Latest news with #PremiumHousingScheme2025
Indian Express
19 hours ago
- Business
- Indian Express
Want to buy a DDA flat in Vasant Kunj or Dwarka? Here's a housing scheme for you
City residents will be able to buy premium Delhi Development Authority (DDA) flats in highly sought-after localities in August after the DDA announced the launch of its Premium Housing Scheme 2025 last week following a meeting chaired by Lieutenant Governor V K Saxena. Under the scheme, DDA is offering 177 High-Income Group (HIG), Middle-Income Group (MIG) and Low-Income Group (LIG) flats at prime locations like Vasant Kunj, Dwarka, Rohini, Pitampura, Jasola, and Ashoka Pahari, among others. The flats can be purchased through an e-auction. As many as 67 car and scooter garages are also on offer in high-end areas of the National Capital. This is the fourth housing scheme launched by DDA this year. The last one was the Apna Ghar Awaas Yojana 2025, launched in May 2025, under which 7,500 flats came up for sale at Narela, Loknayak Puram, and Siraspur. The DDA offered a discount ranging from 15-25 per cent on these flats and made them open for sale on a first-come, first-serve basis. The Authority also approved a discount scheme for bulk purchase of flats by central and state government departments, organisations, undertakings, autonomous bodies, and government universities. 'As per the approval, government agencies and universities purchasing a minimum of 10 flats will be eligible for the same discount currently offered to the general public under DDA's Apna Ghar Awaas Yojana 2025, i.e. 25% on LIG flats and 15% on MIG, HIG, and EWS flats in Narela,' a statement from the agency said. This discount scheme for government organisations comes in the aftermath of DDA receiving a lukewarm response to its schemes launched at the beginning of the year – Sabka Ghar Awaas Yojana and Shramik Awaas Yojana – offering flats for purchase at heavily discounted prices in Narela to construction workers, autorickshaw drivers, and street vendors, among others.
Time of India
2 days ago
- Business
- Time of India
DDA announces premium housing scheme 2025 with e-auction of flats and garages at prominent locations in Delhi
New Delhi: Aiming to unlock the real estate potential of the national capital, Delhi Development Authority (DDA) is set to launch the Premium Housing Scheme 2025 in Aug-beginning. Tired of too many ads? go ad free now The scheme was approved at the authority's meeting chaired by lieutenant governor V K Saxena on July 11. DDA will offer about 250 residential flats as well as car or scooter garages on an e-auctioning basis. The flats and garages, located across some of the most sought-after localities of Delhi, are likely to be booked from next month, said an official. The scheme includes 39 HIG flats in Vasant Kunj, Jasola (Pocket 9B) and Dwarka (Sector 19B); 48 MIG flats in Jahangirpuri, Nand Nagri, Dwarka and Pitampura; and 22 LIG flats in Rohini. Additionally, 66 flats under EHS category located in Pocket 9, Nasirpur Dwarka, and two SFS category-II flats in Sector 18, Rohini, and Shalimar Bagh will be offered, stated the authority. "The scheme also includes 16 car garages in Pitampura and 51 scooter garages across Mall Road and Ashok Vihar, offering comprehensive options for both housing and parking in some of Delhi's most prominent localities," stated DDA. The price of the flats will vary across categories. For example, HIG flats have a reserved price ranging from Rs 1.6 crore to Rs 2.5 crore. MIG flats are priced between Rs 60 lakh and Rs 1.5 crore. LIG flats come with reserved prices ranging from Rs 39 lakh to Rs 54 lakh. The SFS category-II flats are expected to be priced between Rs 90 lakh and over Rs 1 crore while EHS flats will be priced at Rs 38.7 lakh. The car and scooter garages have reserved prices between over Rs 3.1 lakh and Rs 43 lakh, depending on the type and location. Tired of too many ads? go ad free now The final prices may go up and will be decided on the basis of e-auctioning bids. "This scheme is yet another significant step in DDA's ongoing efforts to transform Delhi into a world-class city equipped with high-quality urban infrastructure, inclusive housing options, and a well-balanced environment," said the official. DDA is already working on 'Apna Ghar Awaas Yojana 2025', wherein a total of 7,500 units have been offered at a 25% discount on LIG flats and 15% on EWS, MIG and HIG categories. The scheme was launched on May 27, and by June 28, the authority managed to sell over 850 flats, with 630 of the units sold in Narela alone.
