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Business News/ Politics / Policy/  DDA housing scheme 2014 to open from 1 September
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DDA housing scheme 2014 to open from 1 September

The new scheme offers flats ranging from Rs7 lakh to Rs1.2 crore across categories

DDA for the first time has also introduced a five-year lock-in period for ownership of the flats, to cut out the middleman and reduce the scope of speculative buying. Photo: Pradeep Gaur/MintPremium
DDA for the first time has also introduced a five-year lock-in period for ownership of the flats, to cut out the middleman and reduce the scope of speculative buying. Photo: Pradeep Gaur/Mint

New Delhi: The Delhi Development Authority (DDA) on Friday announced its much- awaited ‘Housing Scheme 2014’ — offering over 25,000 flats across various categories while scrapping the proposed plan to reserve 80% flats for the city-dwellers in it.

The new scheme offers flats ranging from Rs7 lakh to Rs1.2 crore across categories, viz — EWS, LIG, MIG, HIG, Janta flats and one-room apartments and would be rolled out from 1 September.

“We are offering 25,034 flats in the 2014 scheme out of which 22,627 would be one-bed room apartments. Among others, 896 flats are constructed after 2010, with green technology," said Balvinder Kumar, vice-chairman, DDA.

“The ‘DDA Housing Scheme 2014’ would be open to applicants from 1 September and the last date to receive the application is 9 October. The draw of lots would preferably be taken out within 20 days of the close of the scheme," a senior DDA official said, adding, applicants can also apply online.

DDA for the first time has also introduced a five-year lock-in period for ownership of the flats, to cut out the middleman and reduce the scope of speculative buying.

“After five years, the DDA will formally execute a conveyance deed in their favour," the official said.

The registration fee for all other categories is Rs1 lakh, and Rs10,000 for EWS (Economically Weaker Section) category, the official said, adding a ceiling of Rs1 lakh of annual income has been prescribed for those applying under the EWS category.

The one-bedroom apartment flats are in Dwarka, Rohini, Narela and Siraspur areas, priced above 14 lakh onwards, depending on the location and plinth area, the DDA said.

Out of 896 newly-built flats, 512 are MIG flats and 384 Janta flats, located in Mukherjee Nagar, Narela, Rohini and Kalyan Vihar areas. The MIG flats would range from Rs41.30 lakh and Rs69.90 lakh and the Janta flats —one room tenement with a kitchentte — would cost a little over Rs10 lakh, it said.

“The DDA had for the first time proposed a 80-20 quota in this scheme, but that proposal which sought to offer 80% flats to Delhi residents has been scrapped, the official added.

DDA is offering 700 flats for EWS category, which are part of the housing complex at Swatantra Bharat Mills premises at Rohtak Road. The flats have been developed by a private builder as part of a Memorandum of Understanding (MoU) signed between the DDA and the builder.

The EWS flats priced from Rs7 lakh to Rs11 lakh, the urban body said. Over 800 old flats located under different categories are also being offered, on account of them being cancelled or surrendered. These flats (older) consists of 21 HIG flats, 49 MIG, 451 LIG, 129 expendable and 161 Janta flats. The cost ranges from Rs1.2 crore for HIG flats to Rs5.4 lakh for Janta flats, the DDA said.

The DDA had earlier said that the total number of flats on offer was over 26,000 but on Friday said the figure has been revised to over 25,000. For the first time, DDA has also decided to do away with attachments along with the application forms and now only a photocopy of PAN card would be needed for the process, she said.

There is no income limits on one-bedroom apartments and any eligible candidate can apply.

For EWS category, there will also be an option to pay the cost of the flats in instalments, she added. For unsuccessful applicants, the DDA would return the registration amount within 90 days of the draw of lots and for delays beyond 90 days, interest would be paid to the applicants.

In case of successful applicants, who decide to surrender their allotments, refund amount has been rationalised wherein the maximum amount recovered has been restricted to 50,000.

Any Indian citizen, 18 years of age and above on the date of filing of the application for the flats is eligible for the scheme. The applicants must not own any residential flats or plot in full or in part on leasehold or freehold in Delhi or New Delhi or Delhi Cantonment either in his/her own name or in the name of his/her minor or dependent children, the DDA said.

One person can submit one application only, it said, adding, both husband and wife can apply for flats subject to fulfilment of eligibility conditions with a stipulation that if both are found to be successful, only one of them shall retain the allotment of a flat.

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Published: 22 Aug 2014, 08:27 PM IST
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