Monday, March 8, 2010

Delhi Development Authority Housing Scheme

Because of having skyscraping price of Delhi property it has become almost impossible for a person to find home(s) within this city i.e. Delhi and the reason for this is – Non-affordable cost of property. And alternatively people have to choose accommodation on rent in Delhi instead of having own houses or they wait for the housing projects scheme that assure an accommodation at a reasonable and affordable cost. Here it come the requirement of Delhi Development Authority or DDA housing project that provides houses at a reasonable rates and in different authorized locality.

DDA Housing project is a lottery system where allocations of houses are done through lucky draw system. This scheme is suitable for the situation where demand is more than the supply of property. A large number of applicant fill the form for this project and most of the applicants are selected through lucky draw system. The ownership of such houses becomes tremendously simple with the existence of different finance options being made available by most of the current housing projects in Delhi in association with leading banks and finance institutions.
 get details about New projects in noida.
DDA offer free plots for commercial as well as residential constructions in Delhi. Residential sector contains of flats, apartments, serviced apartments, bungalows, penthouses and townships. And commercial sector includes office spaces, shopping complex etc .The allotted houses under DDA Housing Project can be used for residential purpose or re-sale the same at a higher cost. Generally it is found that most of the allotted houses are bought by different property agents and they further sale that accommodation and earn huge profit or rent out the same to those who are in need of that.

Therefore one should always try his/her luck in DDA Housing project to get a chance of having accommodation in authorized area at a very low and affordable price.

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