12,000 DDA flats up for sale, lockin period rule removed

DREAM HOME Forms to be available in banks from today, draw of lots in November

The much awaited ‘DDA housing scheme 2017’ offering 12,072 flats in the Capital was launched by Union urban development minister M Venkaiah Naidu on Friday.

Forms and brochures are now available at Vikas Sadan and can be bought from banks starting Saturday till August 11 for ₹200. The draw of lots will be in the first week of November, 2017 and the possession of flats will start from last week of November to the successful bidders.

There are 87 three-bedroom high income group (HIG) flats, 404 two-bedroom middle income group (MIG) flats. The rest 11,197 are one-bedroom lower income group flats (LIG) flats and 384 janata flats.

The flats are located in Vasant Kunj, Sukhdev Vihar, Rohini, Dwarka, Narela, Jasola Vihar, Pitampura, Paschim Vihar and Jahangirpuri. The Delhi Development Authority (DDA) said the cost of the flats will range between ₹53.52 lakh and ₹1.2 crore for HIG, ₹31.32 lakh and ₹93.95 lakh for MIG. And for LIG one has to pay between ₹14.50 lakh and ₹30.30 lakh and for janata flats one has to shell out between ₹7.07 lakh and ₹12.76 lakh.

Addressing a gathering at the Nirman Bhavan, Naidu said the scheme was linked with the Pradhan Mantri Aawas Yojna “to provide affordable housing to people of Delhi”.

Successful applicants will get a subsidy on the interest charged by banks if they avail loans.

DDA’s housing commissioner JP Agarwal said: “For a person to be eligible to get the benefits of Pradhan Mantri Awas Yojna, one should not have a concrete house in Delhi, their income should be under ₹3 lakh annually if they are applying for houses under EWS category. There are other riders too,” he said.

The urban body has tied up with eight banks for the sale of application forms and schemerelated transactions. The banks are Axis Bank, Yes Bank, Bank of Baroda, Central Bank, SBI, Kotak Mahindra, HDFC, ICICI and DDA counter at Vikas Sadan in INA.

Seeking to deter “buyers who are not serious” and check market speculation, the DDA this time has proposed multi-tiered penal measures. “If a prospective buyer surrenders his application before the date of draw, no money will be deducted from his or her registration fee. If a buyer does so after the draw but before the issue of a demand letter, 25% of the registration fee will be forfeited,” an official had earlier said.

If the flat is surrendered within 90 days of the issue of the demand letter, 50% of the fee would be cut.

“Beyond this period, the entire registration fee will be forfeited,” he said.

Under the rules, a husband and a wife can apply for the scheme but if both get an allotment, one of them will have to give it up.

Also, the five-year ‘lock in period’ clause has been removed, which means one can sell it whenever s/he wants to, he said.

All the flats up for grabs this time are the ones that were surrendered because the applicants found them too small or the neighbourhood was underdeveloped.

The DDA claimed that it will be able to sell all the flats this time as the adequate public transport connectivity and other necessary basic infrastructure were put in place before the launch of the new scheme.

Application forms will be available both online and offline, an official said. LIG MIG Janta State Bank of India, Central Bank of India, IDBI, Axis bank, ICICI, HDFC, Yes Bank, Kotak Mahindra Bank, DDA counter,

Vikas Sadan

August 11 HIG Refund within 30 days from date of draw

Both husband and wife can apply. If both are successful, one will have to give up the flat

of registration amount if cancellation happens between date of draw and before getting allotment letter

if cancellation happens between the date of issue of allotment letter till 90 days

Entire registration charge to be forfeited from day 91 to 180 of issue of allotment letter