DDA to offer luxury houses for the first time; priced between ₹2–5 crore

According to Panda, the “new project will be a combination of luxury apartments, including penthouses.”

The project has HIG apartments priced at around ₹2 crore, HIG plus at around ₹2.5 crore, and the penthouses are about ₹5 crore, Panda said.

The bidding will start on January 5, 2024, Panda added.

On why people will prefer a DDA luxury apartment against those built by private developers, Panda said, “People should prefer DDA over a private player as we are not at a conceptual stage and the project is almost at the completion stage. In a matter of a few months, we would be able to deliver houses to new owners.”

Second, DDA is backed by the government, and banks have a lot of trust in the pricing we are offering. So loans will be easily made available to potential buyers.

Third, the location of these luxury apartments is right opposite the new 18-hole golf course coming up in Dwarka sub-city. The apartments overlook the golf course, and the design of the new development is excellent.

Not just this, built on the latest Mivan technology, Panda is confident that “all these new developments of DDA have been constructed with the latest technology” will be much preferred by buyers.

Panda added, “The space/carpet area is huge as compared to the area one gets for this price in a private sector developed apartment.”

DDA will be offering three categories of flats under this project: "First is the penthouse; there are 14 of them. The second is the super HIG, which has four bedrooms and one special room for domestic help, and the third is the three-bedroom category, the HIG. All three categories have 2,093 flats, which will be bid out. The maximum number of flats is 946 in the HIG category,” Panda explained.

Apart from this, two other projects will be bid out by DDA, which would include the “MIG category at Dwarka Sector 14 and also in Lok Nayak Puram, and these are 900 flats,” Panda added.

But will this be the only luxury housing project that DDA will build, or is DDA looking at exiting affordable housing?

Panda says, “DDA looks forward to continuing to create more such spaces in the luxury segment. Having said that, affordable housing will continue to be the forte of the DDA. Considering that there is a need for both, we will go for a mix of both affordable and luxury housing in the coming future.”