Winners Of DDA Housing Scheme 2017 Announced

For all those had applied for the Delhi Development Authority's housing scheme for 2017, it is time to keep your fingers crossed. The DDA has announced that the draw, for which it received more than 46,000 applications, will be held today.

The 12,617 flats across four income categories are located at Rohini, Dwarka, Narela, Vasant Kunj, Jasola, Pitampura, Paschim Vihar and Siraspur. Of this, 85 flats are being offered to the high-income group, 403 flats to the middle-income group and 11,757 flats to the low-income group. There are 372 Janta flats on offer, too.

For the HIG category, units are priced between Rs 53.52 lakh and Rs 1.26 crore; for the MIG category, flats are priced between Rs 31.32 lakh and Rs 93.95 lakh; flats meant for the LIG category are priced at Rs 14.50 lakh to Rs 30.30 lakh; and Janta flats are priced between Rs 7.07 lakh and Rs 12.76 lakh.

The draw for the scheme, which was launched on June 30, will be streamed online on http://webcast.gov.in/dda.

You can check the complete list of winners here -

Here is all you need to know about the scheme:

The offer

There will be about 12,000 units up for sale spread across localities such as Rohini, Dwarka, Narela, Vasant Kunj and Jasola. Of the total units up for sale, 10,000 flats are from the 2014 scheme and the remaining are the apartments that have been lying vacant with the development authority. This means there are no new units on offer.

However, if you do get lucky and are allotted a flat, it might be a great opportunity to grab a precious property which might not be affordable otherwise. In 2014, the DDA sold units between Rs 7 lakh (the lower band) and Rs 1.2 crore (the upper band). Considering the prevailing prices in the localities, the DDA units are way more affordable.

Also read: Things To Know About Upcoming Old-Age Homes By DDA

The rate card

Here is a look at the average market price of property in the localities where the DDA flats will be up for sale, based on data from PropTiger.com and Makaan.com:

• At Dwarka, average rate of property is Rs 4,067 per sqft while monthly rents can go as high as Rs 32,000, depending on the sector and developer.
• At Rohini, average rate of property is Rs 5,850 per sqft while monthly rents can go as high as Rs 13,200.
• At Jasola, average rate of property is Rs 9,982 per sqft while monthly rents can go as high as Rs 26,500.
• At Narela, average rate of property is Rs 3,300 per sqft while monthly rents can go as high as Rs 16,000 for a 3BHK.
• At Vasant Kunj, average rate of property is Rs 12,750 per sqft while monthly rents can go as high as Rs 35,000 for a 3BHK.

Penalty

In case an allottee returns the flat, he will have to pay a penalty ranging between 25 per cent and even in some cases 100 per cent of the earnest money. This move, according to the DDA, will ensure that only serious buyers participate in the scheme. This move came after what the DDA witnessed in 2014, when almost 50 per cent of the allotted flats were returned by the buyers later. 

The categorisation

These flats are meant to be sold to low-income groups (LIG), middle-income groups (MIG) and high-income group (HIG). Unlike earlier, there is no provision for economically weaker sections. While the registration charge for low-income and middle-income categories is Rs 1 lakh, it is Rs 2 lakh in case of HIG flats.

The banks

The housing development body had also tied up with 10 banks for the scheme-related transactions. The banks include Axis Bank, Bank of Baroda, Canara Bank, Central Bank, HDFC, ICICI, IDBI, Kotak Mahindra, SBI and Yes Bank.

The catch

Open only to the genuine buyers: Owing to the troubles the development body had while selling flats in its 2014 scheme, DDA's Principal Commissioner (Housing) J P Agarwal said the DDA wanted genuine people to apply and ward off market speculation. While you will be able to surrender the flat in case you decide not to take possession, you will have to forfeit the registration charge to do so. Also, there would be no provision for a lock-in period.

"People are free to visit the areas where the flats are being offered before making up their mind. We have also removed the lock-in period clause, as we realised, this was also a factor in buyers surrendering the flats. This is also to keep a check on those elements who do market speculation," a DDA official quoted by Press Trust of India as saying.

Work in progress: The DDA had to launch this scheme in February. However, ongoing work on building infrastructure and other amenities has resulted into a delay in the launch. In April, Baijal, also the DDA chairman, had told officials to establish connectivity and basic infrastructure before launching the scheme.

Updating on this Agrawal said, “The DDA had made every possible effort to address all concomitant issues, including water supply and transportation.” Earlier, Agarwal had said that the Delhi Jal Board had committed to the DDA to ensure water supply in all areas where it is lacking.

"We have also written letters to the Delhi Metro and DTC (Delhi Transport Corporation) authorities seeking transport infrastructure in these areas," he added.

One of the two: Also, if you and your wife both have applied and are allotted flats, one of you will have to let go of the property.

Also read: How Does DDA's Draw Of Lots Work?

With inputs from Sunita Mishra