DDA Aawasiya Yojana 2017 – Last Date Extended to Sept 11

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DDA Housing Scheme 2017

DDA Aawasiya Yojana 2017 – The Delhi Development Authority (DDA) has now extended the last date of submitting the online application forms for its DDA Aawasiya Yojana 2017. DDA has extended the last date from 11 August to 11 September.

According to the earlier clause, no penalty will be charged if flats are surrendered within 15 days of allotment of the demand letter. However, if houses are returned after 15 days of allotment of the letter, 10 per cent of the registration amount will be forfeited.

Under DDA Aawasiya Yojana 2017, the Delhi Development Authority has come up with the allotment of over 12,000 flats across all income categories was launched on June 30 with the last date on August 11. Although the authority had received only 8,000 applications while only 75,000 forms were sold till August 8.

According to the news, the urban body was mulling over relaxing the forfeiture clause, as owing to it banks were not ready to give loans on the registration amount.

As per the Officials, the forfeiture clause in this year’s scheme had made banks wary of giving loans on the registration money. The banks’ refusal to finance the registration amount has turned away many buyers.

The Principal Commissioner of DDA Mr. JP Aggarwal said that banks’ inability to give loans had discouraged many serious buyers. So, DDA has relaxed the penalty amount. It will ensure that banks finance the registration amount and it will attract more buyers who had lost interest because of the clause.

In a meeting held last month, banks had urged the housing authority to remove the clause of 25 per cent registration fee being forfeited.

News Source: http://www.dnaindia.com/delhi/report-dda-housing-scheme-last-date-extended-to-sept-11-2525029

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