DDA flat allotment scheme - Is the buzz for real?

Last week, the Delhi Development Authority (DDA) invited applications for 5,010 flats up for allotment under the 2008 Housing Scheme. These flats are available in different parts on the city and the prices ranges between Rs 7-77 lakh. These flats are being tagged as ‘affordable’ since they are priced very nominally as compared to the present property prices.

Do such schemes offer some hope to the masses? Is it possible for an average middle-class income user to buy a house in Indian metros, given the present property scenario? Type your answer in the ‘comments’ box.
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Fortnightly Survey - What factors impact property prices? Take survey here

Which factors impact property price?

Of the following, which factors affect the price of a property
- Location of property
- Quality of construction
- Façade of building
- Internal services/Maintenance Services
- Adequate Water and Power
- Parking facilities offered
- Social Infrastructure of the property

Share your opinion with us. Send your responses in the 'comments' section.

More investments pouring in Indian property segment. Is it good news?

Magicbricks moderator says – Recently Donald Trump Jr. announced that he will establish a real estate fund for Indian property market. He is looking for an Indian partner, possibly a business family for this venture.

- Does this ring bell for other investors too?

- Does this mean that Indian property market is still buoyant and may revive from the current capital crisis?

Share your opinion with us. Send your answers in 'comments' section.