DDA’s new scheme launch most likely on June 30

New Delhi, June 27

The Delhi Development Authority's much-awaited new housing scheme with 12,000 flats on offer is "almost certain" to roll out on June 30, officials said today.

Top DDA officials said the brochure for the scheme was ready and all other modalities had been put in place.

"We are all set for the launch of the new scheme. As of now, June 30 as the date for its roll-out looks almost certain," a senior official said.

Logical constraints, from printing of brochures to linking with partnering banks, had been ironed out, he said.

"We have to ensure everything is in order before we make the scheme public. And, at this time, things do look in order," the official added.

The urban body had set mid-June as the target date for the launch of the scheme, which was earlier slated to be announced by February.

But ancillary infrastructure work, such as building of connecting roads and installation of streetlights, had stretched the deadline, he said.

"The scheme has also been linked to the Pradhan Mantri Awas Yojana," the official said.

Out of the total number of flats, most of them in Rohini, Dwarka, Narela, Vasant Kunj and Jasola, 10,000 unoccupied flats were from a 2014 housing scheme, while 2,000 flats had been lying vacant.

Seeking to deter "unserious buyers" and check market speculation, the DDA this time has proposed multi-tiered penal measures.

"If a prospective buyer surrenders his application before the date of draws, no money will be deducted from his or her registration fee. If a buyer does so after the draw but before the issue of a demand letter, 25 per cent of the registration fee will be forfeited," another official had earlier said.

The urban body has tied up with 10 banks for the sale of application forms and scheme-related transactions.

The banks are Axis Bank, Yes Bank, IDBI, Bank of Baroda, Central Bank, SBI, Kotak Mahindra, HDFC, ICICI and Canara Bank. — PTI