The Delhi Metro Rail Corporation (DMRC) has finally started its new venture in real estate sector. The 2BHK and 3BHK flats by DMRC will be developed in Okhla and Janakpuri of Delhi as DMRC housing scheme. These flats by DMRC are expected to open their applications for booking next month.
Total number flats by DMRC which will be constructed, is 550, out of which 90 will be in Okhla and 460 in Janakpuri. The price of flats in DMRC housing scheme will range between Rs.60 lakh-Rs.120 crore. The plots on which the construction will take place are next to Okhla metro station and Janakpuri metro station.
The projects under DMRC housing scheme will be based on the norms and standards of Transit Oriented Development. The delivery of these 2BHK and 3BHK flats by DMRC is likely to be scheduled in 2019 while the best part is that a reservation of 15% will be made for the EWS (Economically Weaker Sections).
The bookings will be made open for the public most probably by next month and the printing of the plans and brochures for the DMRC housing scheme is also about to begin.
Almost similar to what happens in housing schemes by DDA, projects under DMRC housing scheme will also deliver flats to the applicants by a lucky draw system. All the people whose names will be there in the list will be handed over the flats and the remaining will get their refunds.
The DMRC has had various projects in development of properties like building staff quarters in certain areas of Delhi.
Just like the application system in residential projects, DMRC is also planning to develop and sell commercial units to government and public organizations by inviting applications. The plans of developing these commercial complexes are in areas near Bhikaji Cama Palace and Jantar Mantar.