News & Views on Indian Real Estate

Tuesday, June 17, 2008

DDA to Come up with 6, 000 Flats in North and South Delhi

The Booming real estate prices and the mounting rentals in the city have left the middle-income families dumbstruck. The only option often left for them is the Delhi Development Authority (DDA) flats, which are available at a reasonable price. The Delhi Development Authority (DDA) is all set to launch its biggest housing schemes since 2004 in July 2008. According to the officials, about 6, 000 one and two bedroom flats will be on offer. Thought the final cost of the flats is yet to be decided, the senior officials of the civic agency said it would vary between Rs 12 lakh and Rs 22 lakh, depending on the locality and carpet area. These flats will be mainly located in north and southwest areas like Narela, Vasant Kunj, Dwarka, Rohini, Shalimar Bagh and Bakkarwala. The registration amount of the flats will be Rs 1.5 lakh and it would allot the flats through a draw of lots.

manish said...

This will solve a lot of problem of delhites but these type of more flat are needed right to solve the residential problem of delhites.

Anonymous said...

I really like your blog it’s excellent…

Plz share more about India real estate growth in this ression