HomeNewsBusinessReal EstateCourse correction? DDA to offer quake-resistant, spacious flats in its 2018 housing scheme

Course correction? DDA to offer quake-resistant, spacious flats in its 2018 housing scheme

In a bid to win competition over from private builders in NCR, Delhi Development Housing Authority (DDA) this time is offering Higher Income Groups Flats equipped with premium features

July 17, 2017 / 14:38 IST
Story continues below Advertisement
IRB Infrastructure Developers  | In 2020 so far, the share price has moved up 76 percent to Rs 131.20. It's trailing twelve months (TTM) P/E was 6.40 multiple while 5-year average P/E was 8.30 multiple.
IRB Infrastructure Developers  | In 2020 so far, the share price has moved up 76 percent to Rs 131.20. It's trailing twelve months (TTM) P/E was 6.40 multiple while 5-year average P/E was 8.30 multiple.

Moneycontrol News 

In a bid to reposition itself in the market, the Delhi Development Authority (DDA) is now offering features such as rainwater harvesting, earthquake-resistance and spacious bedrooms in its housing scheme for 2018, as per a report in the Hindustan Times.

Story continues below Advertisement

The move comes after buyers had returned as many as 8,500 flats out of 25,000 flats on offer in the 2014 housing scheme because of less spacious rooms and lack of infrastructure among other reasons. The returned flats, mostly in Dwarka, Rohini and Narela have been put up for sale again in the recently introduced 2017 housing scheme.

The new High Income Group flats, about 215 in number, with premium safety features will be developed in south east Delhi’s Jasola Vihar area.