Delhi Development Authority (DDA), an autonomous body under the aegis of the Ministry of Housing and Urban Affairs, is now venturing into luxury housing.
Subhasish Panda, Vice Chairman, DDA said that "it is the first time DDA is introducing the luxury end of housing. So far, DDA has always been into affordable housing. After building affordable housing all across the city, the high-end housing will be a step towards providing housing for all kinds of clients across Delhi."
Panda says that the authority felt the need to enter the luxury housing segment as the residents of Delhi have been looking to buy luxury houses built by a government authority. According to Panda, the new project will be a combination of luxury apartments, including penthouses.
The project has HIG apartments priced at around Rs 2 crore, HIG plus at around Rs 2.5 crore, and the penthouses are about Rs 5 crore. The bidding will start on January 5, 2024.
DDA will be offering three categories of flats under this project: First is the penthouse; there are 14 of them. The second is the super HIG, which has four bedrooms and one special room for domestic help, and the third is the three-bedroom category, the HIG. All three categories have 2,093 flats, which will be bid out. The maximum number of flats is 946 in the HIG category.
