On June 30, Delhi Development Authority announced its DDA Housing Scheme 2017, with more than 12,000 residences in LIG, MIG and HIG categories on offer. The scheme is related to the “Credit Linked Subsidy Scheme” under Pradhan Mantri Awas Yojana (PMAY) – (Urban) Housing for all. PropStory attempts to provide a comprehensive overview, including inputs from a visit to one of the DDA societies, latest news, and vital information from the publicly-available brochure.
Information at a glance:
- Total number of flats – 12,072 (approx. 11,000 in LIG)
- Nature of Ownership – Free hold
- Last date of Application – Friday, 11th August 2017. Click here for applying online.
- Eligibility – Citizen of India having completed 18 years of age on date of submitting the application. Having a PAN Card is mandatory.
- Application Fee – Rs. 1,00,000/- (Janta Flats & LIG/1BHK), Rs. 2,00,000/- (MIG and HIG)
- Location preferences allowed – Maximum of 7
- Localities in Delhi – Vasant Kunj, Jasola, Sukhdev Vihar & Sarita Vihar, Dwarka, Pitampura, Paschim Vihar and Vikas Puri, Rohini (multiple sectors), Kondli-Gharoli, Nasirpur, Jahangirpuri, Mukherjee Nagar, Narela, Kalyan Vihar, Loknayak Puram, Siraspur, Mangolpuri, Sultanpuri, Raghubir Nagar, Hastsal, Shivaji enclave, Anand Vihar, Toda Pur, Trilok Puri
- Participating Banks (with 8 nodal branches) – State Bank of India (INA Market), Central Bank of India (INA Market), IDBI Bank (KG Marg), AXIS Bank (Nehru Place), ICICI Bank (Phelps Building), HDFC Bank (E-block Connaught Place), YES Bank (DLF Cyber City, Gurgaon), Kotak Mahindra Bank (Safdarjung Enclave)
Important Note – applicant should not own residential flat/plot (in full or in part) on Lease hold or Free hold basis in urban areas of Delhi/New Delhi/Delhi Cantonment either in their name or in the name of spouse/dependent relations/unmarried children. One person can submit one application only – either in his/her own name or as a joint applicant.
The cost of the flats is between Rs 53.52 lakh and 1.26 crore for HIG, for MIG flats between Rs 31.32 lakh and 93.95 lakh, LIG flats between Rs 14.50 lakh and 30.30 lakh and Janta flats between Rs 7.07 lakh and 12.76 lakh. Unlike 2014, there is no lock-in period of 5 years in the 2017 Scheme.
With just over 3 weeks to go for the deadline (and 3 weekends, if one would like to visit the flats), we are bringing more details regarding costs and location as per Annexure ‘A’ of the DDA Housing Scheme 2017 Brochure. Our Delhi-NCR team visited one of the DDA LIG Complexes (1 BHK flats) in Dwarka last week to collect general information and actual photographs. We have also compiled a table for ready reference on overall infrastructure and connectivity of the different localities where the flats are being offered.
DDA Housing Scheme 2017 : Flat types, Costs and Localities
The information presented here is available in Annexure ‘A’ of the Brochure. However, we have grouped the data location-wise and then category-wise, so that it is easier for readers to gather useful information. The floor area of the flats is given in terms of “Plinth Area” (square meters), which is closer to built-up area and not carpet area:
|Locality||Type of Flat (Area Code) – Total No. of Flats||Plinth Area Range (in square metres)||Tentative Disposal Cost (Rs. In Lakhs)|