India Today
5 days ago
- Business
- India Today
Delhi Development Authority cuts commercial property charges to boost real estate
In a major policy shift to attract real estate investments, the Delhi Development Authority (DDA) on Friday reduced amalgamation charges for commercial properties from 10 percent to 1 percent of the circle move is aimed at boosting commercial development within Delhi, which has lagged behind neighbouring NCR cities like Noida and Gurugram due to higher further stimulate investor interest, the DDA also cut the multiplication factor used in commercial property auctions from 2 to 1.5 times the circle These changes are based on recommendations from a High-Level Joint Government-Industry Task Force formed by LG VK Saxena, which had flagged Delhi's uncompetitive market rates as a deterrent for reforms in commercial real estate, the DDA approved land use changes in Narela to establish an education hub and a multi-sports integrated stadium.A discount scheme was also cleared for bulk flat purchases by government entities in Narela, mirroring the Apna Ghar Awaas Yojana 2025 public a residential push, the DDA launched the Premium Housing Scheme 2025 through e-auctions, offering HIG, MIG, and LIG flats and garages in areas such as Vasant Kunj, Rohini, Dwarka, and Signature View Apartment residents will receive a facilitation rent during their building's reconstruction phase, ensuring their welfare is measures reflect the DDA's broader strategy of aligning real estate policies with industry inputs, deregulating processes, and making Delhi more competitive as both a commercial and residential destination.- EndsMust Watch
NDTV
5 days ago
- Business
- NDTV
Delhi Cuts Commercial Property Charges To Match Gurugram, Noida Rates
The Delhi Development Authority (DDA) has approved significant cuts to commercial property charges in a move aimed at making the Capital more competitive with neighbouring Gurugram and Noida. The decisions, cleared during a meeting chaired by Lieutenant Governor VK Saxena, are expected to encourage more commercial development within Delhi, where high charges have long been seen as a deterrent. Amalgamation Charges Cut from 10% to 1% One of the key decisions is a drastic reduction in amalgamation charges for commercial properties-from 10% of the circle rate to just 1%. This will make it significantly cheaper for developers to combine smaller plots and undertake larger commercial projects, something that had become far more viable in cities like Noida and Gurugram due to their lower charges. Officials acknowledge that the earlier structure made large-scale projects in Delhi financially unattractive, pushing developers to invest in neighbouring NCR towns instead. Auction Pricing Factor Reduced The DDA also approved a reduction in the multiplication factor used in the auction of commercial properties - from twice the circle rate to 1.5 times. This is expected to bring down the base price for auctions, potentially attracting more bidders and increasing developer participation in Delhi's commercial real estate sector. Both decisions follow recommendations from a government-industry task force formed by the L-G's office, which found that high costs and rigid regulations were key reasons for the city falling behind its NCR counterparts in terms of commercial development. Focus on Narela Development The Authority also cleared several proposals aimed at boosting development in the underdeveloped Narela sub-city: Change of Land Use: Approval was granted to convert land in sectors G-3, G-4, G-7, and G-8 for establishing a multi-sports stadium and an education hub. Discounts on Unsold Flats: Government agencies and universities purchasing at least 10 flats in Narela will now receive the same discounts as individual buyers - 25% for LIG flats and 15% for MIG, HIG, and EWS units. Premium Housing Scheme 2025: A new scheme will offer 177 residential flats and garages in localities such as Vasant Kunj, Dwarka, Rohini, Pitampura, Jasola, and Ashoka Pahari via e-auction. Support for Signature View Residents: DDA will provide monthly rent assistance of Rs 50,000 for HIG flats and Rs 38,000 for MIG flats to residents of the unsafe Signature View Apartments during reconstruction. Real estate developers have constantly flagged that Delhi's commercial property rules were outdated and cost-heavy. The latest reforms attempt to correct that imbalance, especially at a time when Delhi has been losing out on commercial investment to nearby cities. While the move signals a shift in DDA's approach toward more developer-friendly policies, its impact will depend on how quickly these changes are implemented - and whether they lead to a visible uptick in commercial construction within the city.
