Housing scheme 2014 collections fall short of expectation

Canada  to Participate India's Housing for All

The DDA housing scheme for 2014 aiming to include middle and lower middle-class failed to show the figures that were expected as the agency closed the collection of forms on Wednesday.

Till 5 pm on Wednesday 7.5 lakh forms were collected, which is much lower than expected for the scheme which was thought as one of the biggest ever announced by DDA.

“The draw of lots has been scheduled on November 5, which will be worked out by a three-member independent committee comprising a High Court judge, an IIT professor and an NIC official,” the DDA said

Online applications would be accepted till midnight. The tiresome file system has been eliminated with the launch of this scheme on September 1, the DDA said. The entire data for this project is also being maintained online, a senior official said, where 40 per cent of all the applications were submitted online.

“We have collected close to 7.5 lakh forms till Wednesday, though we were expecting higher numbers. One reason (for lower numbers) could be the condition of a five-year lock-in period to sell the flats. Another reason is that 90 per cent of the flats on offer were one-bedroom sets catering mainly to the lower income group. So those from the higher income group did not apply,” Balvinder Kumar, vice-chairperson of the DDA, said.

The 2014 Housing Scheme has over 25,000 housing units on offer and has been scheduled for getting closed on October 9. The last date was later extended till October 15.

“This fund is the biggest the DDA has ever introduced and will be constituted through a fixed sum of Rs 1 lakh — the registration fee charged from every applicant — that will be retained from every flat owner. The DDA has included this sum in the cost of flats,” a senior official said in his statement.

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