DDA new housing scheme
If You Miss Out On DDA, Try NBCC,Will Soon Launch A Scheme For 2,000-2,500 Houses In South Delhi
If you fail to get a flat in the current DDA housing scheme, don't lose heart. National Building Construction Corporation, the largest public sector construction company, will soon launch a scheme for 2,000-2,500 houses in south Delhi, near Mehrauli.
For those who dream of a house in the city, the scheme is a winner as the flats which will come up in an area of about 30-35 acres near Mehrauli, will be available at prices much lower than the prevailing market rate.
NBCC, which is set to announce the project by the year-end, is also working on housing projects in Gurgaon and Greater Noida.
Preliminary estimates suggest that a two-bedroom flat would cost around Rs 20 lakh, a three-bedroom flat around Rs 30 lakh and four-bedroom flat around Rs 40 lakh.
``NBCC is going to sell these properties at cheaper rates than private sector builders at the same locations,'' said Arup Roy Choudhury, chairman and managing director of NBCC. Besides, ``the plan is to construct affordable houses in the NCR region in the near future''.
According to company officials, all the housing projects will have a mix of commercial and residential properties which will help in cross-subsidizing housing units.
The details of Gurgaon and Greater Noida projects are still being worked out and the company's negotiations with the state governments and private players for acquiring land are at an advanced stage, an official said.
NBCC, upbeat with real estate's contribution of Rs 376 crore to its total income of Rs 2,025 crore and net profit of Rs 280 crore, now plans to enter the all-India market.
Apart from Delhi and NCR, the company has taken up projects in Kolkata and the north-east and is considering projects in Visakhapatnam, Kochi and Chennai.
If you fail to get a flat in the current DDA housing scheme, don't lose heart. National Building Construction Corporation, the largest public sector construction company, will soon launch a scheme for 2,000-2,500 houses in south Delhi, near Mehrauli.
For those who dream of a house in the city, the scheme is a winner as the flats which will come up in an area of about 30-35 acres near Mehrauli, will be available at prices much lower than the prevailing market rate.
NBCC, which is set to announce the project by the year-end, is also working on housing projects in Gurgaon and Greater Noida.
Preliminary estimates suggest that a two-bedroom flat would cost around Rs 20 lakh, a three-bedroom flat around Rs 30 lakh and four-bedroom flat around Rs 40 lakh.
``NBCC is going to sell these properties at cheaper rates than private sector builders at the same locations,'' said Arup Roy Choudhury, chairman and managing director of NBCC. Besides, ``the plan is to construct affordable houses in the NCR region in the near future''.
According to company officials, all the housing projects will have a mix of commercial and residential properties which will help in cross-subsidizing housing units.
The details of Gurgaon and Greater Noida projects are still being worked out and the company's negotiations with the state governments and private players for acquiring land are at an advanced stage, an official said.
NBCC, upbeat with real estate's contribution of Rs 376 crore to its total income of Rs 2,025 crore and net profit of Rs 280 crore, now plans to enter the all-India market.
Apart from Delhi and NCR, the company has taken up projects in Kolkata and the north-east and is considering projects in Visakhapatnam, Kochi and Chennai.