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DDA goes premium, to offer penthouses

Delhi Development Authority (DDA) is all set to venture into luxurious housing, a phase reserved until now for private builders. The authority, for the primary time, will offer absolutely furnished penthouses, complete with terrace gardens and luxe fittings, at Dwarka’s sector 19B in southwest Delhi.

That’s now not all. DDA will even offer “tremendous HIG (higher income group)” apartments in the similar complicated, which can handiest have luxurious residences. The complicated would have 11 residential towers with 1,114 apartments, comprising 14 penthouses, 168 tremendous HIG apartments and 932 HIG apartments.

These residences are likely to be offered in DDA’s next housing scheme in 2020. DDA’s present scheme of 2019, which has just about 18,000 apartments on offer, also has an unprecedentedly excessive number of HIG apartments – 336. It is the most expensive DDA scheme ever with HIG apartments in Vasant Kunj being offered for Rs 1.4-1.7 crore.

“We construct apartments on a no profit, no loss foundation but HIG apartments particularly are dearer for the reason that cash earned from there may be used to subsidise housing for the economically weaker sections. Even then, the apartments are offered less expensive than the marketplace rate,” a senior DDA legit mentioned.

DDA hopes to fund reasonably priced housing from top rate flat sale

Officials mentioned the top rate apartments that the authority will offer in Dwarka will assist it fund more reasonably priced housing in the city.

The penthouses, which DDA is construction for the primary time, shall be duplex and completely furnished and have integrated terrace gardens, luxurious fittings and different facilities, officers mentioned. While the penthouses can have four bedrooms, DDA will even offer tremendous HIG apartments, which might have 3 bedrooms with connected bogs in every and servant quarters. DDA claims that its apartments in Dwarka Sector 19B will rival any highend flat or penthouse constructed by non-public builders.

DDA is known for its reasonably priced properties in the lower income group (LIG) and heart income group (MIG) categories. Although it has constructed HIG apartments earlier, this would be the first time that it's going to offer high-end apartments in such large numbers.

“We have a complete 65,000 apartments underneath different levels of development across the capital. Out of these, just about 18,000 apartments that are able are being offered in the 2019 housing scheme,” the legit mentioned.

“We nonetheless have 48,000 underconstruction apartments and a lot of these would be completed inside the next two years. The apartments that would be able by next yr, would be offered as a part of housing scheme 2020 and the penthouses and HIG apartments in Dwarka are also expected to be completed by this yearend and would be offered in the next housing scheme,” he mentioned.

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