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How Did The DDA Housing Scheme 2019 Pan Out?

The Delhi Development Authority (DDA) launched its flagship housing program on March 23, 2019 and rounded it off by 10th of May, 2019. The housing scheme saw around 18,000 flats on sale, 6,000 more than the 2017 scheme. The increase in number definitely heightened the possibility of getting a home in the hush and push of the capital city i.e. Delhi. Whatu2019s good about DDA Housing Scheme 2019 was that it continued to offer subsidy benefits under Credit Linked Subsidy Scheme (CLSS). The subsidy is all set to decrease the cost of owning a DDA flat. Apart from that, the flats were located in different areas with different prices. The post will detail on each and every aspect of the housing scheme 2019. Keep reading.

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How Did The DDA Housing Scheme 2019 Pan Out?

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  1. How Did The DDA Housing Scheme 2019 Pan Out?

  2. The Delhi Development Authority (DDA) launched its flagship housing program on March 23, 2019 and rounded it off by 10th of May, 2019. The housing scheme saw around 18,000 flats on sale, 6,000 more than the 2017 scheme. The increase in number definitely heightened the possibility of getting a home in the hush and push of the capital city i.e. Delhi. What’s good about DDA Housing Scheme 2019 was that it continued to offer subsidy benefits under Credit Linked Subsidy Scheme (CLSS). The subsidy is all set to decrease the cost of owning a DDA flat. Apart from that, the flats were located in different areas with different prices. The post will detail on each and every aspect of the housing scheme 2019. Keep reading.

  3. Distribution of DDA Flats in Housing Scheme 2019 The DDA flats are mostly located in Vasant Kunj and Narela. It was an online scheme consisting of 18,000 flats (approx.) in different dimensions. The flats were available in EWS, LIG, MIG and HIG variants. LIG took the maximum share with 8,300 units, followed by EWS, MIG and HIG with 7,700, 1,550 and 450 units, respectively.

  4. How Much Did the DDA Flats Cost? The DDA launched flats at prices ranging from ₹10.42 lakh-₹1.73 crore. The price of EWS flats, which were located in Narela, came with a price tag of ₹10.42-19.36 lakh. The 1-BHK LIG flats, located in both Vasant Kunj and Narela, were available at ₹22.44-56.32 lakh. Like LIG, MIG flats were also available in Narela and Vasant Kunj. You can buy these 2-BHK flats at a price of ₹66.22-98.55 lakh. HIG flats were constructed in both 2-BHK and 3-BHK dimensions. These flats were available in Vasant Kunj only. The 2-BHK HIG flats were offered at ₹93.67 lakh-₹1.41 crore. The 3-BHK flats, on the other hand, were available at 1.43-1.73 crore.

  5. Application Money & Modes Pertaining to DDA Housing Scheme 2019 The DDA had stipulated different application money from the applicants. While the HIG and MIG applicants needed to pay the application money worth ₹1 lakh, the LIG and EWS applicants were made to pay ₹1 lakh and ₹25,000, respectively. The DDA had tied up with as many as 12 banks for Housing Scheme 2019. These banks were State Bank of India (SBI), HDFC Bank, ICICI Bank, Kotak Mahindra Bank, IDFC First Bank, Syndicate Bank, Corporation Bank, YES Bank, IDBI Bank, Central Bank of India, Union Bank of India and IndusInd Bank. Applicants were required to visit the website of these banks and get to the DDA flat application form. Afterward, they were required to fill the details properly before submitting the application. Another way was to apply directly on the official DDA website.

  6. How Will the DDA Announce Winners of Housing Scheme 2019? Now that the housing scheme is over, the DDA can soon conduct a computerized draw before independent observers to choose the winners of the scheme. The winners will have to deposit the remaining amount after the application money to DDA to get the house. These individuals can apply for a home loan after comparing the interest rates, processing fee and several other key factors.

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