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  1. DDA Housing Scheme draw: Big setback for homebuyers, this is what the authority has done now

DDA Housing Scheme draw: Big setback for homebuyers, this is what the authority has done now

The official said as many as eight banks were roped in by the DDA to collect forms for its new housing scheme. However, he did not mention which of these banks had delayed information of applicants.

New Delhi | Published: October 18, 2017 5:27 AM
The draw for Delhi Development Authority’s (DDA) housing scheme 2017 has been delayed and is now likely to be held in the first week of November as the authority has not been able to collate data of applicants, a senior official said. (Representative photo: PTI)

The draw for Delhi Development Authority’s (DDA) housing scheme 2017 has been delayed and is now likely to be held in the first week of November as the authority has not been able to collate data of applicants, a senior official said. The draw of lots was earlier planned around Diwali. “The draw of lots got delayed due to delay in receiving compiled information from the banks that had been authorised to accept application forms,” the official said. The official said as many as eight banks were roped in by the DDA to collect forms for its new housing scheme. However, he did not mention which of these banks had delayed information of applicants. “We were expecting that data will reach us soon after the scheme was closed but the banks have not submitted it yet. So, we are looking for some date around the first week of November,” he said. According to the rules, the authority should hold the draw of lots within three months after the last date submission of form. The draw is likely to take place at the DDA headquarters under supervision of independent judges and experts. “The system is foolproof and a software is being specially developed and expert agencies have been engaged for the purpose,” he added.

DDA had launched the scheme on June 30 with 12,072 flats under which 87 are high-income group (HIG) flats, 404 are two-room middle income group (MIG) flats. The rest 11,197 are one-bedroom lower-income group flats (LIG) and 384 janta flats. The last date to submit applications was August 11. However, last month, following poor response from the public, the DDA extended the deadline for the 2017 housing scheme by a month, till September 11. In a bid to attract more buyers for the scheme, the DDA had also relaxed the forfeiture clause as banks were not giving loans due to the forfeiture clause. DDA had introduced the forfeiture clause, penalty ranging from 25% to 100%, in a bid ensure that only serious buyers applied under the scheme. Officials said more than 41,000 applications were submitted under the scheme offering 12,000 flats across four income categories.Out of the total 12,072 flats, most of them are in Rohini, Dwarka, Narela, Vasant Kunj and Jasola, while 10,000 unoccupied flats are from a 2014 housing scheme, which were returned for being too small in size. The cost of the flats varies from Rs 7.5 lakh to Rs 1.44 crore.

For its last housing scheme, which was launched in September 2014, DDA had offered 25,034 flats — EWS, LIG, MIG, HIG, Janta flats and one-room apartments — ranging in prices from Rs 7 lakh to Rs 1.2 crore. The scheme had received a whopping over 10 lakh applications.

Surbhi Prasad

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