DDA receives 15,000 applications for housing scheme 2021 offering 1,354 flats

The housing scheme offers 254 higher income group (HIG) flats, with prices ranging between Rs 69.6 lakh and Rs 2.1 crore, and 757 two-bedroom middle-income group (MIG) flats priced between Rs 40.6 lakh and Rs 1.4 crore.

New Delhi: With less than 10 days for ambitious homes to apply for the Delhi Development Authority's Housing Scheme 2021, the landowning agency has received 15,361 applications so far for 1,354 apartments, most of the two and three-bedroom apartments, on display. The date for the selection lottery for the applicants selected for the housing scheme 2021 has been set for March 5. The plan, launched on January 2, saw the DDA site receive nearly 10 billion visits on its first day. The housing scheme 2021 offers 254 apartments for High Income Groups (HIG), with prices ranging from Rs 69.6 Lakh to Rs 2.1 crore, and 757 two-bedroom apartments for Middle Income Group (MIG) with prices ranging between Rs 40.6 Lakh and Rs 1.4 Crore. The number of 1 bedroom apartments is located at the bottom with only 52 LIG apartments on the board, the prices range from Rs 17.7 to Rs 35.5 lakh. Apart from this, there are also 291 apartments for people from economically weaker sectors Applicants have until February 16th to apply for the program. The drawing, scheduled for March 5, will go live online. A Department of Disarmament Affairs official said that while a total of 15,361 applications have been received so far, 6,488 applicants have already made the final payment of the application fee. Land Promotion Agency received payments for 4,147 homes from HIG and MIG, 872 LIG homes, and 1,469 EWS homes. The application fee is Rs 2 lakh for HIG and MIG floors, Rs 1 lakh for LIG floors, and Rs 25,000 for EWS floors. Applicants who fail to secure an apartment in the draw will be fully compensated. For the 2019 housing scheme, DDA received around 45,000 applications for the nearly 18,000 apartments on display. However, a large number of these apartments were in the LIG category and most of them were located in Narela. Since many of these apartments did not find buyers, DDA ultimately donated 10,000 apartments. Taking into consideration their past experience, the authority decided to keep one-bedroom apartments to a minimum, and only about 140 apartments of different categories in the scheme this time are old unsold apartments. “We have basically kept two and three-bedroom apartments because most of the people apply for the HIG and MIG grades,” said one official. He added: "The total number of applications may not seem very high at the present time compared to our previous schedules, but we know from experience that the flow of applications reaches its peak a few days before the closing date." The official stated that the reason for receiving more requests for HIG and MIG floors is that they are in prime locations, including Jasola, Dwarka, Vasant Kunj, etc., and very close to metro corridors in Delhi. "What made this scheme more attractive to applicants is the construction quality, which is on par with the best private developers," he said. Of the total inventory of 1,354 units, 757 MIG class apartments are located in Dwarka, Rohini, Vasant Kunj, Jahangirpuri, and Madipur, while the 252 HIG units on offer are in Jasola, Vasant Kunj, Dwarka, Nasirpur, and Rohini. Also Read: What real estate gained in Union Budget 2021?