A senior DDA official mentioned on Friday that the Delhi Growth Authority (DDA) is planning to promote the unsold housing stock from its earlier schemes on a first-come, first-served foundation in July. Of the 18,335 flats within the DDA’s Particular Housing Scheme 2021, solely 5,227 – in areas like Dwarka, Rohini, Narela and Jasola – obtained takers after a number of attracts in April. In March, the city physique had introduced that it had authorized an modification to its housing guidelines, which barred individuals already proudly owning a flat or a plot of land in Delhi from shopping for its flats. The official mentioned the comfort within the modification is more likely to get approval from the Union ministry within the coming month, whereas the city physique is not going to begin any new housing initiatives within the close to future.
The explanation for surrendering the flats in Narela is connectivity problem
“The flats are being surrendered on a recurring foundation, so it’s higher to promote them on a primary come, first served foundation. The explanation for surrendering flats in Narela is connectivity problem, whereas those that have surrendered their flats in Jasola have complained of excessive costs,” the official mentioned, including that the city physique is seeking to curb allotment of flats to non-serious consumers. Is.
unsold stock
The DDA’s resolution to promote unsold stock is being seen as a transfer to generate curiosity amongst house consumers. Within the scheme launched in December 2021, many of the flats have been returned by the outdated allottees. “We have now determined to not give you new housing initiatives primarily due to the elevated value of land. As an alternative, the main focus might be on land pooling coverage, and we don’t need to discover different housing initiatives in parallel,” mentioned the DDA official. He mentioned that for studios offered on a first-come, first-served foundation, consumers can be allowed to make use of a web based software program to decide on and make their bookings, which must be completed by paying a ten% registration price.
