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Tata Capital > Blog > Loan for Home > Top Locations to Look for Flats under DDA Housing Scheme 2023

Loan for Home

Top Locations to Look for Flats under DDA Housing Scheme 2023

Top Locations to Look for Flats under DDA Housing Scheme 2023

Looking to buy a luxury home in Delhi? Well, you’re in luck! Delhi Development Authority (DDA), in January, announced the much-awaited return of DDA housing scheme 2023. Under this scheme, it will allot penthouses and luxury flats in 14-storey buildings, with best-in-class finishing and terrace gardens. Sounds dreamy, right?

A total of 1,354 flats will be assigned to applicants belonging to the MIG (Middle Income Group) and HIG (Higher-income group) category. Under this scheme, first-time homebuyers can get home loan interest rate subsidies up to 4% per annum. However, you have to make sure that you don’t already own a house in Delhi. Also, ensure that your spouse or dependent children don’t own a flat exceeding 700 Sq. Ft.

With the technicalities out of the way, here are some top locations in Delhi to look for apartments under the DDA flat scheme 2023.

Vasant Kunj

A world in itself, Vasant Kunj is one of the most sought-after localities in Delhi and has a right mix of commercial and residential buildings.

The best part about Vasant Kunj is its connectivity. This locality is not only near to the airport (5.6km) but is also conveniently accessible from all other places of Delhi, courtesy of the Delhi Metro.

Moreover, this suburb houses the esteemed Jawaharlal Nehru University (JNU), along with many government offices and hospitals. The area is also blessed with several restaurants and malls, making it easy to have a fun weekend. Presently, DDA has allotted a total of 18 flats in Vasant Kunj under the housing scheme.

Additional Read: Home Loan in Delhi

Dwarka

Located in South Delhi, Dwarka features a mix-land use concept, wherein 80% of the area is used for residential buildings and 20% for commercial buildings. This locality is also Asia’s largest residential suburb.

In terms of connectivity, Dwarka is well-connected to the airport, and other parts of the city through the metro. Clubs, malls, restaurants, and hotels are also available in abundance.

With 742 flats, Dwarka has taken for itself the largest share of apartments allotted under the DDA scheme.

Additional Read: DDA Flats Housing Scheme for Aspiring Home Buyers

Rohini

Divided into more than 50 sectors, this residential sub-city is a serious contender to Dwarka. Its popularity as a residential neighbourhood has been growing thanks to the developing infrastructure and good connectivity. Most residential societies and apartment buildings in Rohini have top-notch amenities.

DDA has allotted 63 flats in Rohini, suitable for both LIG (Lowen income group) and MIG (Middle-income group) applicants.

Additional Read: Application procedure for DDA flat allotment scheme

In conclusion

Are you looking for an affordable home loan to purchase a property under the DDA Housing Scheme? If yes, turn to Tata capital. With us, you get the best interest rates, along with flexible tenures and convenient repayment options. What’s more, our home loan eligibility criteria is not hard to meet, making it easier for you to get your loan approved.

You can also use a home loan EMI calculator available on our website to measure your potential monthly installments before you choose to take housing finance from us.

To know more, visit our website today!

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