Delhi’s real estate market is getting a boost. The Delhi Development Authority (DDA) lowered fees for combining properties. They also introduced a new housing plan. These steps aim to keep investors in Delhi. They also want to encourage city growth.
South Delhi holds significant redevelopment promise. Forty-two colonies overseen by the MCD have an estimated value of 5.65 lakh crore.
Commercial property fees are now much lower. The DDA reduced amalgamation charges from ten percent to just one percent of the circle rate.
Commercial property auctions will also be more attractive. The multiplication factor dropped from two times the circle rate to 1.5 times.
This policy shift is designed to draw more real estate investment. The DDA made these changes to make Delhi more competitive. Other NCR cities like Noida and Gurugram had lower fees. This made Delhi less appealing to developers.
The DDA also approved changes for Narela. An education hub and a sports stadium are planned there. A discount on bulk flat purchases for government buyers in Narela was also approved.
The Premium Housing Scheme 2025 is now live. It offers apartments in desirable Delhi areas. These include Vasant Kunj, Rohini, Dwarka, and Pitampura. Buyers can use e-auctions.
Residents of Signature View Apartment will get rent support. This will happen during their building’s reconstruction. Their well-being is being considered.
These efforts show the DDA’s strategy. They are listening to industry feedback. They are simplifying rules. They want Delhi to be a better place for business and living.