8500 Allottees Surrender DDA Flats: Government
"DDA has informed that as on December 4 this year, nearly 8,500 allottees, who were allocated flats under Housing Scheme-2014, have surrendered their flats," Minister of State for Urban Development Babul Supriyo said in a written reply.
Dec 11, 2015


New Delhi: Around 8,500 allottees - almost one-third - of a housing scheme of Delhi Development Authority (DDA) have surrendered their flats, Rajya Sabha was informed on Thursday.

"DDA has informed that as on December 4 this year, nearly 8,500 allottees, who were allocated flats under Housing Scheme-2014, have surrendered their flats," Minister of State for Urban Development Babul Supriyo said in a written reply.

In majority of the cases, the allottees have not provided any specific reasons for surrender, he said.
Supriyo, however, said some of the reasons as reported in the media were not liking the location or area of the allotted flats and not finding the built-up area of the allotted flats sufficient.

DDA has also informed that authority had decided to convert a large number of flats, which were to be built for economically weaker section category, to low income group residential units in the scheme.

The DDA offered the surrendered flats to the waitlisted registrants as per the terms of the scheme and the remaining flats were disposed off by launching a new housing scheme.

The DDA had in September last year rolled out nearly 25,000 flats via a lottery in suburban areas such as Dwarka, Rohini and Narela.

Latest Realty News

Dec 10, 2015
CHANDIGARH: The District Consumer Disputes Redressal Forum has fined managing director Udey Raj Singh Brar and director Amarjit Singh of real estate firm UK Homes with Rs 10,000 each, holding them guilty of non-compliance of orders to refund more than Rs 4.50 lakh to a complainant. They would face imprisonment of three years if they failed to comply with the orders, the forum ordered.
Dec 10, 2015
New Delhi: The Union Cabinet on Wednesday approved the Real Estate (Regulation and Development) Bill, 2015 which will now be taken up for consideration by the Parliament. Chaired by Prime Minister Narendra Modi, the Cabinet gave the nod to the Real Estate (Regulation and Development) Bill, an initiative to protect the interest of consumers, promote fair play in real estate transactions and to ensure timely execution of projects.
Dec 10, 2015
New Delhi: The government on Wednesday reached out to the Opposition including the Congress by agreeing to incorporate in the Real Estate (Regulation and Development) Bill 2015, a provision requiring real estate developers to deposit 70 per cent of the project cost in a separate escrow account.
Dec 10, 2015
New Delhi: Housing prices have fallen by an average 15-20 per cent across the country in last 18 months and there is no scope for further reduction, realtors' apex body CREDAI said on Wednesday.
Dec 09, 2015
MUMBAI: The Maharashtra government's efforts towards reducing the number of approvals needed for a realty project is expected to make private housing relatively affordable. The move is also expected to ease developers' cash flow issues as approvals for their projects will be faster, said JLL India in a report.
Dec 09, 2015
NEW DELHI: Hyderabad remains the most affordable metro for home buyers, followed by Ahmedabad and Kolkata.
Dec 08, 2015
THIRUVANANTHAPURAM: Local protests solely might not have derailed the master plan of city corporation.
Dec 07, 2015
MUMBAI: Godrej Properties, the real estate development arm of the Godrej Group, has sold 300 apartments within one week at its newly launched project The Trees at Mumbai's Vikhroli suburb, the company said in a statement.
Dec 05, 2015
NEW DELHI: With repeated disruptions in second week of the winter session putting its legislative agenda on the back burner, the government has proposed heavy business in both Houses of Parliament next week, listing key legislation like GST and Real Estate bills for consideration and passage.
Dec 05, 2015
Bhubaneswar, Dec. 4: The Odisha chapter of the Confederation of Real Estate Developers' Association India (Credai) is also planning to use social and digital media to sale properties.

Latest Realty News Of State

Realty Talk's