|Vasant Kunj||HIG (10) – 20||72.4 – 116.4||58.4 – 93.9|
|Jasola||HIG (11) – 12||105.4 – 131.9||85.8 – 126.8|
|LIG (31) – 4||28.2 – 46.1||15.6 – 26.0|
|Sukhdev Vihar & Sarita Vihar||HIG (12) – 2||77.5 – 104.1||62.5 – 84.2|
|Dwarka||HIG (13) – 20||91.6 – 135.6||61.1 – 109.2|
|Dwarka (Nasirpur)||MIG (21) – 10||74.1 – 109.8||44.9 – 73.9|
|Dwarka Sector 23-B**||LIG (36) – 378||33.2 – 33.8||20.1 – 20.5|
|Pitampura||HIG (14) – 3||102.6 – 103.8||65.3 – 66.1|
|Paschim Vihar & Vikaspuri||HIG (15) – 7||85.2 – 98.6||54.2 – 62.7|
|Loknayak Puram, Paschim Vihar||LIG (33) – 404||42 – 44.3||20 – 22.7|
|Rohini Sectors 11 & 18||HIG (16) – 2||84.0||53.5 – 53.5|
|Rohini Sector 29||HIG (17) – 14||151 – 156.6||100.2 – 103.9|
|Rohini Sector 21,23,24,28||MIG (22) – 23||72.2 – 88.1||43.1 – 57.0|
|Rohini Sector 16 to 29||LIG (32) – 77||38.2 – 48.3||24.4 – 30.3|
|Rohini Sector 34 & 35||LIG (37) – 4349||33.3 – 33.8||20.1 – 20.5|
|Kondli Gharoli||HIG (18) – 7||124.8||79.6|
|Kondli Gharoli, Loni Road, Jafrabad||LIG (34) – 10||31.4 – 61||16.7 – 23.5|
|Jahangirpuri||MIG (23) – 4||99.7||50.5 – 78.1|
|Ramgarh Colony, Near Jahangirpuri Metro||LIG (40) – 268||31.9 – 35.3||19.7 – 21.7|
|Narela, A-10||MIG (24) – 3||75.9 – 79.9||31.3 – 32.9|
|Narela Pocket A-9||MIG (26) – 331||109||70.63|
|Narela||LIG (35) – 36||41.43 – 52.6||15.4 – 19.6|
|Narela, Pockets G2 & G8||LIG (38) – 3612||33.2 – 33.8||14.8 – 15.0|
|Mukherjee Nagar (Cat. II)||MIG (25) – 31||126.1 – 131.6||90 – 93.9|
|Kalyan Vihar||MIG (27) – 2||80.2 – 90.6||52.91 – 60.34|
|Siraspur||LIG (39) – 2059||35.7 – 36.3||18.4 – 18.7|
(Source : DDA Housing Scheme 2017 Brochure, Annexure ‘A’) **Visited by PropStory
Over 60% of the LIG Flats (11,197 in total) are located in Rohini (Sectors 34-35) and in Narela (Pockets G2 & G8) combined. MIG and HIG flats are rather few, totaling less than 500 out of 12,072 flats. Jasola, Dwarka and Sector 29 in Rohini have select HIG flats costing over Rs. 1.00 Crores. The most economically priced flats across segments are available mostly in Narela and Rohini. Sector 4 in Rohini also happens to have close to 63% of all Janta Flats, which stand at a small total of 384. Dwarka sub-city has every category of flats in DDA Housing Scheme 2017, including Janta Flats, which are listed in a separate table below:
|Locality||(Area Code) – Total No. of Flats||Plinth Area Range (square metres)||Tentative Disposal Cost (Rs. In Lakhs)|
|Rohini, Mangolpuri, Sultanpuri||(51) – 42||20.9 – 29.2||9.7 – 11.7|
|Nasirpur, Dwarka||(52) – 41||26.1 – 27.7||9.1 – 9.6|
|Raghubir Nagar, Vikaspuri, Hastsal, Shivaji Enclave, Paschim Vihar||(53) – 21||18.8 – 27.6||8.5 – 11.4|
|Kondli Gharoli, Anand Vihar, Toda Pur, Trilok Puri||(54) – 9||18.8 – 41.2||8.4 – 12.7|
|Narela||(55) – 32||26.11 – 28.19||7.07 – 7.64|
|Rohini Sector 4 (ORT)||(56) – 239||28.01 – 28.81||9.2 – 9.4|
For the Janta Flats, the asking rate generally ranges between Rs. 3,000-3500/- per square foot. For HIG flats, and with respect to location and infrastructure in the area, the prices per square foot fall between Rs. 6,000 – 7,500/-. For comparison purposes, other 3 BHK DDA flats in Vasant Kunj (Sector D) are priced well above Rs. 11,000/- per sq ft as per market data.
