DDA Flats in Vasant Kunj are a budget option to the extremely expensive realty in South Delhi. Areas in South Delhi including Vasant Kunj, Lajpat Nagar, R K Puram, Greater Kailash, C R Park, Defence Colony, Safdarjung Enclave etc. have property prices touching rates unaffordable to most families in Delhi. With announcements of upcoming projects in LIG and MIG DDA Flats in Vasant Kunj, the lower and middle income families can think of buying a house within the posh South Delhi.
DDA or Delhi Development Authority has announced 6000 flats to be available to the public in North and South West Delhi. There would be one and two-bedroom flats with different sets of carpet area. The DDA Flats prices in Vasant Kunj would vary between Rs 15-22 Lakhs depending on the location of the housing scheme and the carpet area planned. The launch of the DDA Housing Scheme would be announced in the months of July or August 2008.
As compared to the ongoing real estate market rates in Delhi, this housing scheme concerning DDA Flats in Delhi would offer highly affordable LIG and MIG Flats. As the DDA announces invitation for applications for the housing scheme, the project would climb the intrigue charts. Registration amount of Rs. 1.5 Lakhs would be charged for the DDA Vasant Kunj Flats and the allotments would be made on the basis of lottery system through the DDA Draw .
This housing scheme by DDA is touted to be the biggest one since the DDA 2004 Housing Scheme. In 2006, the Scheme announced by DDA for 3,500 flats in areas like Motia Khan, Sarita Vihar and Dwarka saw a record number of more than 1.9 Lakh applications. One can expect an even larger turnout this time with the DDA Flats prices in Vasant Kunj being far less compared to the Market rates.
For further updates and also to gather info on the availability of application forms etc., refer to the DDA official website mentioned here.
Website:http://www.dda.org.in/