DDA Housing Scheme 2017 – Awas Yojana 12000 Flats for Sale

So what we all were waiting for has finally arrived with the Delhi Development Authority (DDA) announcing the list of winners who applied to buy flats located in New Delhi. A draw lot of 46,182 registrants was held in Vikas Sadan. The whole event was webcast.

Check out the DDA Housing Scheme 2017 Draw Results. Nearly 4-5 months ago, the DDA had launched a new housing scheme entailing a sale of around 12,000 flats in the country’s capital. Urban Development Minister M Venkaiah Naidu while launching the scheme said that it was linked to Credit Linked Subsidy Scheme under Pradhan Mantri Awas Yojana (PMAY) – Housing For all (Urban) as the government envisions to provide affordable housing by 2022. The DDA Awas Yojana 2017, which opened on 30th June 2017 and expired on 11th August 2017, featured flats mostly located in Rohini, Narela, Dwarka, Pitampura, Jasola, Paschim Vihar and Vasant Kunj. Importantly, the DDA has removed the 5-year lock-in clause in its housing scheme 2017, and is considering the same for the resale of flats sold in 2014 as buyers feel the 5-year period is too long.

The eco-friendly technologies have been used to construct the flats, said the officials present in a gathering at Nirman Bhavan in New Delhi. As many as eight banks have joined hands with DDA for application forms and scheme-related transactions. The banks include-

  • State Bank of India (SBI)
  • ICICI Bank
  • HDFC Bank
  • Axis Bank
  • Kotak Mahindra Bank
  • Yes Bank
  • IDBI Bank
  • Central Bank of India

 DDA Housing Scheme 2017

The draw winners have an option to apply for a home loan at the banks mentioned above and others to buy the DDA flats on offer. But before availing a loan, the winners would have gone on to know the prices of the flats. If that is the case, they must know the amount of loan required to buy a house. So if you are a winner of the scheme, you can take advantage of the Pradhan Mantri Awas Yojana scheme to reduce your interest repayment over the course of the loan.

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    For HIG Flats Under DDA Housing Scheme 2017

    No of Flats87
    Price₹53.52 lakh-1.26 Cr
    Area72.43-156.61 square meters
    Dimensions1 Drawing Room, 3 Bedrooms, 1 Kitchen, 1 Bathroom and a Toilet
    Prevailing Interest Rate8.35%-9.35%
    Per Lakh EMI₹758 - ₹830

    Distribution of HIG Flats in Different Locations

    LocationPriceNo of Units Available for Sale
    Dwarka₹61.08 Lakhs - ₹1.09 Crore20
    Vasant Kunj₹58.47 Lakhs - ₹93.96 Lakhs20
    Rohini Sector -29₹1 Crore - ₹1.03 Crore14
    Jasola₹85.87 Lakhs - ₹1.26 Crore12
    Kondli Gharoli₹79.62 Lakhs7
    Vikas Puri & Paschim Vihar₹54.24 Lakhs - ₹62.75 Lakhs7
    Pitampura₹65.34 Lakhs - ₹66.15 Lakhs3
    Sarita Vihar &Sukhdev Vihar ₹62.58 Lakhs - ₹84.20 Lakhs2
    Rohini Sector 11 and 18₹53.52 Lakhs - ₹53.54 Lakhs2

    For MIG Flats Under DDA Housing Scheme 2017

    No of Flats404
    Price₹43.11 lakhs-93.95 lakhs
    Area72.28-131.68 square meters
    Dimensions1 Drawing Room, 2 Bedrooms, 1 Kitchen, 1 Bathroom and a Toilet
    Prevailing Interest Rate8.35%-9.35%
    Per Lakh EMI₹758 - ₹830

    Distribution of MIG Flats in Different Locations

    LocationPriceNo of Units Available for Sale
    Narela Pocket A-9₹70.63 Lakhs331
    Mukherjee Nagar₹90.02 Lakhs - ₹93.95 Lakhs31
    Rohini Sector 21/23/24/28₹43.11 Lakhs - ₹57 Lakhs23
    Dwarka₹44.49 Lakhs - ₹73.94 Lakhs10
    Jahangirpuri₹50.58 Lakhs - ₹78.11 Lakhs4
    Narela Pocket A-10₹31.32 Lakhs - ₹32.92 Lakhs3
    Kalyan Vihar₹52.91 Lakhs - ₹60.34 Lakhs2

    For LIG Flats Under DDA Housing Scheme 2017

    No of Flats11,197
    Price₹14.50 lakhs-30.30 lakhs
    Area28.24-61.05 square meters
    Dimensions1 Drawing Room, 1 Bedroom, 1 Kitchen, 1 Bathroom and a Toilet
    Prevailing Interest Rate8.35%-9.35%
    Per Lakh EMI₹758 - ₹830

    Distribution of LIG Flats in Different Locations

    LocationPriceNo of Units Available for Sale
    Rohini Sector 34-35₹14.83 Lakhs - ₹15.08 Lakhs4349
    Narela G-2 and G-8₹14.50 Lakhs - ₹14.75 Lakhs3612
    Siraspur₹18.40 Lakhs - ₹18.72 Lakhs2059
    Paschim Vihar & Loknayakpuram₹20.33 Lakhs - ₹22.78 Lakhs404
    Dwarka Sector-23B₹20.18 Lakhs - ₹20.50 Lakhs378
    Ramgarh Colony Near Jahangirnagar Police Station ₹19.72 Lakhs - ₹21.79 Lakhs268
    Rohini Sector 16-29₹24.45 Lakhs - ₹30.30 Lakhs77
    Narela ₹15.40 Lakhs - ₹19.61 Lakhs36
    Kondli Gharoli₹16.75 Lakhs - ₹23.55 Lakhs10
    Dwarka and Jasola₹15.63 Lakhs - ₹26.04 Lakhs4

