1. DDA’s 12,000 flats get LG nod; proposes penal measures on withdrawals

DDA’s 12,000 flats get LG nod; proposes penal measures on withdrawals

DDA new housing scheme: Out of the 12,000 flats, 10,000 unoccupied flats are from the 2014 scheme, whereas 2,000 are other flats that have been lying vacant.

By: | Published: May 26, 2017 2:12 PM
DDA new housing scheme: Out of the 12,000 flats, 10,000 unoccupied flats are from the 2014 scheme, whereas 2,000 are other flats that have been lying vacant.

The Delhi Development Authority’s new housing scheme with 12,000 flats on offer finally got approval from Lt Governor Anil Baijal, paving way for mid-June launch. “The L-G has given his nod to the proposal, and so, we are all set now. The new scheme would be launched mid-June, give or take a few days. But, we have finalised the timeline now,” a senior official told PTI. He further added that the draft of the brochure is being proofread, and it will soon be ready.

Out of the 12,000 flats, 10,000 unoccupied flats are from the 2014 scheme, whereas 2,000 are other flats that have been lying vacant. These flats are mostly in areas like Rohini, Dwarka, Narela, Vasant Kunj and Jasola. The registration fee for the LIG category would be Rs 1 lakh while for MIG and HIG it would be Rs 2 lakh. According to sources, most of the flats are one-bedroom LIG flats from the last housing scheme and no new flat is on offer this time.

DDA has roped in ten banks for sale of application forms and scheme-related transactions — Axis Bank, Yes Bank, IDBI, Bank of Baroda, Central Bank, SBI, Kotak Mahindra and HDFC, ICICI Bank and Canara Bank.

In an important step to check unserious buyers and market speculation, the DDA this time has proposed multi-tiered penal measures:

-If a prospective buyer surrenders his application before the draw date, no money would be deducted from his or her registration fee.
-If a buyer surrenders the application so after the date of draw but before the issue of the demand letter, then 25 per cent of the registration fee would be forfeited.
– if the flat is surrendered after the issue of the demand letter but within 90 days of it, then 50 per cent of the fee would be cut, and beyond that time period, the entire registration fee would be forfeited
-DDA has removed the lock-in period clause to avoid buyers surrendering the flats. This is also to keep a check on those elements who do market speculation

A word of advice for people who are interested in buying these flats is they should visit the areas where the flats are being offered before making up their mind.

The scheme was earlier planned to be launched in February but ancillary infrastructure work, like building of connecting roads and installation of street lights, had stretched the timeline.

Baijal, also chairman of the DDA, had instructed senior officials to ensure that adequate public transport connectivity and other necessary basic infrastructure were in place before the rolling out of the new scheme.

Who can apply
– Both husband and wife can apply for the scheme but one of them would have to give up if both are allotted flats

To avoid long queues and make it hassle free, DDA has planned to make the scheme an online affair. Application forms would be available both online and offline.

The 2014 scheme offered 25,040 flats across categories, with prices ranging between Rs 7 lakh and Rs 1.2 crore. The online response was so massive that the DDA’s official website had crashed soon after the launch.

With PTI inputs

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