DDA housing scheme launched in Delhi; 12,000 houses are up for grabs

Financing from the houses can be easily made available via official banking partners.

Delhi, June 30: The Delhi Development Authority’s much-awaited housing scheme rolled ou today. The scheme, that is linked to the Pradhan Mantri Awas Yojana offers over 12,000 flats in the national capital. All the modalities enabling their sale have been put into place.

The scheme was initially set for a launch in February. However, despite the deadline being extended to mid-June, a further extension was necessitated due to the construction of ancillary infrastructures such as connecting roads and street lights along the roads.

According to a report in the PTI, a senior DDA official was quoted as having said, “We are all set for the launch of the new scheme.Brochure for the scheme is ready. We have ensured that everything is in order.” However, non-serious buyers will not be encouraged and penalty measures to deter them have been put into place.

Over 10,000 of the flats are in the Rohini, Dwarka, Narela, Vasant Kunj and Jasola regions and have been constructed as part of the housing scheme launched in 2014. The other 2,000 flats had been lying vacant for quite some time.

Another DDA official was earlier reported as having clarified, “If a prospective buyer surrenders his application before the date of draws, no money will be deducted from his or her registration fee. If a buyer does so after the draw but before the issue of a demand letter, 25 per cent of the registration fee will be forfeited.Beyond that time period, the entire registration fee will be forfeited “

He then added, “People are free to visit the areas where the flats are being offered. We have also removed the lock-in period clause, as we realised this was also a factor in buyers surrendering flats. This is also to keep a check on those elements who do market speculation.”

Financing from the houses can be easily made available via official banking partners such including Axis Bank, Yes Bank, IDBI, Bank of Baroda, Central Bank, SBI, Kotak Mahindra, HDFC, ICICI and Canara Bank. The registration fee for buyers from LIG (Lower Income Group) category will be Rs 1 lakh and for others, the fee will be Rs 2 lakh.