Finally came the one big final day when DDA housing scheme draw results by announcing the names of all the winners who had applied to avail the flats located in New Delhi. Let’s just talk more about this Housing Scheme 2017 in order to get more clarity on the same. So, Delhi Development Authority way back in 2017 had opened an Awas Yojana on 30th June 2017. This scheme was linked to Credit Linked Subsidy Scheme under Pradhan Mantri Awas Yojana (PMAY)- A Housing for All initiative that envisions to provide affordable housing by 2022.

Moreover, under this particular scheme, the Government had decided to put around 12,000 flats on sale in the country’s capital. Well, the announcement of the features flats was made by the Urban Development Minister M Venkaiah Naidu, who stated that the flats were located in Rohini, Narela, Dwarka,  Pitampura, Jasola, Paschim Vihar and Vasant Kunj. However, one of the biggest USPs of these flats was the fact that DDA had removed the 5-year lock-in period clause, allowing buyers to enjoy plenty of benefits and features. With these flats, the main endeavor of the Government was to offer the affordable housing to one and all.

Furthermore, you would be glad to know that under this scheme, an eco-friendly technology was used to construct the flats in order to promote the concept of sustainable living. And, in order to ensure that every Indian can avail the benefits of the same, there is no denying the fact that DDA housing had joined the hands with eight renowned banks so that it was in the reach of all. The name of the banks includes:

  • State Bank of India (SBI)
  • ICICI Bank
  • HDFC Bank
  • Axis Bank
  • Kotak Mahindra Bank
  • Yes Bank
  • IDBI Bank
  • Central Bank of India

The winners of the scheme had the option to apply for a home loan at the banks mentioned above so as to get these flats easily. If we talk about the prices of the flats, the winners can also take the advantage of the PMAY so as to reduce their interest repayment over the course of the loan. Basically, there were three categories which were on the Government’s radar, when it comes to allotment of the flats. Yes, these flats were mainly announced for Higher Income Group (HIG), Middle Income Group (MIG) and Lower Income Group (LIG) in the wake of promoting the affordable housing concept.

Let’s just get more details of these flats in the article below… 

Details of LIG Flats

Number of Flats Allotted: 11,197

Price: ₹14.50 lakhs-30.30 lakhs

Area: 28.24-61.05 square meters

Dimensions: 1 Drawing Room, 1 Bedroom, 1 Kitchen, 1 Bathroom and a Toilet

Prevailing Interest Rate: 8.35%-9.35%

Per Lakh EMI: ₹758 – ₹830

Details of MIG Flats

Number of Flats Allotted: 404

Price: ₹43.11 lakhs-93.95 lakhs

Area: 72.28-131.68 square meters

Dimensions: 1 Drawing Room, 2 Bedrooms, 1 Kitchen, 1 Bathroom and a Toilet

Prevailing Interest Rate: 8.35%-9.35%

Per Lakh EMI: ₹758 – ₹830

Details of HIG Flats

Number of Flats Allotted: 87

Price: ₹53.52 lakh-1.26 Cr

Area: 72.43-156.61 square meters

Dimensions: 1 Drawing Room, 3 Bedrooms, 1 Kitchen, 1 Bathroom and a Toilet

Prevailing Interest Rate: 8.35%-9.35%

Per Lakh EMI: ₹758 – ₹830

Now that you know the details of these flats, it is important to take a step further and give you a sneak peak of the other parameters in the article below.

For LIG Flats, ₹1 Lakh was the amount that needs to be deposited along with the application form. In case of MIG and HIG Flats, the token amount of ₹2 Lakhs needs to be deposited first while submitting the form. And, there were various modes with the help of which this token was paid. The winners of DDA housing scheme draw results were allowed to pay the application form money online via NEFT/RTGS, NetBanking, Cheque or Demand Draft by the name of DDA Housing payable at Delhi/New Delhi.

Hope this article was worth reading for you!