DDA Housing Scheme 2017 : Location, Connectivity and Infrastructure
Based on individual requirements and preferences, one can get a fair idea about the kind of social and civic infrastructure in the areas where flats are available for sale under DDA Housing Scheme 2017. Here is a concise summary:
|Locality (Region)||Schools / Colleges||Hospitals||Nearest Metro(s)|
|Vasant Kunj||Ryan International, Delhi Public School, GD Goenka School, DAV, Shemrock Gyan Vatika, Eurokids Preschool, The Heritage School||Fortis, Vikas Hospital, CGHS Dispensary, Sukhmani, Indian Spinal Injuries Centre, Institute of Liver and Biliary Sciences||Qutub Minar,
Chhatarpur (Yellow Line)
|Jasola||Govt. Sr. Secondary School, Jasola Public School, DAV, Ideal Publid School, Jamia Ahlebait, Shaheen||Indraprastha Apollo, Sanjeevani, CRIBS, Delhi ENT Hospital||Jasola Apollo (Violet Line)|
|Dev Samaj Modern School, Jamia Millia Islamia University; Sanskar Preschool, Sunrise, GD Goenka, AB Lincoln||Sujan Mahindra Hospital, Holy Family, Fortis Escorts, Centre for Sight
Apollo, Fortis, CGHS Wellness Centre
|Kalkaji Mandir, Harkesh Nagar (Violet Line)
Sarita Vihar (Violet Line)
|Dwarka – Sector 23 B||Hamilton International, Basava International, Paramount International, New Era (Sector 25)||Artemis Hospital in Sector 20; Other small private clinics and pharmacies||Sector 21 Metro (Blue Line & Airport Express Line) at 3 km|
|Nasirpur||Guru Harkrishan, RM Convent, JR Public School, Solanki Public School||Dada Dev Hospital, World Brain Center, Shakuntala nursing Home||Janak Puri West & East (Blue Line) at 4-5 km|
|Pitampura||Maharaja Agrasen, Presidium, Springfields, Presidency School, MM Public School||Sarvodaya Childcare, Mahajan Eye Centre, Max Hospital, Krishan Hospital||Pitampura, Kohat Enclave, Netaji Subhas Place (Red Line)|
|Paschim Vihar||Richmond Global, Maxfort School, KR Mangalam World School, DAV, Bosco, Neo Convent, Doon Public, Little angels, GD Goenka||Kalawati Kaustubh, Jain Hopital, Sparsh, Medstar,
Sumitra Hospital, B K Memorial, Balaji Action, Maharaja Agrasen
|Shivaji Park, Madipur, Paschim Vihar East & West, Peera Garhi (Green Line)|
|Loknayak Puram||MCD School, Pioneer Convent, GBSS School||Karuna Sindhu, Shree Hospital, Cygnus Sonia||Mundka (Green Line) at 5 km|
|Vikaspuri||KR Mangalam World School, St. Cecilias, Ramakrishna Sr. Secondary, Shemrock Eden, Kendriya Vidyalaya||Shankar Hospital, Healing Touch Eye Centre, Golden Eye Hospital, Sharma Hospital, Gupta Hospital||Janakpuri East, Uttam Nagar East (Blue Line)|
|Rohini (all listed sectors)||DTU, Delhi Public School, GD Goenka, Mt. Abu Public School, Lancer’s Convent, Heritage, Maxfort, Rukmini Devi Public School, DAV||Premadhar, Bhagwan Mahavir Hospital, Rajiv Gandhi Cancer Institute, Santom, Shri Aggarsain, Avantika, Jaipur Golden||Rohini East, Rohini West, Rithala (Red Line), rohini Sector 18,19 (Yellow Line)|
|Kondli Gharoli||Prithviraj, Blooming Flowers, St. Mary’s, New Tagore Public School, Dinkar National, Anglo India||Raj Rani Hospital, Malik Hospital, Sai Nursing Home, Dharamshila Narayana, Life Care||Mayur Vihar Ph-1 Extension, New Ashok Nagar (Blue Line)|
|Jafrabad (also Zafrabad or Jaffrabad)||Oracle Pubilc School, New Moon, Maulana Azad School, JM Convent, Sarvodaya||Ruby Hospital, Kamaal Nursing Home, Mamta Nursing Home||Seelampur, Welcome (Red Line) at 3 km|
|Govt. Boys Sr. Secondary School(GBSSS), MCD Primary School, St. Ramjas Convent, Arya Hansraj Model School, Jan Shikshan Sansthan||Max Super-specialty (Shalimar Bagh), Sanjay Global, Babu Jagjivan Ram, Anand Maya, Tyagi Hospital, Dharmarth||Jahangir Puri, Haiderpur Badli Mor, Adarsh Nagar (Yellow Line)|
|Narela||Kendriya Vidyalaya, Kidzee, Shemrock, DAV, Daffodil Public School, Rajkiya Pratibha Vikas Vidyalaya||Shanti Mohan Hospital, Rathi Hospital, Sudarshan Nursing Home, Shraddha, Samarpan, MCD Hospital||Samaypur Badli, Rohini Sector 18-19 (Yellow Line)|
|Mukherjee Nagar||Toddlers Home, Venus Public School, Aditya Convent, Sarvodaya Vidyalaya, Anglo Indian Public School, Venus||Nulife, MVID, Balak Ram Hospital, Sant Nirankari Charitable Hospital, Hans Charitable Hospital||GTB Nagar, Model Town, Azadpur (Yellow Line)|
|Kalyan Vihar||Mother’s Pride, St. Paul Prep. School, Sunrise Convent, Mahavir Junior Model School, Little Fairy||Aditya Medical Centre, Gupta Dental, Private clinics, Rajan Babu Pulmonary Institute||GTB Nagar Metro, Model Town (Yellow Line)|
|Siraspur||In neighbouring localities – Govt. Boys Sr. Secondary School, HR Public School, Panacea National, Adarsh||New Life Hospital and Research Center||Samaypur Badli (Yellow Line) at 3.5 km|
