Delhi development body permits bulk purchase of flats by private firms
Real Estate

Delhi development body permits bulk purchase of flats by private firms

The Delhi Development Authority (DDA) has made a significant amendment to the DDA (Management and Disposal of Housing Estate) Regulations, 1968, allowing private companies to purchase DDA flats in bulk for various purposes such as hostels or staff quarters.

In a meeting held, the DDA granted permission for non-governmental legal entities to acquire built-up properties in bulk from the authority. According to a statement from the DDA, any private entity with a registered office or campus in the Delhi/NCR region is now eligible to buy residential flats from the DDA in bulk. These flats can be utilized for purposes such as residential staff quarters and hostels. The implementation of this policy is expected to foster the growth and development of private industrial, educational, and other sectors, particularly in emerging areas like Narela, contributing to the overall development of the city.

The DDA has also introduced discounts of up to 25% for MIG flats in Narela Sector A1-A4. As part of the ongoing First Come First Serve (FCFS) scheme, a 15% discount will be extended to the general public, while employees of Central Government, State Government, and Government Autonomous bodies will enjoy a higher discount of 25% on more than 440 flats in Sector A1-A4, Narela.

Sector A1-A4 boasts excellent connectivity with its proximity to GT Karnal Road, Urban Extension Road-II, and the proposed metro line. This incentive scheme is designed to enable both the middle class and government employees to realize their dream of owning a decent-sized flat in Delhi.

Furthermore, a 15% discount is being offered on 246 LIG flats in Ramgarh Colony, compared to the prices offered in the previous Special Housing Scheme 2021. These flats are well-connected to the Jahangirpuri Metro Station of DMRC, with a bus stop and the main road connecting Mukarba Chowk and Azadpur at a convenient walking distance.

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The Delhi Development Authority (DDA) has made a significant amendment to the DDA (Management and Disposal of Housing Estate) Regulations, 1968, allowing private companies to purchase DDA flats in bulk for various purposes such as hostels or staff quarters. In a meeting held, the DDA granted permission for non-governmental legal entities to acquire built-up properties in bulk from the authority. According to a statement from the DDA, any private entity with a registered office or campus in the Delhi/NCR region is now eligible to buy residential flats from the DDA in bulk. These flats can be utilized for purposes such as residential staff quarters and hostels. The implementation of this policy is expected to foster the growth and development of private industrial, educational, and other sectors, particularly in emerging areas like Narela, contributing to the overall development of the city. The DDA has also introduced discounts of up to 25% for MIG flats in Narela Sector A1-A4. As part of the ongoing First Come First Serve (FCFS) scheme, a 15% discount will be extended to the general public, while employees of Central Government, State Government, and Government Autonomous bodies will enjoy a higher discount of 25% on more than 440 flats in Sector A1-A4, Narela. Sector A1-A4 boasts excellent connectivity with its proximity to GT Karnal Road, Urban Extension Road-II, and the proposed metro line. This incentive scheme is designed to enable both the middle class and government employees to realize their dream of owning a decent-sized flat in Delhi. Furthermore, a 15% discount is being offered on 246 LIG flats in Ramgarh Colony, compared to the prices offered in the previous Special Housing Scheme 2021. These flats are well-connected to the Jahangirpuri Metro Station of DMRC, with a bus stop and the main road connecting Mukarba Chowk and Azadpur at a convenient walking distance.

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