The establishment of footprints in some of the residential hubs of strategical places like
Dwarka, Janakpuri and Rohini and owning a residential property could be smart and fool proof
investment that even accompanies ROI.
The GST free resale units are gaining popularity in Delhi. The prime advantage of buying DDA
unit is that could bring you hassle free loan approval, since major financial institution easily give
sanction to old DDA unit.
Right from Low Income group to higher income groups the DDA units are being designed by
keeping everyone in mind.
Decision of buying resale units can be determined by factors like:-
1) Checking age and construction quality of project.
2) Ensuring that property is all complied with rules and regulations.
3) Check on mandatory papers like encumbrance certificate, occupancy certificate, share
certificate. Reconfirming that all documents are up to mark and discrepancy free.
4) Get an complete feasiblity report by hiring legal expert.
How to Validate the owner's authencity?
1) Ask for allotment letter that is being furnished by DDA.
2) Power of attorney and Sales Deed.
3) NOC from water and electricity departments.
Requirements of documents for transferring the DDA Flat to the next owners:-
There would be requirement of two affidavit having details of the owner and seller to be duly
signed between both parties on 10 INR currency stamp papers.
Undertaking deed that has to be signed on INR 10 stamp papers.
100 INR stamp papers of two indemnity bonds, Incase if there is any room of dispute emanates
for property sold, the buyer is fully authorised to prosecute seller in court by taking help of
indemnity bond.
Completion certificate or form D or registered deed.
Passport size photographs and three specimen signatures attested by Grade I officer.
Its mandatory to have address proof or pass book of any Nationalised Bank will help in solving
your purpose.
After the stage of completition do approach DDA for taking mutation certificate for resaling of
flat.
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