Some facts that you need to know about DDA's 2014 Housing Scheme
The biggest housing scheme has recently been announced by the Delhi Development Authority (DDA). Under the ambitious scheme the Housing Authority will be offering over 25,000 flats in Delhi under various categories. Listed below are some facts that you should know about DDA's 2014 Housing Scheme.
Some key facts:
- Registration of flats in Delhi will start on 1st of September 2014, the last date of receiving the application has been set at October 9th 2014.
- The draw would happen within 15 to 20 days after October 9th 2014.
- The Housing Authority has added a new clause according to which, a buyer cannot sell his DDA alloted flat till five years after possession.
- The quota plan to reserve 80% flats for the people of Delhi has been scrapped.
- Registration fee for flats in general category will be Rs 1 lakh, whereas for EWS (Economically Weaker Section) category the registration fee will be Rs 10,000.
- A ceiling cap of Rs 1 lakh as annual income has been set for all those who are applying under EWS category.
- Out the 25,034 flats, around 22,627 are one-bed room apartments, 896 flats are newly-constructed flats of which 512 are set aside for middle income group.
- Seven Hundred flats are reserved for EWS category people.
- The price bracket for MIG flats ranges from Rs 41.30 lakh to Rs 69.90 lakh, whereas one-bedroom flats are priced around Rs 10 lakh. For HIG flats, the price is over 1 crore, whereas the EWS flats will range from Rs.7 lakh to Rs.11 lakh.
- To apply for an allotment of a flat, only a photocopy of PAN card along with the application form has to be submitted.
- No income limits has been set for the allotment of one-bedroom apartments .
- Payment of flats under EWS category can also be done in installments.
- One person will be eligible to submit only one application. A husband and a wife can submit separate forms, subject to fulfillment of eligibility conditions, but if both become successful allotees, one of them will have to surrender the allotment of a flat.