Key Points
Private companies can now buy DDA flats in bulk and use it as hostel or staff quarter as the Delhi Development Authority (DDA) had amended the DDA (Management and Disposal of Housing Estate) Regulations, 1968...
In the authority meeting on Tuesday, DDA has allowed participation of non-governmental legal entities to purchase built up properties in bulk offered by it...
Any private entity with a registered office or campus in Delhi/ NCR region can now purchase residential flats of DDA in bulk for use as residential staff quarters, hostel among others..
Such a policy will enable the growth and development of private industrial, educational and other sectors in upcoming areas like Narela leading to the overall development of the city, DDA said in a statement...
State Government and Government Autonomous bodies would be offered as an incentive for more than 440 flats at Sector A1-A4, Narela in the ongoing FCFS scheme...
