Latest Housing Scheme by DDA – things to know

 

DDA or the Delhi Development authority is all set with new housing schemes with 13,000 flats offering. During the third or fourth week of this month, the lieutenant governor will most probably approve the new housing scheme after a meeting with the DDA officials.

There are 10 things you must know about the new housing scheme:

  1. Out of the 13,000 flats available, only 350 flats will be two-bedroom for the middle-income group (MIG) and the rest are one-bedroom for Janta and low-income groups (LIG).
  2. A registration amount of Rs. 1 lakh for Lower and Janta groups and Rs. 2 lakhs for MIG and HIG groups needs to be deposited in the bank before the lots draw for allotment.
  3. Most of the flats here are majorly surrendered by people who either found the area underdeveloped or found that the flats were too small. These flats are the LIG and Janta group flats.
  4. After the announcement of the scheme, which would be at the end of the month, buyers will be provided with a month time to submit their applications. The scrutiny will thereby take one more month post application submission.
  5. There is no lock-in period for resale of these flats as confirmed by DDA.
  6. If the flat is allotted and the buyer refuses to buy then the registration amount will not be refunded.
  7. Any unfinished civil services and work will be completed by around September-October which is when the possession of flats will be given by the agency to the buyers.
  8. These flats are available across Delhi – Dwarka in the southwest, Jasola and Sarita Vihar in South, Rohini and Pitampura in the northwest, Paschim Vihar in the west, Dilshad garden in the northeast and Mukherjee Nagar in the north.
  9. Adequate transport facilities and other services in these localities have been planned by the agency as per the official’s report.
  10. Application forms will be made available at 48 branches of Yes bank, 99 branches of the bank of Baroda, 118 branches of Axis bank, 84 branches of IDBI bank, 29 branches of SBI, 50 branches of Kotak Mahindra, 6 branches of HDFC and 28 branches of Central bank of India in Delhi.

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