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DDA Housing Scheme 2023: Registration Starts for Penthouses and Luxury Apartments

The Delhi Development Authority (DDA) has begun registration for its duplex penthouses, luxury apartments, and middle-income group (MIG) flats under the second phase of its Special Festival Housing Scheme 2023. Officials have stated that 1,130 luxury apartments and penthouses under the super high income group (SHIG) and high income group (HIG) categories are being accepted, along with 963 2BHK MIG flats.

Location of Luxury Flats and Penthouses

The luxury flats and penthouses are located in Sector 19B of the Dwarka sub-city, while the MIG flats are in Dwarka’s Sector 14 and Lok Nayak Puram, a locality in West Delhi that DDA is developing.

E-Auction for Luxury and MIG Flats

A DDA official told Moneycontrol that the luxury and MIG flats would be allotted through e-auction, with registrations having started from November 30. They are expecting a good response from prospective buyers.

Overview of Penthouses and Luxury Apartments

Only 14 penthouses are being offered in the scheme, and these will be four-bedroom duplex apartments with a plinth area of 424 square meters. These penthouses will overlook an upcoming 18-hole golf course. DDA is offering 170 super HIG flats and 946 HIG flats in the complex in Dwarka’s Sector 19B. The complex, with an estimated construction cost of Rs 700 crore, has 11 towers.

Reserve Prices for Luxury and MIG Flats

Since the SHIG flats and penthouses will be allotted through an e-auction, the reserve prices will start from Rs 5 crore and Rs 2.5 crore, respectively. The HIG apartments will be priced from about Rs 1.4 crore. The reserve prices of MIG flats are likely to range from around Rs 1 crore.

Features of Penthouses and Luxury Apartments

According to officials, the penthouses will also have terrace gardens. The housing luxury complex will have larger-than-usual green spaces. Potential buyers will be given 20 days to visit the property they wish to buy after registering on the DDA portal.

How to Apply for DDA Housing Scheme 2023

Applications for the luxury segment will be accepted only through the online mode via the DDA website www.dda.gov.in. The allotment and handing over of possession of the flats will also be done online. Interested applicants can visit the website and log in using their PAN and other details to apply for the scheme.


Orginal article: Link To Article – provided by Kansas City Realtors