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Housing and Real Estate:Govt Housing:

Bank Officers Housing Society for DDA L-Zone Dwarka(New Delhi) Smart City, EOI for Membership

By: Amit, Place: New Delhi,  Update:24 Oct 2015

Bank Officers Housing Welfare Society is under process of registration for construction of their flat in DDA L-Zone, Dwarka (New Delhi) under DDA’s land pooling policy.


Delhi Development Authority is going to implement DDA Land Pooling Policy under which housing societies, developers and land owners can submit their land to DDA and DDA will re-handover 48% to 60% land to land owner or developer or housing societies after developing the land for construction of apartments.


The Officers of various banks approached us for co-ordinating their move, then is assisting in formation of Housing Society and making awareness amongst bank employees.


By getting membership of this housing society bank employees can avail Life time opportunity to own house in New Delhi (L-Zone) at the rate of Rs. 3,200/- per Sq ft. Approx (excluding EDC/IDC) on "No Profit No Loss Basis. Whereas builders are booking flat @ Rs.4,500 to Rs.5,000 per sq ft.


From security point of amount invested The Housing Society flat booking is more secured than builders’ flats. In case of Housing Society the all members who have paid land cost have proportionate right on land. But in case of builder‘s flat booking ,there is no such security of their paid amount . The cost of builders flat is more than twenty percent compared to society member flat.


If your participation is accepted, the members have to deposit cost of land @ Rs.1200 per sq ft within 90 days for registration of land. The members who will pay full land cost will have right on land on pro rata basis. The project will be bankable after purchase of land and then members can avail bank loan for construction cost, where land cost will be treated as margin.


If you are a banker or govt officer may submit an Expression of Interest for getting membership here upto 31.10.2015.


Click to Submit your Expression of Interest (EOI) for Membership for booking of flats under DDA Land Pooling Policy Society flat in L-Zone Dwarka( New Delhi)


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