News & Views on Indian Real Estate

Wednesday, October 01, 2008

Draw of lots for DDA housing scheme by December 15

Two weeks after the Delhi Development Authority (DDA) closed its Housing Scheme 2008, where 5,010 flats are up for sale; the agency has started the process of scrutinizing the application forms. Officials said they planned to hold the draw of lots for the flats before December 15. Senior DDA officials said 12.64 lakh application forms were sold and downloaded. Of them, 5.12 lakh forms were finally submitted in different banks authorized by the DDA. For applicants, it's going to be a tough competition: for each of the 5010 flats, there will be 102 applicants. Those who don't get lucky in the lottery would get back their registration money from January. "Scrutiny of forms will be completed by November 20.Once scrutiny is over, forms which will be eligible for the draw will be uploaded in official website www.dda.org.in."DDA launched the housing scheme on August 6 after a gap of two years. The scheme offers 5,010 ready-to-move flats priced between Rs 7.95 lakh and Rs 11.90 lakh in areas like Rohini, Vasant Kunj, Dwarka, Paschim Vihar and Pitam Pura Pitampura, Dwarka, Motia Khan, Paschim Vihar, Dilshad Garden, Vasant Kunj, Narela, Shalimar Bagh, Jhilmil, East of Loni Road, Nand Nagari, Peeragarhi, Sarai Khalil, Rohini, Lok Nayak Puram, Bindapur and Zafrabad.DDA officials said the flats were 40 per cent cheaper than the market rate. Applicants had deposited a registration amount of Rs 1,50,000 at the time of submitting the application forms.

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