Thursday, April 14, 2011

DDA draw of lots for 16,000 flats next week

NEW DELHI: Your dreams of owning a house under Delhi Development Authority's (DDA) housing scheme could soon turn into reality. DDA is going to hold a draw of lots to select the successful applicants next Monday. According to the land agency, this housing scheme is the biggest ever with 16,000 flats on offer. A total of 7.4 lakh people have applied under the scheme. The possession of flats will, however, take place towards the end of the year only. 

This time the draw of lots will not take place at Vikas Sadan, DDA's headquarters, but will take place in Noida. "The draw will take place in the office of another central government department, CDAC, located in Noida. A big screen TV will be put up outside their office for anyone who wants to view the process live. No outsiders will be allowed to enter the hall where the draw will be held as the premises is not large enough," said a DDA official. 

The one, two and three bedroom flats that are on offer are located in areas like Vasant Kunj, Mukherjee Nagar, Motia Khan, Jasola, Dwarka, Rohini, Narela, Jaffarabad, Kondli and Gharoli. There is a mix of one-bedroom, two-bedroom and three-bedroom houses and the prices range from Rs 9 lakh to Rs 1.12 crore. 

The housing scheme was launched on November 25, 2010, and the registration amount varied from Rs 1.5 lakh to Rs 50,000 depending on the type of flat. "The names of the successful applicants will be on the DDA website - and will also be published in major newspapers," said an official. 

After the draw of lots is over, the allotment-cum-demand letters will be dispatched through post. The registration fee which was deposited at the time of application will be returned to the unsuccessful applicants by the end of April. "The person's bank shall be responsible for the dispatch of refund cheques to the unsuccessful applicants," said an official. 

Meanwhile, the allottee will be liable to make the payment for the flats within 90 days from the date of issue of demand letter without interest. Thereafter, the allottee is liable to deposit the amount in not more than 90 days along with payment of 15% interest. If the payment is not made within 180 days, including the interest - from the date of demand letter - allotment of the flat will be automatically cancelled. All allotments shall be made on freehold basis. However, the title will be transferred only when conveyance deed is executed in favour of the allottee and is registered in the office of sub-registrar," added an official. 

The draw of lots for 5,238 DDA flats that took place on December 16, 2008, had stirred quite a controversy.

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