Delhi development body allows private firms to buy flats in bulk

DELHI: Private companies can now buy DDA flats in bulk and use it as hostel or staff quarter as the
Delhi Development Authority (DDA) had amended the DDA (Management and Disposal of Housing Estate) Regulations, 1968.
In the authority meeting on Tuesday, DDA has allowed participation of non-governmental legal entities to purchase built up properties in bulk offered by it. “Any private entity with a registered office or campus in Delhi/ NCR region can now purchase residential flats of DDA in bulk for use as residential staff quarters, hostel among others. Such a policy will enable
the growth and development of private industrial, educational and other sectors in upcoming areas like Narela leading to the overall development of the city,” DDA said in a statement.

DDA will also offer discount upto 25% for MIG flats at Narela Sector A1-A4.
A discount of 15% to the general public and a discount of 25% to employees of Central Govt., State Government and Government Autonomous bodies would be offered as an incentive for more than 440 flats at Sector A1-A4, Narela in the ongoing FCFS scheme. Sector A1-A4 is well connected with its proximity to the GT Karnal Road, Urban Extension Road -II & the proposed metro line. This incentive scheme will enable middle class as well as Government
employees to fulfil their dream of owning a decent size flat in Delhi.
A discount of 15% on 246 LIG flats of Ramgarh Colony is being offered on the price offered in previous Special Housing Scheme 2021. It is very well connected to Jahangirpuri Metro Station of DMRC, bus stop and main road connecting Mukarba Chowk and Azadpur is also at walking distance.

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