HUDA Houses 60% Cheaper Than DDA’s – The Economic Times – 12-Nov-2014
November 12, 2014 - Uncategorized
Even as more than 10 lakh applicants continue to wait for the lucky draw results for 25,000 housing units Delhi Development Authority (DDA) housing scheme, real estate experts feel there is no need for despair for those who miss the opportunity. For, there are more affordable and attractive options in vicinity to the DDA dwelling units, particularly by the Haryana Urban Development Authority (HUDA).
“A DDA unit at the rate of Rs 6,000 to 7,000 sq ft in locations like Najafgarh, Narela ..
HUDA’s scheme is offering housing units at the rate of Rs 3,600-4,000 per sq ft in NCR locations like Gurgaon, Sohna Road, Sonipat, Faridabad and Palwal. Yet another factor that goes in favour of HUDA is the resale of a property.
“While in DDA flats, an allottee cannot sell his or her unit before five years after possession, the HUDA flats can be resold one year after the possession,” said Navin Raheja, chairman of the National Real Estate Development Council (NAREDCO).