deen dayal jan awas yojna Affordable Residential Plots Why people are buying DDJAY plots over Flats

DDJAY plots-Why people are buying plots over Flats

DDJAY Plots, Demand and Price for real estate have gone down tremendously in the last decade. Not only the price but also the sentiments and trust of the buyers in the high rise apartment projects have gone down. This is because some developers have defaulted in the completion of the project within the stipulated time, which has shaken the faith of all the homebuyers in the real estate developer.

In such a scenario people are seeing residential plots as a safer real estate investment option. One of the most preferred options for residential plotting in Haryana is affordable plotting under Haryana Government’s Deen Dayal Jan Awas Yojana(DDJAY). Deen Dayal Jan Awas Yojana (DDJAY) is a policy launched by Haryana Government in 2016 which aims at developing low and medium potential towns of Haryana by offering affordable plots in high-density colonies.

Plots offered under this policy are of a maximum size of 150sqm (~180 square yards) bringing them in the reach of the masses in the lower and middle-income group. Affordable residential plotting under Haryana government’s Deen Dayal Jan Awas Yojana (DDJAY) also offers several other benefits to its homebuyers which includes independent floor registry, higher FAR (floor area ratio) of 2.0 and construction of stilt

Affordable plotting under Haryana government’s Deen Dayal Jan Awas yojana not only offers numerous benefits to the homebuyers but also to the developer so that the developer can sell these residential plots at an affordable price. CLU and IDC charges have been waived off. Other fees charged to the developer has also been substantially reduced. The developer is however bound to complete and deliver the project within 7 years of the grant of the license.

One of the best affordable residential project under Haryana government’s Deen Dayal Jan Awas Yojana (DDJAY)is Springwoods City located at a prime location near Bhiwadi close to RPS school. With direct entry from 75m wide expressway, it can also boast of a posh neighbourhood of luxury apartments of Casa Romana.

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