DDA 16,000 Flats Scheme 2017 to be Launch Soon on 26th Jan 2017

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In 2014, about 1000 1BHK DDA residential flats were either rejected or surrendered by the winners due to their size. Now these rejected flats will be included in the 13,000 houses in DDA’s much-awaited 2017 housing scheme being launched around January 26.  Also, because of restrictions on the execution of conveyance deed, which introduced a five-year lock-in period during which the flat could not be sold by the allottee. Some of the flats were also returned. It has now been removed.

The properties located in Delhi in Sarita Vihar, Jasola, Dwarka, Pitampura, Sukhdev Vihar, Narela, Rohini, Jehangirpuri, Loknayakpuram, Dilshad Garden, Paschim Vihar, Bindapur and Mukherjee Nagar, cost anything between Rs 15 lakh to Rs 19 lakh with an application fee of Rs 1 lakh. About 1000 flats are in the HIG category and are priced between Rs 77 lakh and Rs 1.52 crore.
Among lakhs of applicants, their names were picked out in a draw of lots in 2014. Within months, however, they were queuing up at the DDA offices to surrender their apartments. An allottee said his house was smaller than the store room of his rented flat in Rohini and he was finding it difficult to fit his bed or furniture in it.
When a reporter visited some DDA apartments in Dwarka, Sector 23 B and Rohini, Sector 34, she found they hardly covered 33 sq.mt. (about 355 sq ft). A small toilet, a bath (just big enough for a person standing straight and still) and a kitchen – all in a row – led to a tiny bedroom with a small balcony. Buyers have to use auto rickshaw, public transport or call a cab for the purchase of daily needs.
Also, DDA has put some restrictions on the execution of conveyance deed, which introduced a five-year lock-in period during which the flat could not be sold by the allottee. Buyers had to hold the property for five years which meant that it did not provide for immediate liquidity nor any decent rental income.
A DDA official said that DDA has decided to do away with the lock-in period in the 2017 scheme. They may consider giving existing buyers an option to pay up the remaining 10% installment and opt for freehold flats. They will, however, think of this option only after we receive such a request from buyers.
News Source: http://www.hindustantimes.com/real-estate/rejected-flats-in-dda-s-2014-lottery-are-part-of-new-2017-housing-scheme/story-dtsEnTJnE7itZ6xFVBQoEN.html
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