In a significant move for prospective homebuyers in Delhi, the Delhi Development Authority (DDA) has announced the removal of parking charges from its ongoing housing schemes. This decision means that buyers no longer need to pay extra for covered or open parking spaces, which had previously added substantial costs to the total price of flats. As a result, the prices of the flats have been slashed between 5 to 12 lakhs depending on the category.

Previously, parking costs were calculated separately based on the size and area, often resulting in hefty additional fees for buyers. The new directive from DDA implies that the costs related to parking will now be included within the overall project expenses, making it more affordable for individuals looking to purchase homes in Delhi. This change is expected to ease the financial burden on buyers and encourage more people to invest in DDA flats.

The DDA's decision can be seen as a strategic move to make home ownership more accessible in a city where housing costs have escalated over the years. By eliminating this charge, the DDA is not just reducing the financial strain on buyers but also aiming to stimulate the housing market. This new pricing strategy could lead to a shift in how housing projects are marketed and sold in the future, ultimately benefiting a larger segment of the population looking to fulfill their dream of owning a home in Delhi.