NEW DELHI: The sale of forms for Delhi Development Authority's
much-awaited mega housing scheme will begin from September 1. It's the
DDA's biggest sale so far and involves 25,034 flats, out of which 22,627
are one-bedroom units and around 1,800 two and three-BHK apartments.
Forms can be submitted till October 9 and allottees will be picked through a draw of lots to be announced by October end. TOI was the first to report the details of the scheme on May 29 this year. The flats are being offered in the range of Rs 7 lakh to Rs 1.2 crore across categories.
To apply, one will have to deposit Rs 1 lakh as registration amount which will be returned if the flat is not allotted. The registration amount for EWS flats is Rs 10,000.
http://www.cplusplus.com/user/needutobe/
One of the highlights of this year's housing scheme, DDA's 44th, will be the huge corpus fund, Rs 360 crore, to take care of maintenance of the flats for the next 30 years. This includes not only civil, but for the first time, electrical maintenance as well. DDA has promised to deliver all the flats by March next year.
Another first in this year's housing scheme will be a five-year lock-in period, within which allottees will not be allowed to sell their flats. The decision aims to curb speculative buying of properties. The move meet with some resistance by some authority members, but was cleared by DDA's chief legal advisor.
A proposal to reserve 80% of the properties for Delhiites was turned down during DDA's board of directors' meeting with chairperson Najeeb Jung. However, a few officials said on condition of anonymity that Delhiites may ultimately suffer in comparison to applicants from outside the capital.
One of the clauses forbids Delhiites, who own a plot or a flat measuring more than 67 square metres in the capital, from participating in the housing scheme.
"However, any Delhiite owning property outside the city can participate in the draw. While this clause benefits those without flats, it does so unfairly only at the cost of property owners of the capital," the official said.
A day after the Lieutenant-Governor cleared it, the Delhi Development Authority’s (DDA) on Friday announced the launch of its biggest-ever housing scheme on September 1. The DDA said its 2014 housing scheme, which has over 25,000 housing units on offer, will be closed on October 9 and the draw of lots will be conducted by end of October.
http://www.projectnoah.org/users/Megaer%20Renar
“The DDA will conduct the draw of lots within 20 days of the closing of the scheme through a third agency, which will be a government agency,” Balvinder Kumar, DDA vice chairperson, said.
Having announced the launch of the scheme on Friday, Kumar said plans to develop over 1.5 lakh housing units in the next four years was already in the pipeline.
The authority claims the selling point for houses under the 2014 scheme is the emphasis on green technology and a huge corpus fund — over Rs 300 crore — for maintenance of flats over the next 30 years. The fund — which is also the biggest in magnitude the DDA has ever introduced — will be constituted through a fixed sum, over Rs 1 lakh, that will be collected from every flat owner. The DDA has included this sum in the cost of flats.
Forms can be submitted till October 9 and allottees will be picked through a draw of lots to be announced by October end. TOI was the first to report the details of the scheme on May 29 this year. The flats are being offered in the range of Rs 7 lakh to Rs 1.2 crore across categories.
To apply, one will have to deposit Rs 1 lakh as registration amount which will be returned if the flat is not allotted. The registration amount for EWS flats is Rs 10,000.
http://www.cplusplus.com/user/needutobe/
One of the highlights of this year's housing scheme, DDA's 44th, will be the huge corpus fund, Rs 360 crore, to take care of maintenance of the flats for the next 30 years. This includes not only civil, but for the first time, electrical maintenance as well. DDA has promised to deliver all the flats by March next year.
Another first in this year's housing scheme will be a five-year lock-in period, within which allottees will not be allowed to sell their flats. The decision aims to curb speculative buying of properties. The move meet with some resistance by some authority members, but was cleared by DDA's chief legal advisor.
A proposal to reserve 80% of the properties for Delhiites was turned down during DDA's board of directors' meeting with chairperson Najeeb Jung. However, a few officials said on condition of anonymity that Delhiites may ultimately suffer in comparison to applicants from outside the capital.
One of the clauses forbids Delhiites, who own a plot or a flat measuring more than 67 square metres in the capital, from participating in the housing scheme.
"However, any Delhiite owning property outside the city can participate in the draw. While this clause benefits those without flats, it does so unfairly only at the cost of property owners of the capital," the official said.
A day after the Lieutenant-Governor cleared it, the Delhi Development Authority’s (DDA) on Friday announced the launch of its biggest-ever housing scheme on September 1. The DDA said its 2014 housing scheme, which has over 25,000 housing units on offer, will be closed on October 9 and the draw of lots will be conducted by end of October.
http://www.projectnoah.org/users/Megaer%20Renar
“The DDA will conduct the draw of lots within 20 days of the closing of the scheme through a third agency, which will be a government agency,” Balvinder Kumar, DDA vice chairperson, said.
Having announced the launch of the scheme on Friday, Kumar said plans to develop over 1.5 lakh housing units in the next four years was already in the pipeline.
The authority claims the selling point for houses under the 2014 scheme is the emphasis on green technology and a huge corpus fund — over Rs 300 crore — for maintenance of flats over the next 30 years. The fund — which is also the biggest in magnitude the DDA has ever introduced — will be constituted through a fixed sum, over Rs 1 lakh, that will be collected from every flat owner. The DDA has included this sum in the cost of flats.
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