DDA calculates flat prices on Plinth Area Rate basis

By Accommodation Times Bureau

New Delhi: The Minister of State for Urban Development Saugata Roy in a written reply to a question in Lok Sabha today revealed the following information that, “DDA has stated that the price of the flat is calculated on the basis of P.A.R (Plinth Area Rate) and Land rates prevailing on the date of issue of demand-cum-allotment letter.”
These rates are approved by its Authority. The rates for last four schemes are as below:-

P.A.R. for Housing Scheme 2005:-
Rs.5500/-per sq.mt. for Janta + cost of land
Rs.6000/-per sq.mt. for LIG + cost of land
Rs.7000/-per sq.mt. for LIG (Turnkey basis) + cost of land
Rs.7000/-per sq.mt. for MIG + cost of land
Rs.8000/-per sq.mt. for MIG (Turnkey basis) + cost of land

P.A.R. for Housing Scheme 2006:-
Rs.6300/-per sq.mt. for Janta + cost of land
Rs.7500/-per sq.mt. for LIG + cost of land
Rs.8700/-per sq.mt. for LIG (Turnkey basis) + cost of land
Rs.9000/-per sq.mt. for MIG + cost of land
Rs.9300/-per sq.mt. for MIG (Turnkey basis) + cost of land

P.A.R. for Housing Scheme 2008:-
Rs.7400/-per sq.mt. for Janta + cost of land
Rs.9400/-per sq.mt. for LIG + cost of land
Rs.10000/-per sq.mt. for LIG (Turnkey basis) + cost of land
Rs10500/-per sq.mt. for MIG + cost of land
Rs.10700/-per sq.mt. for MIG (Turnkey basis) + cost of land

P.A.R. for Housing Scheme 2010:-
Rs.9,300/-per sq.mt. for Janta + cost of land
Rs.11, 800/-per sq.mt. for LIG + cost of land
Rs.12,500/-per sq.mt. for LIG (Turnkey basis) + cost of land
Rs13,100/-per sq.mt. for MIG + cost of land
Rs.13,400/-per sq.mt. for MIG (Turnkey basis) + cost of land

The Authority resolved in its meeting held on 21.01.2002 that the costing of the flats constructed by DDA is to be switched over from Actual Cost to Standard Cost (vide Resolution No. 7/2002). As per the said Resolution the plinth area rate (PAR) of construction is to be calculated and announced twice in a year and would apply as on 1st April and 1st October each year. Further as decided, the cost of construction per sq. mtr. to be based on weighted average of actual cost of construction over different areas. From this, it is clear that price of the flats being charged is on no profit no loss basis and hence is realistic.





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