When is DDA Housing Scheme 2018 going to happen for real?

When is DDA Housing Scheme 2018 going to happen for real?

If you have been active around DDA 2018 news, you would know that this year the application status has been quite slow. The reasons could be many and one of them is lack of response from the people. Delhi Development Authority launches apartments every year but sadly the response of 2017 DDA flats was not good.

The reason was that the allotted flats were not well furnished and there were other reasons as well such as small spaces. This year, DDA flats 2018 have been made by considering the response of 2017. So, the flats are well furnished with basic facilities provided from the beginning.

DDA Flats 2018 A total no of 20,980 flats are being offered out of which 3622 are for Janata or EWS (economically weaker sections), 16,298 for LIG (low-income group) flats, 579 for MIG (middle-income group) and 488 for HIG (high-income group) houses.

Who are eligible for DDA 2018?

The applicants must match the following criteria: ● Must be citizen of India ● Should have attained the age of 18 years ● Must not own any residential house or plot in full or in part, on leasehold/freehold basis in New Delhi, Delhi or Delhi cantonment, either in his/her own name or in the name of his/her wife/husband/minor dependent children ● Jointly owned plot or land under the residential house is less than 66.9 square meters, he/she can apply under any of the schemes ● A person who has already been allotted a house/flat constructed by DDA or any other land/owning agency even if it is less then 66.9 sq meters, is not eligible for allotment under any of the schemes of DDA.

To buy a house either through lucky draw of DDA or from a builder, you need money. If you have it, you can surely purchase that property. But, most of the people instead take a loan to purchase a house. For that, you can consider a suitable lender. You can compare interest rates of home loans. Since DDA flats are government authorized, you will have no problem in getting the approval. You only need to check the rates and whether or not you have the documents required for it. You must have income proof as one of the documents because most of the lenders do not accept home loan applications without income proof.

Even if some NBFCs may consider your applications but the rates will be a little higher. Also, PMAY is available till March 2019 so you can see if you are eligible for interest subsidy under that criteria or not. Below is a list of top housing finance companies in India where you can apply for a home loan.

1. State Bank of India (SBI) 2. HDFC Ltd. 3. PNB HFL. 4. LIC Housing Finance Ltd. 5. Bank of Baroda (BoB) 6. Axis Bank 7. ICICI Bank 8. Indiabulls 9. IndusInd 10.Bajaj Finance You can check home loan interest rates at these lenders and then plan DDAhousing scheme and be free from a rented house.