2016 DDA Housing Scheme is great news for realty investors

The national capital of Delhi depends on the all important DDA, Delhi Development Authority, for its growth and development needs and the DDA never disappoints. This latest move by DDA is all set to bring a smile back to the face of all the people who missed out in DDAs last outing. DDA is on its way to launching its all new housing scheme in the year 2016. A whopping 40000 flats are expected to be offered under the scheme to public by next year end. Of these approximately 24660 flats will be allotted under the category of LIG – lower income group category.

This game changing DDA housing scheme of 2016 is expected to extend flats in Kalkaji, Dwarka, Rohini, and Narela amongst others areas of Delhi. Thus this housing scheme is a great opportunity for end users and investors of real estate alike. DDA has confirmed that flats which will be provided under the 2016 scheme are already being constructed at a fierce speed. The construction is thus rightly expected to be completed by December of this year while they are expected to be offered to public by December of next year that is 2016.

Approximately half of the flats constructed will be under the EWS category that is economically weaker sections, while the rest will fall under the 1, 2 and 3 BHK apartment layouts. Therefore this 2016 DDA scheme comes as a major improvement over the earlier schemes by DDA as they extended only 1BHK variants to the allotees. This new DDA policy will lead to some much needed surge in the real estate market of Delhi.

Also all the apartments build under the 2016 DDA housing scheme will be constructed under the green building concept. All these structures will be built keeping the protection of environment in mind. Features like rain water harvesting, solar power generation and solar water heating will be an integral part of each and every structure without exception. So the fact that these ‘Green Buildings’ proposed by DDA are already the talk of the town comes as no surprise at all. And as far as the prices of the units under the schemes are concerned, they are most likely to witness a hike in the range of 15 to 20% over its 2014 edition.

Also there have been many cases where the commercial banks have failed to refund the money to unsuccessful DDA applicants. But in order to curb this menace in the 2016 scheme, DDA has gone down hard on all the affiliated commercial banks. It has warned banks that if such a case emerges this time around as well than it will pull all the benefits that it usually extends to a bank.

So the realty arena of the national capital of Delhi is all set for a revival. Thus all the vigilant, wise and prudent realty investors should be agile and invest in the right property at the right time. Delhi-NCR is certainly a force next to impossible to stop.

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