- Affordable Plotted Development: Under this scheme, residential plots ranging from 60 sq. yards to 150 sq. yards are available, making it easier for people to build their dream homes at a reasonable cost.
- High-Density Development: Developers are allowed to create up to 400 plots per project, ensuring ample housing availability.
- Stilt + 4 Floors Allowed: Homeowners can build up to four floors with an independent registry, making it ideal for rental income or multi-family living.
- Government-Regulated: The scheme is approved under RERA (Real Estate Regulatory Authority), ensuring transparency and security for buyers.
- Easier Financing: Many banks and financial institutions offer home loans for properties under DDJAY.
- Infrastructure Development: These colonies come with proper roads, sewage systems, electricity, and water supply, ensuring a comfortable living experience.
- A project could be developed on an area ranging from 5 to 15 acres.
- Only up to 30% of a city’s total planned residential area would be offered for project developments under this category. The maximum plot area under this scheme has been determined at 150 square meters (sq. m.).
- The area under roads cannot exceed 10% of the total licensed area. The developer is also required to transfer 10% of the licensed colony area to the government free of cost for community facilities.
- Developers could register independent floors on plots, along with stilt parking. Up to 50% of the area can be allotted, while the remaining 50% remains with the government, though developers can continue development work on it. 15% of the area must be mortgaged for internal development works.
- Developers have the option to deposit the cost of internal development works with the municipality at mutually decided rates. Alternatively, they may mortgage residential plots covering at least 15% of the total saleable area as security.
- The license fee has been set at Rs 10,000 per acre for low-potential towns and Rs 1 lakh per acre for medium-potential towns.
- Conversion charges and infrastructure development charges (IDC) have been waived, while external development charges (EDC) and license fees have been significantly reduced. Developers may either mortgage 15% of the saleable area or provide a bank guarantee of the same value for internal development works.
- Applications under this policy must be submitted within 90 days from the scheme's notification date. If applications exceed the permitted area, all eligible applicants will be considered for a minimum of five acres. If fewer applications are received, each applicant will be considered within the defined area norms. The Director-General, Town and Country Planning can increase the total permitted area by up to 40%.
- Any Indian citizen can buy a plot under this scheme.
- It is ideal for first-time homebuyers, middle-class families, and small investors.
- Real estate developers with land holdings in approved zones can apply to develop DDJAY projects.
- NRIs (Non-Resident Indians) can also invest in DDJAY projects.
- Gurugram (Sohna & Pataudi)
- Faridabad
- Palwal
- Sonipat
- Panipat
- Jhajjar
- Karnal
- Hisar
- Kurukshetra
- Budget-Friendly Investment: The prices of plots under DDJAY are significantly lower than in major urban areas, making it a great opportunity for small investors.
- High Appreciation Potential: As these locations develop, the land prices are expected to rise, offering good returns on investment.
- Independent Homeownership: Unlike apartments, you own a piece of land and can build your home as per your needs.
- Rental Income Potential: Since stilt + 4 floors are allowed, you can rent out separate floors for additional income.
- Legal Security: Since the projects are RERA-approved, there is less risk of fraud or project delays.
- Eligibility criteria: Make sure you meet the eligibility requirements before applying for a DDJAY plot.
- Due diligence: Even though the scheme is government-backed, it's crucial to conduct your due diligence. Verify the developer's credentials, check the project approvals, and understand the payment plan thoroughly.
- RERA registration: Ensure that the project is registered with the Haryana Real Estate Regulatory Authority (H-RERA). This adds an extra layer of security and transparency.
- Location: Consider the colony's location and its proximity to your workplace, schools, and other essential amenities.
- Aadhar Card
- Bonafide Certificate
- A certificate that shows an absence of permanent address
- Ration Card
- Address Proof
- Income Certificate
- Age Certificate
- Mobile Number
- Bank Account Statement
- Passport Size Photograph