Having a flat of one’s own is a dream of many across the country. However, due to socio-economic issues, including inflation, the prices of flats in India always remain on the higher side. It makes the idea of buying flats an unimaginable one for most middle-class and backward classes in India.
DDA Housing Scheme focuses on making flats affordable for all people irrespective of their financial status and backgrounds. Delhi Development Authority launched this program to make sure everyone from all parts of the society can buy their dream flats at their convenience. The scheme’s policies offer flats at affordable rates to the general category, SCST categories, and backward classes.
This article closely discusses the components of the DDA housing scheme, its benefits, and other details.
Additional Info: Also check PNB Balance Check Number
The Delhi development authority introduced the DDA housing scheme to help people from all societies to buy flats at their convenience. Under this scheme, those who come from the backward classes, general category, and other castes get flats at low prices.
The scheme’s objective is to offer flats at affordable rates to those who require them. Only those residing in Delhi can avail of this plan launched by the Delhi government. Taking a housing loan can be intimidating for many for several reasons. Those who come from the backward class receive excellent discounts at flats under the scheme.
As per the policies of this scheme, small and affordable flats are made in three different locations in Delhi for small families. All the flats made under this scheme will be 60 m².
The draft master plan- 2041 of the DDA houses was prepared by the Delhi Development authorities. Around 1354 flats were launched under the scheme in 2021. Several flats have been made under this scheme in several places, such as Jasola, Vasant Kunj, Rohini, Dwarka, Nasirpur, Mangalpuri, to name a few. The cost of the flats made for people from the high-income group ranges between 69 lakhs to 2.15 crores. As per the policies of the DDA housing scheme, flats that are made for the middle-income group cost between 40 lakhs to 1.25 crores.
The DDA housing scheme allotment depends on several factors. If you want to apply for this scheme and are wondering whether you are eligible or not, make sure you check the eligibility requirements of the scheme well before making the final call.
Make sure you keep track of all the documents that you need to submit while applying for the DDA flat scheme. The documents required by you are as listed below:
You can apply for the DDA new housing scheme from the comfort of your home without visiting any bank or financial institutes. In order to apply for the scheme online, you need to follow simple steps:
For different DDA apartments under the scheme, different registration fees have to be paid by the applicants. Make sure you check your fees beforehand to make informed financial decisions in the future at ease.
Look at the chart in order to understand and analyse the differences between the registration fees of different DDA houses.
| Categories | Reg. Fees |
| MIG/ HIG | 2 Lakh |
| 1BHK | 15,000/- |
| Janta Flat | 10,000/- |
| Ews Flats | 25,000/- |
For Janta Flats and 1BHK flats, the registration fees remain similar. However, for the EWS flats, the fees increase a little. Your income has a huge role in determining your scheme. Go for a plan that suits your affordability well.
There are several benefits offered by the DDA housing scheme that the applicants can enjoy.
The major benefits that the DDA scheme comes with include:
If you want to get a refund for the DDA housing loan scheme, you will have to write an application and send it to DDA in a proper format. The application has to be sent out within a specified period to cancel your application and obtain a refund.
There are no surrender charges for the applicants who wish to cancel their DDA flats. Make an application for cancellation within the first 15 days of getting an allotment letter to get your refund under the DDA scheme. However, if you want to cancel your DDA flat after getting your allotment letter, you will not get the application amount.
Additional Info: Also check Central Bank Balance Enquiry Number
Home loan interest rates are the lowest ever in the past 15 years. With raining festival offers on home loan, currently you can avail of the best interest rate on Bajaj Finserv home loan @7.70% p.a for all loan amounts.
You can avail the lowest Home Loan EMI at Rs. 727/- per lakh with maximum repayment flexibility. Some options are Step-Up EMIs, Step Down EMIs, Moratorium, OD facility, balance transfer, top up and more.
Home Loans at floating interest rate (linked to repo rate) offer you ultimate prepayment flexibility. There is no part or full prepayment charge. You can prepay early & reduce interest cost as per your cash flows.
