DDA Housing Scheme 2017 – No More Extension in Application Date

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DDA Housing Scheme 2017 – The Delhi Development Authority (DDA) had received about 16,000 application forms till Friday for its latest housing scheme i.e. DDA Housing Scheme 2017. According to the sources, it is expected that the land-owning agency will not extend its last date.

Details of DDA Housing Scheme 2017

Recently, the agency has extended the last date for purchase of around 12,000 flats up for sale to September 11 as the authority had just received 8,000 application forms.

Although out of the total 16,000 applications around 70% of the people have given preference for LIG and MIG flats while just 30% of the people have shown interest in LIG (lower income group) category. Majority — 11,197 — of the 12, 069 flats are one-bedroom LIG flats.

According to a senior DDA official, for selling 12,069 flats, we wanted at least more than 12 000 forms. Now that we have crossed 16,000-mark we won’t extend the application deadline any further.

Apart from this, it is expected that DDA will pre pone the date of draw of lots. The draw of lots takes place three months after the last date of submitting the forms, which in this case is December.

As per the official, it is expected that the authority will conduct the draw of lots in November so that the process of giving possession of the flats could be started this year itself.

The Delhi Development Authority (DDA) had launched the scheme on June 30 in which DDA offered 12,069 flats of which 87 are high-income group (HIG) flats, 404 are two-room middle-income group (MIG) flats. There are 384 Janta flats and rest are LIG.

In order to encourage prospective buyers, DDA has also relaxed the forfeiture clause. No penalty will be levied if houses are surrendered within 15 days of allotment of the demand letter, which would have earlier led to a forfeiture of 25%.

For the LIG (lower income group) category, the registration fee is Rs 1,00,000 while for the middle-income group and high-income group flats, Rs 2,00,000 will be charged.

The authority had received 7.5 lakh applications for its scheme launched in September 2014. It had printed 20 lakh forms and about 17 lakh were sold. On the day of the launch, about 30,000 forms were bought and the number crossed the two lakh mark within five days. However this year, the scheme has not received much response.

News Source: http://www.hindustantimes.com/delhi-news/no-more-extension-in-application-date-for-dda-2017-housing-scheme/story-INoiu24f2eO1eMd1yRR88K.html

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