DDA May Drop Five Year Lock-In Period for DDA Housing Scheme 2014
Delhi Development Authority (DDA) may drop the lock-in period of five years for DDA Housing Scheme 2014 allottees. This news may give the relief of the thousand of allottees who bought flats under 2014 housing scheme.
On Tuesday, officials of the land agency said that a proposal will be discussed soon to drop the lock-in period for resale of DDA Housing Scheme 2014 flats. If this proposal will be approved then allottees may be able to sell their houses without waiting five years.
This time, DDA has introduced its new housing scheme 2017 named “DDA Aawasiya Yojana 2017” without five years lock-in period clause. However, the five years lock-in period clause was introduced in 2014 to prevent non-serious buyers. But this time DDA has removed this clause in its new housing scheme 2017.
However, the land agency was already aware of the demand to drop the clause from the contracts of the 2014 allottees.
According to the allottees of DDA Housing Scheme 2014, they were forced to live there because they can not sell our houses for five years.
The allottees do not want live there because the basic infrastructure work has not been completed and there are no local markets, poor quality of drinking water the roads are in a bad condition, and with no street-lighting, it unsafe to walk on the main road past evening.
News Source: http://timesofindia.indiatimes.com/city/delhi/saddled-with-unlivable-flats-2014-buyers-wont-have-to-wait-out-5-yrs/articleshow/59447539.cms