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Venkaiah Naidu launches DDA housing scheme 2017; 12,000 houses on offer

Five-year lock-in period removed; over 99 percent houses eligible for interest subsidy under PMAY urban.

As many as 12,000 houses are on offer in the latest edition of the DDA Housing Scheme 2017 launched in the Capital today. DDA has incentivised this year’s offer by removing the five year lock-in period for resale besides retaining the prices at the 2014 levels. Eligible allottees can avail interest subsidy of Rs 1.40  lakh to Rs.2.67 lakh under the Credit Linked Subsidy component of  Pradhan Mantri Awas Yojana (Urban).

Minister of Urban Development M Venkaiah Naidu today launched DDA’s offer of 12,072 houses under DDA Awasiya Yojana-2017 of which over 99 percent houses are meant for the middle income group, lower income group and janta categories.

The minister also said that DDA would be offering a total of one lakh houses, as many as 20,000 per year till 2022 to further the mission of Housing for All. He also said that the Real Estate (Regulation and Development) Act, 2016 (RERA) that came into effect on May 1 and introduction of GST from tomorrow would bring the much desired correction in real estate sector.

“GST is going to reduce prices of houses and we appeal to builder community once again to pass on the benefits of GST to the buyers. Both GST and RERA will bring about the much needed transformation and reform in the sector,” he said.

DDA has incentivised this year’s offer by removing the five year lock-in period for resale besides retaining the prices at the 2014 level and addressing the infrastructure gaps. Moreover, the eligible allottees can avail interest subsidy of Rs 1.40  lakh to Rs.2.67 lakh under the credit-linked subsidy component of  Pradhan Mantri Awas Yojana (Urban).

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The houses on offer on ‘free hold basis’ are located at Dwarka, Rohini, Pitampura, Paschim Vihar, Janakpuri, Vasant Kunj, Narela, Jasola, Siraspura etc. Most of these are constructed as per green building norms reducing the carbon footprint.

Details of category-wise availability and prices are:
CategoryNo of flatsTentative Cost (Rs. in lakhs)
High Income Group       8753.52 – 126.81
Middle Income Group     40431.32 –   93.95
Low Income Group/One bed room    11,19714.50 –   30.30
Janta     384  7.07 -    12.76

The offer is open from today and closes on August 11, 2017 and draw of lots will be in the first week of November, 2017 which will be web streamed.  Applications can be made both ‘online’ and ‘off line’ and only seven choices of locations are allowed.

The applicants will have to deposit registration fee of Rs 1lakh for Janta and LIG/one-bedroom units and Rs 2 lakh for MIG and HIG.

Application forms at a cost of Rs.200 each are available at various designated branches of SBI, Central Bank of India, IDBI, Axis Bank, ICICI Bank Ltd, HDFC Bank, Yes Bank, Kotak Mahindra Bank besides DDA Counter No.11, D-Block, Vikas Sadan, New Delhi.

As many as 15 percent of the houses on offer are reserved for SCs, 7.50 percent or STs, 3 percent for differently-abled persons and 1 percent each for war widows and ex-servicemen.

Surrender clause/cancellation charges

After the draw of lots, 25 percent of application money will be forfeited if an allottee surrenders the offer before issue of demand-cum-allotment letter, 50 percent if surrender is made till 90th  day from the date of issue of demand –cum-allotment letter and full amount if the surrender is made till 180th day from that of issue of demand-cum-allotment letter which is the date of automatic cancellation.

Unsuccessful applicants will be refunded within 30 days from the date of draw of lots ‘online’ only and if not, interest will be paid at the rate of8 percent per year. Site visits are allowed before applying.

Uday Pratap Singh, vice chairman, DDA, informed that DDA has so far built 4.25 lakh houses for the people of Delhi besides enabling availability of over eight lakh houses through 1,100 cooperative societies.

He also said that all the flats under the 2017 are being offered with 30-year maintenance.

Officials said that nearly 11,000 flats include those that were surrendered after the 2014 draw. As for the 20,000 flats that DDA is expected to construct every year until 2022, “these would be bigger and better houses,” they said, adding, “these will come up in areas such as Narela, Dwarka and Rohini.”

They also said that the five-year lock-in period for the 2014 allottees would be removed this year.

The first lot of the 20,000 units will be launched by mid-2018, they said.

Vandana.ramnani@nw18.com
first published: Jun 30, 2017 07:13 pm

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