What are DDJAY Plots in Gurgaon?
biiut.com/read-blog/78318_what-are-ddjay-plots-in-gurgaon.html
DDJAY plot is a commonly used term for real estate sector in Gurgaon. DDJAY is an abbreviation used for Deen Dayal Jan Awas Yojana.
DDJAY plot is a commonly used term for real estate sector in Gurgaon. DDJAY is an abbreviation used for Deen Dayal Jan Awas Yojana. It is a housing scheme initiated by the Haryana Government. The DDJAY plots in Gurgaon are the plots that are available for sale as per this scheme. In this article, we will understand about this scheme and how does it benefit public at large.
What is DDJAY?
Deen Dayal Jan AwasYojna is an initiative of Haryana government to encourage the development of “high density plotted colonies” in Low and Medium Potential towns of Haryana through a liberal policy framework. This policy aims to put a check on mushrooming of unauthorized colonies in these towns and simultaneously achieve the target of ‘Housing For All -2022’. It aims to provide affordable Plots for sale in Dharuhera and other parts of Haryana.
To encourage the development of such colonies by private colonizers, the rates of license fee and external development charges have been substantially reduced, while the conversion (CLU) charges and infrastructure development charges have been waived off
Benefits for buyers under Deen Dayal Jan Awas Yojna
Buyers have the freedom to purchase freehold, loanable and litigation free plots under this scheme. First time home buyers are also eligible for interest benefit of upto 2.35 lacs under credit linked interest subsidy scheme known as Pradhan Mantri Jan Awas Yojna (PMAY) of the government.
Under DDJAY scheme, developers can register four independent floors on DDJAY plots in Gurgaon with the provision of stilt parking and lift.
Each floor is eligible for separate registry and therefore separate bank loans can be taken for each floor. The total FAR on each plot makes for 2.68.
Under DDJAY scheme, only 50% of plots can be allotted before their development. Reaming 50% plots are only allowed for allotment or sale after completion of township or after obtaining the completion certificate from the Director Town and Country Panning, Haryana Govt.(DTCP).
The developer or the colonizer has to transfer 10% area of the licensed colony to the government for the development and upkeep of community facilities.
The town planning scheme under DDJAY is allowed only in residential zones of towns as mentioned in the master development plans.
After 90 days of application, the CLU will be approved
The maximum allowed area of the plot size under DDJAY is 150 sq.mt. (180 sqyards). Also the maximum and minimum density per acre is 240 and 400 people respectively
Under DDJAY, for the medium potential towns, the license fee will be levied at a rate of Rs 1 lac per acre and Rs, 10,000 per acre in case of low potential towns. High and Hyper potential zones EDC charges will be same as under normal plotted townships. In case of Sohna, the EDC charges are around Rs 90 Lacs per Acre. The developer or the colonizer is responsible to sell licensed area in two phases. After the completion of internal development work of the complete township, the 50% licensed area can be sold. For this, the colonizer is required to mortgage 15% of saleable area.
The colonizer is required to transfer 10% of the licensed area to the government for the development of the community facilities. It is mandatory for all the developers to complete the housing projects within 7 years of the grant of the license.
All the flats developed under DEEN Dayal Jan Awas Yojna are built by the private housing construction companies under the supervision of state government. DDJAY scheme will certainly reduce the increase in unauthorized colonies in the state.
Allotment under DDJAY scheme is done under first cum first basis unlike other affordable housing scheme where draw of lots is conducted.
Conclusion
In order to encourage development of these colonies by private colonizers, the external development charges and rates of license fee have been reduced greatly, while the infrastructure development and the conversion charges have been removed. You will find DDJAY Plots for sale in Dharuhera by trustworthy real-estate giants like M2K.
M2K India
