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.

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.

Next Story
Real Estate

Dharavi Rising

Dharavi, Asia’s largest informal settlement, stands on the cusp of a historic transformation. With an ambitious urban renewal project finally taking shape, millions of residents are looking ahead with hope. But delivering a project of this scale brings immense challenges – from land acquisition to rehabilitate ineligible residents outside Dharavi and rehabilitation to infrastructure development. It also requires balancing commercial goals with deep-rooted social impact. At the helm is SVR Srinivas, IAS, CEO & Officer on Special Duty, Dharavi Redevelopment Project (DRP), Government..

Next Story
Real Estate

MLDL Records 20.4% Growth in Pre-Sales

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announced its financial results for the quarter ended March 31, 2025. In line with INDAS 115, the company recognises revenues using the completion of contract method. Key highlights FY25: Consolidated sales (Residential and IC&IC) of Rs 32.99 billion. Gross development value (GDV) additions in FY25 were Rs 1.81 trillion compared to Rs 440 billion in FY24 (~4x growth). Residential pre-sales of Rs 28.04 billion in FY25, reflecting 20.4% growth o..

Next Story
Infrastructure Transport

UCSL Delivers India's First Green Cargo Vessel to Norway

In a landmark achievement for Indian shipbuilding and the Atma Nirbhar Bharat initiative, Udupi Cochin Shipyard Limited (UCSL), a subsidiary of Cochin Shipyard Limited (CSL), has delivered the first of six next-generation green cargo vessels to Norway-based Wilson Ship Management AS, Europe’s largest short-sea shipping operator. The 3,800 DWT vessel, named Wilson Eco 1, was handed over during a ceremony at New Mangalore Port. The delivery is part of a Rs 5.06 billion project supported by Norway’s green maritime funding programme, marking India's entry into the European eco-friendly ca..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?