DDA Yet Received 27000 Application for DDA Housing Scheme 2017

After the launch of DDA Housing Scheme 2017 on 30 June 2017, Delhi Development Authority has received around 27,000 forms from the general public of Delhi till Monday. However, the applications are being through the both online and offline from the authorized bank counters across Delhi.

Besides, offline mode most of the people have shown their interest to fill online application form. More than 1,20,000 users have visited the section of DDA’s website for online registration of the scheme. The scheme is launched on 30 June 2017 but the registration process of the DDA Housing Scheme 2017 will be opened till 11 August 2017.

This year, DDA come up with its new housing scheme 2017 named “DDA Aawasiya Yojana 2017” for the allotment of 12,000 residential flats of various types such as LIG, MIG, HIG, and Janta flats at the cost of between
Rs7.07 lakh and Rs1.26 crore.

According to the sources, the people are not showing their interest in this scheme. The number of applicants might be lower than its previous 2014 housing scheme. This thing is happening due to the forfeiture clause.

According to the clause, if an applicant surrenders his application before the draw date. In this case, no money will be deducted from his or her registration amount. If applicant surrenders his or her application before the issuance of the demand letter, only 25% amount would be deducted from the registration fee.

If buyer surrenders his or her flat within 90 days of the issue of the demand letter, 50% of the fee would be deducted. Beyond that time, the entire registration fee will be forfeited.

However, DDA’s 2014 housing scheme flopped due to the unserious buyers or brokers applying for the scheme and they returned these flats due to the small size of flats.

If any applicant wants to apply for this scheme, the applicant will have to deposit Rs. 1lakh as registration fee for LIG and Janta flats and Rs. 2 lakh to book MIG and HIG flats.

In order to attract home buyers, DDA has removed the five years lock-in period and the scheme is linked with Central government’s Pradhan Mantri Awas Yojana. Where the people will be able to get the interest subsidy on the home loan.

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