Delhi development body to offer 36,000 flats around Diwali

November 8, 2023

NEW DELHI: The Delhi Development Authority will come out with its biggest housing scheme around Diwali, offering more than 36,000 newly-constructed flats in Dwarka, Lok Nayak Puram and Narela.

This will include 14 penthouses, 170 super HIG, 3,000 HIG, 4,700 MIG, 20,000 LIG and 8,430 EWS flats. “In Dwarka, a total of 3,100 flats will be offered. Apart from 14 penthouses in Sector 19B and 170 super HIG flats, there will be 946 HIG, 316 MIG and 1,654 LIG flats. All will be located mostly in sectors 19B and 14,” said an official.

Narela: DDA may offer flats on a first-come-first-served basis

While the DDA is busy finalising the cost, date of launch and method for selling these flats, options like computerised drawing lots and first-come-first-serve are under consideration.

“The authority will most likely allocate the flats on a first-come-first served basis in Narela, where 25,400 houses will be offered in various categories. Selling them will be a big responsibility for the officials. This will be for the first time DDA will offer so many flats in one go,” said the official. As far as the flats in Dwarka and Lok Nayak Puram are concerned, the authority expects to continue with the usual draw of lots.

“In Lok Nayak Puram, we have 647 MIG and about 220 EWS flats. These have ample space,” said the official.

However, for the 14 penthouses located at the top of 14 towers in Sector 19B Dwarka, DDA is considering an e-auction for the first time. “While the initial price of this property is expected to be Rs 4 crore, we may try e-auction to get the best results,” said the official.Once a decision is taken on the prices of flats, the details will be uploaded on the DDA’s website. The login process will be initiated and people will be invited to apply for the flats, said the official.

In October, the authority claimed to have received good response to the first-come-first-served housing scheme and claimed it managed to sell 2,236 of the 5,623 flats within 100 days.

“Taking note of the response, LG V K Saxena had given a target to DDA to dispose of at least 40% of the total unsold inventory (13,782 flats) in the current financial year. While we are already working on this project, to accelerate the sale of its upcoming newly-constructed flats, DDA has hired a real estate consultant to prepare a report and suggest a strategy to maximise sales based on various factors,” said the official.

  • Published On Nov 8, 2023 at 09:15 AM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETRealty App

  • Get Realtime updates
  • Save your favourite articles

Scan to download App

Leave a Comment