The Delhi Development Authority approved an amendment to its housing regulations to enable people to buy houses even if they previously owned a flat or plot anywhere in Delhi.
As per DDA’s housing regulations, only a person with a plot of less than 67 square metres in the city was allowed to apply for the allotment of a newly constructed flat offered under its schemes. The previous regulations also allowed the purchase of flats in developing areas, where more than 25% of the flats remained unsold for a long time. However, to provide an opportunity for all homebuyers to participate in DDA’s new housing scheme, the authority decided to approve the amendment.
Due to the authority’s prohibition that restricts home owners from purchasing properties from the DDA, the DDA has difficulty selling land to potential home buyers in the capital. The land authority acknowledged in the meeting that this resulted in a build-up inventory of flats that accumulated year after year and a deficit of demand for DDA flats.
It has been observed that restrictions imposed by the regulation have affected sales of DDA flats from the demand side in terms of the inability to sell flats to those who own a flat or plot in Delhi, due to increased family sizes, even though they may be willing and have purchasing power to buy the flat.
