13,500 DDA flats up for resale in 2017

Delhi development Authority will soon unveil new housing scheme early in 2017 under which almost 13,500 flats will be available for sale. Most of the homes are one BHK accommodations which are surrendered by allottee of 2014 project.

The scheme might be announced in January 2017 but the land owning agencies would take another month to work out on the details. The sources also claim that the banking sector will also improve by January.

To make sure that there are hardly any large-scale rejections, Delhi development Authority has made some important changes in its policies. First and foremost are the 11,000 old LIG flats which will be sold at the old price of 2014. Secondly, it has also done away with 5-year lock in a period according to which an allottee was not allowed to sell off his/her property for as much as 5 years. Also, the applicants will not be refunded the registration money if they withdraw from the scheme after the allotment of flats.

All these measures have been taken to deter people from surrendering their flats. LIG flats will be selling at old rates. Experts are hopeful that this will definitely encourage the people to apply for this scheme.

Presently, the agency has recognized almost 11,148 flats which will be kept for sale. This might add on another 300 units to the inventory in future.

Out of the total 25,034 homes which were given under 2014 scheme, 10,000 homes were surrendered as the owners found that the rooms were too small. Over 22,627 were 1 bedroom units, 1,800 were 2 and 3 BHK flats. Many people have returned the flats saying that it is too small to the rooms.

These flats were then offered to the people on the waiting list but the response was the same from them as well. This is the major reason why a new housing scheme was announced.

Most of these flats which are under the new scheme are located in Rohini, Narela, Siraspur and Dwarka. There are many more flats that are ranging from 50 to 200 in the locations like Jahangirpuri, Loknayakpuram, Kondli and Gharoli Trans-Yamuna.

These LIG flats are definitely going to help the people to invest in affordable properties in Delhi NCR and get the most out of it.

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