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Housing ministry, Real Estate News, ET RealEstate

Housing ministry, Real Estate News, ET RealEstate
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NEW DELHI: Nearly 27% of the flats offered by Delhi Development Authority (DDA) through housing schemes launched since 2014 have been returned, surrendered or remained unsold, the housing and urban affairs ministry informed the Rajya Sabha on Monday. It said that 79% of the total surrendered flats are located in the newly-developed Narela sub-city.

In a written reply, junior housing minister Kaushal Kishore said the DDA has informed the ministry that out of 56,932 flats offered by it since 2014, about 15,500 flats have either been surrendered by the allottees or have remained unsold. He said the DDA sought feedback and suggestions from the allottees and residents for reasons of surrender or cancellation of allotted flats.

The reasons cited include: flats are located in remote areas; cost of flats is on higher side; non-availability of Metro connectivity and small size of the flats.

“In order to improve saleability of these flats, DDA has undertaken various remedial measures including improvement of transport infrastructure, construction of Urban Extension Road-II and some concession to the purchasers,” the minister said.


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