Delhi and NCR residents can bank on recent housing schemes
If you have been waiting for a state housing scheme to be launched in order to buy a home at an affordable price, and that too in the Capital you might soon get an option to order one. The Delhi Development Authority (DDA) Housing Scheme 2014 being rolled out soon might just make your dream come true.
In the coming four years after DDA’s 2010 scheme, the 2014 offering will bring some cheer to residents of Delhi as proposals are being considered to reserve 80 percent of the apartments for residents of the city. A new feature of the scheme is that successful allottees will be awarded ownership five years after delivery to prevent sale of property before the five-year period. The reason behind this regulation is to deter speculators and encourage end-users to invest.
The scheme will also include houses built using green technology and may include a clause for separate electrical maintenance for common areas. Touted as DDA’s largest scheme, it is scheduled to be launched by the end of August or the beginning of next month.
In a first of its kind, green technology and some new clauses benefiting the end-user from Delhi, will be offered, say DDA sources. Most of these flats are ready.
Source: Hindustan Times
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