DDA Housing Scheme 2017 – 8000 Applications Received for 11000 Flats

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DDA Housing Scheme 2017

DDA Housing Scheme 2017 – In the DDA Housing Scheme 2017, a total number of 8,000 applications have been received for the 11,000 residential flats allocated for the lower income group (LIG). According to the news, the last date for the applications is just 4 days away.

Details of DDA Housing Scheme 2017

DDA’s affordable housing scheme was launched for the people of Delhi and the surrounding metropolitan region saw 20,000 applications filed in all. This compares with more than 10 lakh applications received the last time the scheme was announced in September 2014.

The main motto of the scheme was to provide a pucca house for every family in urban areas with a water connection, toilets, electricity supply and complete road connectivity.

When the scheme was first inaugurated in 2014, it was to give out 12000 houses in areas all over in the city, which are provided on a free hold basis over various income groups.

The allotment of this scheme is based on the lottery system. All the applicants can fill up to seven options. People can check and visit the flats before the applying. This can be done online or offline.

Apart from this, the scheme is credit-linked. Bank loans are provided with an interest rate of 6.5 percent for a period of 20 years for the Economically Weaker Sections (EWS). Home loan rates for the LIG and Medium Income Group (MIG) group are provided on pages 3 to 5 of the website.

Two main conditions that are worth looking into are that both the spouses can give separate applications. In the event that one of the spouses get a flat, they will be refunded with the application money for the others.

Also, the PAN card is a compulsory document to be submitted for the application process.

News Source: http://www.moneycontrol.com/news/business/real-estate/dda-housing-scheme-2017-only-8000-applications-received-for-11000-lig-flats-2382599.html

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