DDA offers 25,000 new flats in 2014 housing scheme
Of the total 25,034 flats, 22,627 will be two-room sets having one bedroom and a drawing room with a price tag of between Rs 14 to 22 lakhs. The scheme will include 700 EWS (economically weaker section) flats, constructed by a private developer
Aug 23, 2014
Source : Zee news
Delhi Development Authority

 

New Delhi: To fufill the dream of owning a house in Delhi, the DDA on Friday came up with a new housing scheme.

As part of the Delhi Development Authority's (DDA) 2014 housing scheme, more than 25,000 flats will be offered - most of them single-bedroom units known as LIG flats.

These flats, to be built using green technology, will be located in areas like Rohini, Dwarka and Narela.

Registrations for a total of 25,034 units will open from September 1 and will go on till October 9. The draw will be held within 15 to 20 days after October 9.

To make the allotment transparent, the DDA has appointed an independent agency and will also use the services of a judge.

As against expectations, there will be no reservation for the residents of Delhi in allotment of flats. All Indian citizens above the age of 18 are eligible to apply.

The flats (LIG, MIG and HIG) will be allotted latest by March 2015 and possession will be given within one year from allotment.

Of the total 25,034 flats, 22,627 will be two-room sets having one bedroom and a drawing room with a price tag of between Rs 14 to 22 lakhs.

The scheme will include 700 EWS (economically weaker section) flats, constructed by a private developer.

The DDA will also allot 811 old flats at several locations in different categories. These flats will be renovated and will sport a complete new look.

The prices of these old flats will be quoted at 1.25% depreciated per annum rate.

For maintenance of these flats post allotment, the DDA has set up a Rs 362 crore corpus. The money will be transferred to RWAs and Executive Engineers, who will use the funds for maintenance of these flats for 30 years.

To apply for the flats, one has to be at least 18 years of age. The applicant will have to mandatorily provide PAN Card and Aadhar Card along with the application.

Further, the applicant should not have any property in Delhi in his name. He/she should not be holding any joint property as well.

To apply, one will have to deposit Rs 1 lakh as registration amount which will be returned if the flat is not allotted. The registration amount for EWS flats is Rs 10,000.

Also, the registration can only be done online this time to ensure transparency in the process. For payment of the registration amount, the DDA has tied up with 13 banks. There will be no file and challan system as there was earlier.

At the time of filing applications, no document other than PAN Card and Aadhar Card is required to be submitted. Only one application form with Rs 1 lakh is to be submitted.

Brochures for the housing scheme are available with banks and on the website of DDA.

The DDA will enter into a registered agreement with successful applicants and there will be a five-year lock-in period for the resale.

The DDA will enter into a registered agreement with successful applicants only after a five-year lock-in period.

Latest Realty News

DLF ordered to pay Rs 6 lakh to buyer in failed project
Aug 23, 2014
Real estate firm DLF has been asked to pay Rs 6 lakh to a man, who had booked a flat in its project which failed to take off, by a consumer forum here which held it guilty of deficiency in service and "unfair trade practice
Fresh tax notices to be served on 1 lakh property owners
Aug 23, 2014
The MCG is the process of issuing fresh house tax notices to around one lakh property owners in Gurgaon, after noticing discrepancies in their self-assessment forms
Yamuna Expressway homebuyers to pay more
Aug 23, 2014
Those who bought land or a flat along the Yamuna Expressway will have to shell out more as the UP cabinet on Friday approved a higher rate of compensation for farmers from whom the land was originally acquired
DDA flats in Rohini may be delayed
Aug 23, 2014
DDA may not be able to deliver on its promise of providing all houses in Rohini by March next year.
Home loans: Making most of headwinds
Aug 23, 2014
Banks and non-banking financial companies (NBFCs) are getting active to make sure they get the maximum number of home loan borrowers when growth in real estate picks up
DDA drops 80% quota for locals
Aug 22, 2014
DDA's upcoming housing scheme received an 'in-principle' approval, with some changes in the original proposal, by the chairperson of the authority
Inspection heat on town planner flayed for not inspecting 4 colonies
Aug 22, 2014
Four RWAs — Mayfield Gardens, Parasvnath Exotica , Uppal's Southend and Ardee City-I — have come down heavily on the senior town planner for not carrying out on-spot inspections, despite several requests and even an order from deputy commissioner Shekhar Vidhyarthi
Flat buyers threaten stir over delay in possession
Aug 22, 2014
Home buyers, who have invested in various projects by the Jaypee Group, on Thursday threatened to stage a protest next week against the developer for not delivering their flats on time
Realty demand looking up: Credai
Aug 22, 2014
The Confederation of Real Estate Developers of India (Credai) said the property market across the metros in the country was looking up and it expects good absorption in residential property in the next 6-9 months
Interest subsidy for low-cost housing to be hiked up to 5%
Aug 21, 2014
Home loans for the underprivileged are set to get more affordable with the government planning a new interest subvention scheme, which will meet part of the home loan burden

Latest Realty News Of State

Realty Talk's