    For Janta Flats Under DDA Housing Scheme 2017

    Distribution of Janta Flats in Different Locations

    LocationPriceNo of Units Available for Sale
    Rohini Sector-4₹9.24 Lakhs - ₹9.49 Lakhs239
    Rohini, Mangolpuri & Sultanpuri₹9.74 Lakhs - ₹11.72 Lakhs42
    Dwarka & Nasirpur₹9.10 Lakhs - ₹9.65 Lakhs41
    Paschim Vihar, Shivaji Enclave, Vikas Puri, Hastsal & Raghubir Nagar₹8.51 Lakhs - ₹11.49 Lakhs21
    Anand Vihar, Trilokpuri, Kondli Gharoli & Todapur₹8.48 Lakhs - ₹12.76 Lakhs9

    Application Form Money to Be Deposited

    • LIG, Janta/1 Bedroom Flats – ₹1 Lakh
    • MIG/HIG Flats – ₹2 Lakhs

    How to Pay Application Form Money?

    • Online via NEFT/RTGS, Net Banking
    • Cheque
    • Draft-DDA Housing Payable at Delhi/New Delhi

    What’s Different in DDA Housing Scheme 2017?

    In the case of emerging the winner in the lucky draw, you would need need to pay the remaining cost of the house after depositing the application fee. The concerned banks won’t finance the application fee for the flats on a minimum fee of ₹5,000 which was paid by the customers to avail the service the last time around when the scheme was launched. You can get the finance of the application, but on a personal loan basis. If you opt for a personal loan to pay the application fee to the DDA, you should look at the interest rate and the applicable EMI of the tied up banks. You can glance at the table below to find the same.

    BanksPersonal Loan Amount (In ₹)Tenure (In Years)Interest Rate (In % p.a.)EMI Range (In ₹)
    SBI1,00,000-2,00,000511.35% - 15.10%2,219- 4,758
    ICICI Bank1,00,000-2,00,000510.99% - 18.49%2,174-5,132
    HDFC Bank1,00,000-2,00,000510.99% - 20.75%2,174-5,243
    Axis Bank1,00,000-2,00,0005

    15.50% - 24.00%

    Kotak Mahindra Bank1,00,000-2,00,000510.99% - 17.99%2,174-5,172
    Yes Bank1,00,000-2,00,000513.99% - 16.99% 2,327-4,654
    IDBI Bank1,00,000-2,00,000512.49% - 13.49%2,249-4,601
    Central Bank of India1,00,000-2,00,000510.05% - 12.30%2,132-4,489

    What About Charges on Surrender of Application in DDA Flats Housing Scheme 2017?

    In the event of a prospective buyer surrendering the application prior to the date of a lucky draw, nothing would be deducted. But doing so after the draw and before the demand letter will lead to the forfeiture of the application money or the registration fee, whichever you would like to call, to the tune of 25%.

    Go & Check Out the Facilities

    The DDA Housing Scheme 2017 also had a provision allowing the prospective buyers to visit the flats of their choice and check out the facilities available there. The authority had deployed various representatives at project sites to help the applicants visit the flats.

    Who are Eligible to Apply for DDA Flats 2017?

    • Any Indian national with an age of 18 years and above at the time of filing the form.
    • The applicant must not own a flat under his/her, spouse or under children’s name in Delhi.
    • An applicant can submit only one application.
    • Both husband and wife can apply for the scheme individually. But if both of them are named in the lucky draw, only one can retain the flat.
    • An applicant must have a PAN number which he/she must quote in the application form.

    Documents Required to Apply for DDA Flats 2017 in Delhi

    You are required to submit the self-attested copy of the following documents while applying for the said housing scheme.

    • Residence Proof-Government Card, Driving License, Passport, Voter ID, Water Bill Electricity Bill, Telephone Bill, Ration Card, Aadhaar Card, House Tax Receipt, Bank Passbook showing the name and address,
    • PAN Card
    • ITR filed for 2015-16 with 2016-17 as the financial year
    • Relevant documents to identify the people belonging to Scheduled Caste (ST), Scheduled Tribe (ST), Physically Handicapped or other categories which get reservation

    Personal Loan Interest Rates February 2018
    Bajaj Finserv 10.99% - 16.00%
    Fullerton India 14.00% - 33.00%
    HDFC Bank 10.99% - 20.75%
    ICICI Bank 10.99% - 18.40%
    IndusInd Bank 12.99% - 20.00%
    Kotak Bank 10.99% - 17.99%
    RBL 14.00% - 18.00%
    Standard Chartered Bank 10.99% - 14.49%
    Tata Capital 11.49% - 18.00%
    Home Loan Interest Rates February 2018
    State Bank of India/SBI 8.30% - 8.60%
    HDFC 8.35% - 8.95%
    Bank of Baroda 8.30% - 9.30%
    LIC Housing 8.35% - 8.70%
    PNB Housing Finance 8.35% - 8.70%
    ICICI Bank 8.35% - 8.85%
    Axis Bank 8.35% - 8.75%
    Citibank 8.40% - 9.25%
    Indiabulls Housing Finance Limited 8.35% - 11.25%
    Kotak Bank 8.35% - 8.50%
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