Delhi Development Body Expects Economic Boost from Private Firms Buying Flats in Bulk

Delhi Development Body Allows Private Firms to Buy Flats in Bulk

The Delhi Development Authority (DDA) has recently made an important amendment to the DDA Management and Disposal of Housing Estate Regulations, 1968, allowing private companies to purchase flats in bulk. Under the new policy, any private entity with a registered office or campus in the Delhi/NCR region can now buy residential flats from DDA for various purposes, including residential staff quarters and hostels. This move is expected to promote the growth and development of private industrial, educational, and other sectors in upcoming areas such as Narela, ultimately leading to the overall development of the city. Incentives Offered for Purchasing DDA Flats in Narela Sector A1-A4 DDA is also offering attractive discounts of up to 25% for MIG flats in Narela Sector A1-A4. Under the ongoing “First Come, First Serve” scheme, there will be a 15% discount for the general public and a 25% discount for employees of Central Government, State Government, and Government Autonomous bodies. Located in Narela, this sector enjoys excellent connectivity, with close proximity to GT Karnal Road, Urban Extension Road-II, and the proposed metro line. The discount scheme aims to make middle-class individuals and government employees fulfill their dream of owning a decent-sized flat in the national capital. Discounts on LIG Flats in Ramgarh Colony Apart from the discounts on MIG flats, DDA is also offering a 15% discount on 246 LIG flats in Ramgarh Colony. This discount will be applicable to the price offered in the previous Special Housing Scheme 2021. The location of Ramgarh Colony is well-connected to the Jahangirpuri Metro Station, bus stop, and the main road connecting Mukarba Chowk and Azadpur. Conclusion The decision to allow private companies to purchase flats in bulk from the DDA is likely to have a positive impact on the development of private industries, educational institutions, and other sectors in Delhi. By facilitating their access to residential staff quarters and hostels, the policy is expected to spur overall growth and development in the city, particularly in emerging areas like Narela. The attractive discounts offered by DDA on MIG and LIG flats in Narela Sector A1-A4 and Ramgarh Colony further enhance the opportunity for individuals and government employees to fulfill their aspirations of owning a flat in Delhi.

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