The Delhi Development Authority (DDA) has approved the launch of a “Premium Housing Scheme 2025” and introduced significant reforms aimed at revitalizing the capital’s commercial real estate sector. These pivotal decisions, made during a meeting chaired by the Lieutenant Governor on Friday, are set to enhance urban development and stimulate economic growth in the city.
The “Premium Housing Scheme 2025” will offer 177 residential flats, including those for High Income Group (HIG), Middle Income Group (MIG), and Low Income Group (LIG), alongside 67 car and scooter garages. These units are strategically located in prime areas such as Vasant Kunj, Dwarka, Rohini, Pitampura, Jasola, and Ashoka Pahari, and will be sold through an e-auction process.
In a major policy shift to promote investment and employment, the DDA significantly reduced amalgamation charges for commercial properties from 10% to just 1% of the circle rate. Additionally, the multiplication factor for auctioning commercial properties was lowered from twice the circle rate to 1.5 times. A DDA spokesperson noted that these reforms are the first time industry views have been deeply integrated into DDA policy, aimed at preventing commercial development from migrating to neighboring cities in the National Capital Region.
Furthermore, the DDA approved crucial land use changes in Narela to foster comprehensive development. Plans include establishing an education hub with universities, alongside a multi-sports integrated stadium and sports complex. To encourage public sector participation in housing, a discount scheme was approved for government departments and universities purchasing a minimum of 10 unsold flats in Narela, mirroring the discounts offered under the ‘Apna Ghar Awaas Yojana 2025’ for the general public.
These strategic approvals reflect the DDA’s commitment to fostering planned, sustainable urban growth. By streamlining regulations and diversifying housing options, the authority aims to create a more vibrant, equitable, and economically competitive urban landscape for all Delhi citizens.
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