NEW DELHI, 13 March (H.S.) : Following the establishment of the new government, the DDA

has introduced a new policy permitting private developers to sell EWS flats

through its platform. Under this arrangement, the DDA will charge a 1%

commission on each flat sold by the builders, who will also benefit from a 15%

increase in the floor area ratio (FAR).

The aspiration of individuals seeking to purchase a home in

the capital city of Delhi may soon become a reality. The Delhi Development

Authority (DDA) is set to expand its offerings by not only selling its own

flats but also those constructed by private developers. This development could

have an impact on pricing.

In alignment with Prime Minister Narendra Modi's initiative

of 'Housing for All,' the DDA has implemented a new policy. This policy permits

private builders to market Economically Weaker Section (EWS) flats through the

DDA. Through this initiative, the DDA will oversee the housing scheme, handle

the applications, and carry out the allotment draw. Additionally, the DDA will

be instrumental in determining the pricing of the flats.

Under the new policy, DDA

will charge 1% commission from builders for every flat. In return, builders

will get 15% additional floor area ratio (FAR), which will allow them to expand

their construction area.

Under the newly implemented policy, the Delhi Development

Authority (DDA) will impose a 1% commission on builders for each flat

constructed. In exchange, builders will be granted a 15% increase in the floor

area ratio (FAR), enabling them to enhance their construction space. A circular

released by the Deputy Director (Public) Housing specifies that this policy

pertains to housing developments on both private and DDA-acquired land.

This initiative falls under clause 4.4.3 (B) Five –

Residential Plot – Group Housing of the Delhi Master Plan 2021. As per the

policy, builders who construct 50% economically weaker section (EWS) flats will

qualify for the 15% additional FAR. Furthermore, they may seek assistance from

the DDA by submitting an application to market these flats.

Hindusthan Samachar / Meenakshi Bhattacharya