DDA Housing Scheme 2017 – Awas Yojana 12000 Flats for Sale

DDA Awas Yojana 2017 3357 views

Smile home seekers, as the Delhi Development Authority (DDA) has 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 has been 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 opens on 30th June 2017 and expires on 11th August 2017, features 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

The winners of the lucky draw would be given the possession in October 2017.

DDA Housing Scheme 2017

You can apply for a home loan at the banks mentioned above and others to buy the DDA flats on offer. But before availing a loan, you must know the prices of the flats. With prices known, you would be able to know the amount of loan required to buy a house. Also, you should know in advance the per lakh EMI to assess your feasibility for the loan. You can take advantage of the Pradhan Mantri Awas Yojana scheme to reduce your interest repayment over the course of the loan.

Must Read  DDA Housing Scheme Draw Results

For HIG Flats Under DDA Housing Scheme 2017

ParticularsDetails
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

ParticularsDetails
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

ParticularsDetails
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
Must Read  DDA Housing Scheme Draw Results

For Janta Flats Under DDA Housing Scheme 2017

ParticularsDetails
No of Flats384
Price₹7.07 lakhs-11.49 lakhs
Area18.80-41.22 square meters
Dimensions1 Drawing Room, 1 Bedroom, 1 Kitchen, 1 Bathroom
Prevailing Interest Rate8.35%-9.35%
Per Lakh EMI₹758 - ₹830


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?

You can pay the application form money by either of the following modes.

  • 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 earlier. You can get the finance of the application, but on a personal loan basis. If you opt for a personal loan to get the application fee paid to 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 ₹)
SBI1,00,000-2,00,000511.90% - 14.90%2,219- 4,758
ICICI Bank1,00,000-2,00,000511.00% - 18.49%2,174-5,132
HDFC Bank1,00,000-2,00,000510.99% - 16.75%2,174-5,243
Axis Bank1,00,000-2,00,0005

15.50% - 24.00%

2,405-5,754
Kotak Mahindra Bank1,00,000-2,00,000510.99% - 17.99%2,174-5,172
Yes Bank1,00,000-2,00,0005

14.00%

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
Must Read  DDA Housing Scheme Draw Results

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 has a provision that allows the prospective buyers to visit the flats of their choice and check out the facilities available there. The authority has deployed various representatives at project sites to help you 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