DDA to Announce New Housing Scheme 2016 Launch Date on Today

The Delhi Development Authority (DDA) is likely to announce its launching date of new housing scheme 2016 on Today. For the final discussion of DDA’s latest housing, the authority has conducted a meeting on Friday. However, the scheme was to be launched on last week but the authority meeting had been canceled.

According to the DDA senior official, the housing scheme is the main agenda for the authority’ meeting on Friday and we will announce most details by evening. He also said all the ground work of the scheme is already completed and once the proposal is approved in the meeting, then we will be able to announce its launch date.

According to the sources, the new scheme contains plans to do away with the five-year lock-in period clause, which was introduced in the 2014 housing scheme. According to the clause, an allottee of a housing scheme flat cannot sell it for five years from the date of possession.

The clause was introduced to ensure that only genuine buyers apply. It is not uncommon for successful applicants to sell off their flats right after taking possession and sometimes, after the allotment itself.

According to the new housing scheme, the DDA will offer around 12,000 flats. Out of these, 10,000 flats are included from the 2014 housing scheme, while 2,000 are other flats that have been lying vacant. However, most of the flats are one-bedroom which are located in the areas like Rohini, Dwarka, Narela, Vasant Kunj and Jasola.

The good news is that the entire process of the scheme will be completely online, from buying the brochure to payments for the flats. This process will help to reduce the long queues outside the DDA headquarters and for enhanced transparency.

According to the new terms & conditions, DDA has decided to hike the registration fee to Rs. 1.5 lakh for lower income group category and Rs. 5 lakh for the middle-income group category. The earlier registration fee was Rs. 1 lakh.

News Source: http://www.thehindu.com/news/cities/Delhi/dda-2016-housing-scheme-likely-to-be-announced-today/article9359381.ece

DDA Any Information: DDA Housing Scheme

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