DDA to Construct 1,550 Studio Apartments for Retired Govt. Employees in Dwaraka

Delhi Development Authority is planning to come up with a new housing project for retired government employees. The DDA has joined hands with the Indian Navy to develop and an old-age home for retired government employees. In this new housing project, DDA will develop 1,550 studio apartments at the cost of Rs 462-crore in Sector-16 Dwaraka.

According to the officials, the new housing project will be developed for retired government employees, where the old-age people can live with dignity after retirement. In this project, a retired government employ can rent an apartment for a lifetime by paying Rs 10 lakh and a monthly maintenance.

DDA will build this complex with all elder-friendly facilities. The Vice-Chairman DDA Arun Goel said that there are several government agencies which can explore this option.

According to the project, the each apartment will be in the size of 550 sq ft while an apartment will be available at the cost of Rs 2.2 lakh, of which Rs 20,000 will be a non-refundable registration fee and the remaining amount will be collected once the flats are ready.

An official said that each allottee will have to pay an additional Rs 10,000 every month–Rs 3,000 as maintenance charges and Rs 7,000 to DDA to partially meet the cost of construction

However, the actual cost of land is 180 crore while DDA will spend Rs 282 crore on the construction. DDA will develop total 1,550 studio apartments for retired government employees. Of these, 200 will be given to the Navy and the remaining will be distributed among retired central and state government employees, other armed forces, teaching faculty of government colleges and universities, and DDA employees of certain pay scales.

An official said that these apartments will be allotted to with lifelong tenancy rights. If the allottee dies, the spouse can use the unit during his/her lifetime. According to the norms, the allottee will not be allowed to transfer or sell the unit and the ownership will always remain with DDA that will reallot the unit according to the waiting list.

The complex is completely designed elderly friendly architectural features such as an anti-skid floor, handrails and ramps. The complex will have Metro connectivity and will be completely self-sufficient with retail, recreational and healthcare facilities.

News Source: http://realty.economictimes.indiatimes.com/news/regulatory/dda-plans-to-build-1550-studio-apartments-for-retired-govt-employees-in-dwarka/54160982

DDA Any Information: DDA Housing Scheme

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