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For a Complete Insight on DDA Housing Scheme Read This

Every individual wants to live in a beautiful and spacious home and in order to fulfill this dream of yours, DDA Housing Scheme is here! Yes, this unique and one-of-its-kind scheme has been thoughtfully by keeping in mind the ‘Affordable Housing for All’ initiative. If we talk more about the same, there are plenty of features and benefits that can be availed under the same. It is especially for the lower income group/expendable houses/middle-income group.

Let’s just get into the detail below:

An Intro

Stands for Delhi Development Authority (DDA), under this, the total number of flats being offered by the authority is almost 21,000. If we go into the detail, out of 20,980 flats, a total of 3622 are for Economically Weaker Section, 16,298 are for Lower Income Group, 579 are reserved for Middle Income Group and 488 are for Higher Income Group. The same scheme has been linked to Pradhan Mantri Awas Yojana (PMAY), which is linked to Credit Linked Subsidy Scheme (CLSS). These flats basically cover the areas such as Vasant Kunj, Dwarka, Rohini, Narela, Siraspur, etc.

Range

Talking about the price range, the authority has kept the prices low in the range of Rs.7.5 Lakh to Rs.1.44 Crore so that all applicants can avail the loan without feeling the burden. Moreover, if we go deep down into the matter, there is no denying the fact that different flats have a different price range. So, let’s take a look at the pricing below:

LIG (1 BHK)
Built-up Area: 410
Total Cost of Apartment: Rs. Rs.18,45,000

MIG (2 BHK)
Built-up Area: 715
Total Cost of Apartment: Rs. Rs.32,17,500

HIG (3 BHK)
Built-up Area: 1024
Total Cost of Apartment: Rs. Rs.46,0,8,000

SHIG (3 BHK)
Built-up Area: 1387
Total Cost of Apartment: Rs. Rs.62,41,500


Eligibility Criteria

If you want to apply for this scheme, it would not be wrong to say that there is a certain eligibility criteria for the same. Only an eligible applicant can enjoy a wide range of services being offered by the same. Let’s take a look at the eligibility below:

  • You should be the citizen of India.
  • The minimum age required for an applicant should be 18 years.
  • An individual should not own a residential house/plot either in part or full. 
  • If the share of an applicant in the jointly owned plot or land is less than 66.9 square meter, it would be easy for him to apply.
Application Brochure Online

Those who want to apply for the same, would be glad to know that DDA housing scheme 2018 online application form is easily available at plenty of lenders. Yes, the authority has collaborated with 10 renowned banks such as Axis Bank, Yes Bank, IDBI, Bank of Baroda, Central Bank, SBI, Kotak Mahindra, HDFC, ICICI and Canara Bank. Talking about the brochure, it is easily available at Rs.200.




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