DDA senior citizens’ housing scheme- 2500 affordable service apartments
Delhi Development Authority (DDA) is planning 2500 affordable service apartments and the proposal was cleared in an Authority board meeting. DDA has identified four sites where housing complexes for senior citizens will be developed. These apartment units may attract not just pensioners, but richer candidates as well. DDA is talking to banks for Reverse mortgage system, where applicants can mortgage property and pay for the flat.
The mode of payment would be either lump sum amount which an applicant could pay and occupy the flat or monthly installments ideal for pensioners and DDA is in talk with banks for Reverse mortgage system.
It will be for the first time in India that affordable apartment units, where citizens aged 60 years and above will be able to spend their lives comfortably post-retirement. “Five firms are in talks with us. We have asked each firm to give us designs which provide easy, barrier-free accessibility within the complexes. These firms will develop the complexes,” said DDA vice-chairperson Balvinder Kumar.
Source: TOI
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