Prime Minister introduced the Deen Dayal Jan Awas Yojna (DDJAY)(PMAY), an affordable housing initiative in Delhi/NCR, on November 1st, the day of the state’s golden jubilee of Haryana, Purchasing Deen Dayal Jan Awas Yojana (DDJAY) plots is a wise and safe choice that offers substantial profits with little risk.
These completed properties have appealing amenities, and the Delhi/NCR DDJAY policy permits separate registration and a simple process for adding more floors. With all of these advantages, DDJAY plots are an excellent choice for comfortable living, a restful vacation spot, or a lucrative source of revenue should you choose to add more floors for sale or rental income.
Delhi/NCR especially the Haryana government primarily focused on 2 lakh affordable housing units and developing residential townships spreading over a land area covering a minimum of 5 Acres of land and a maximum of 15 acres of land. Thus, the main reason for introducing this policy is to promote the development of high-density plotted colonies in low and medium-potential towns such that everyone can acquire the satisfaction of owning a roof and land of their own in an urban location of the city within the means of their pocket.
Key Features and Highlights:
This visionary scheme offers a myriad of benefits for aspiring homeowners. Here are some key highlights:
Maximum Plot Area: The maximum plot area set under DDJAY is 150 sq/meters, with 30% of the city’s residential area earmarked for the development of these plotted colonies in Delhi/NCR .
Project Specifications: Colonies under this policy must cover a minimum area of 5 acres and a maximum of 15 acres.
Licensing Criteria: Licenses are granted with consideration to the 20% group housing area limit. Once this limit is reached, an additional 10% can be allocated under the residential zone.
Mental tranquility: You can invest in government-backed projects with confidence when you purchase DDJAY plots. This indicates that your investment is safe and that you will continue to reap its rewards for many years to come.
Community Development: Colonizers are obligated to allocate 10% of the licensed colony area to the government for the development of community facilities, free of cost.
Floor Registry: Independent floor registry is facilitated under this policy, providing security and flexibility for future endeavors.
The Why Behind DDJAY:
The primary objective of DDJAY is ambitious yet simple: to provide 2 lakh affordable housing. By focusing on developing residential townships spanning between 5 to 15 acres, the scheme aims to cater to the housing needs of all, ensuring that urban living becomes accessible to everyone, regardless of financial constraints.
Investing in residential plots under DDJAY comes with a multitude of advantages:
Gated Complexes: The policy encourages the development of gated complexes, ensuring the safety and security of residents.
Loan Facilities: Buyers can avail themselves of an 80% loan facility on plots, with 100% home loan assistance for construction purposes.
Amenities: Plotted colonies boast various amenities, including open parks, community halls, shopping centers, and play schools, enhancing the quality of life for residents.
PMAY Subsidy Benefits:
Additionally, buyers can leverage subsidies under the Pradhan Mantri Awas Yojna (PMAY), receiving a subsidy of 2.67 lakhs on the loan amount. This further alleviates financial burdens, making home ownership more achievable for all.
In conclusion, Deen Dayal Jan Awas Yojna represents a commendable initiative by the Government of India to facilitate the development of high-quality plotted colonies in urban areas. By offering a blend of affordability, security, and convenience, it paves the way for a brighter future where owning a piece of land and a home is within reach for all.
Note ➡ If you have any queries related to real estate properties such as 1 BHK Flats, 2 BHK Flats, 3 BHK Flats, 4 BHK Flats, Apartments and independent houses in Dwarka Mor, Uttam Nagar, Delhi, you may contact M SANVI REAL ESTATE PRIVATE LIMITED regarding your choice and demand.