|Mangolpuri, Sultanpuri||ITI, Savodaya Vidyalaya, Tula Ram, Mange Ram Memorial School, GBSSS, MCD School, Karan Public School||Tamar Multispecialty, Hari Hospital, Sanjay Gandhi Hsopital, Ortho Junction, NHMC, Vivo||Peera Garhi, Surajmal Stadium, Nangloi (Green Line)|
|Raghubir Nagar, Shivaji enclave||Holy child, Maple Bear, Guru Ramdas Public Middle School, South Delhi MCD School, Shemrock, Gurukul||Delhi govt. dispensary, Guru Gobind Singh Hospital, Khetarpal, Kalra, Kukreja Hospital, ESI||Tagore Garden, Rajouri Garden, Ramesh Nagar (Blue Line)|
|Hastsal||Pioneer Kamal Convent, Puja Convent, RP Memorial, Holy International, RP Memorial Public School, GBSSS||Asha Hospital, Barkat Ram Memorial, Mata Chandana, Mahindru, PGH, Balaji Hospital||Uttam Nagar East & West, Nawada (Blue Line)|
|Anand Vihar||GD Goenka, Arunodaya, Sapphire International, Sneh Int’l, Vivekanad School,||Cosmos Super-specialty, Anant Jyoti Eye Hospital, Indus Health||Anand Vihar Terminal (Blue Line)|
|Toda Pur||MCD Primary School||Mohalla Clinic Todapur||Rajendra Place, Patel Nagar (Blue Line) at 3.7 km|
|Trilok Puri||ICFAI , Rishabh Public School, Mother Mary’s, GBSSS, Simran Public School, Dream Rose School, Bal Vikas||Jeevan Anmol, Tomar Orthopaedics, Rotary Eye Hospital, Dharmarth,||Mayur Vihar Ph-1 Extension, Mayur Vihar Phase 1 (Blue Line)|
DDA Housing Scheme 2017 : Sample Layouts
For the purpose of understanding the internal floor plan of the flats, few sample layouts are shared below. All dimensions are in millimeters.
DDA Housing Scheme 2017 : Site Visit to Dwarka Sector 23-B
How could we do a feature article and not get photos from a site visit? So last week (July 10, 2017) the entire DDA pocket was abuzz with visitors who wished to see the LIG flats after MHUPA’s announcement. Popularly, this housing society is also known as “Golf Links DDA”. For the DDA Housing Scheme 2017, there are has 378 LIG flats (returned from the 2014 allotments) on offer. There are a total of 2,360 units in the society and most of them are occupied. A recurring feature of DDA housing complexes is that they do not have lifts and no 24-hr power backup.
The physical presence (and advertisements) of several brokers at the housing complex could hardly be ignored… they even claim to offer end to end services from buying and paperwork to resale later on. Though this may not be the case in DDA societies which are located in remote areas.
The “Golf Links” Sector 23-B housing complex has a site area of ~14 acres with low-rise G+4 storey blocks. There are 2 entrance gates which have security personnel. This DDA LIG society also has 18 small community halls, 15 shops, 2 electric sub-stations and 2 Anganwadis. However, against 2,360 flats, there are only 397 surface car-parking bays. Several families apparently had only 2-wheeler vehicles, while some cars were parked on the 4-lane wide sector road.
This locality has good connectivity by road, with the UER-II and Golf Course Road/Dhulsiras Road, both of which pass very close to the site. Adjoining areas like Sector 25, Pochanpur, Bamnoli Village and Dhulsiras have several warehouses and auto workshops. Dwarka Sector 21 Metro, which is a junction of both Blue Line and Airport Express Metro Line, is about 2.5 km from the DDA housing complex.
Here are some actual photos of DDA LIG Housing in Dwarka Sector 23-B. If we discuss the individual flats, the internal rooms are rather small, and have only average quality materials and finish. The kitchen has a small PVC overhead storage tank, since water supply may be erratic on certain days. Few flat owners have installed split AC units and have modified the ground floor entrances. The bath and toilet are separate, which is the standard design in most LIG flats.
Among the clear advantages, we can count good access by road and a well-maintained society looked after by the active RWA. The convenience stores certainly enhance the livability factors. Social infra and transport have already been discussed in the previous section. On the flip side, we have flats with average finish (some owners have also completely revamped the interiors), no lifts (a problem for senior citizens staying on higher floors), and a potential problem of safety in the immediate surroundings which have no habitation. However, reported incidences of crime are few or none. On the other hand, the vast open stretches of DDA lands in the area also create a peaceful living atmosphere. It hence advisable to visit the flats before applying to weigh all the pros and cons.
DDA Housing Scheme 2017 : News and Views
According to latest news reports (dated July 16-17, 2017), DDA has deputed dedicated representatives at selected project sites to guide visitors who wish to see the flats. Of the 12,000 flats, around 10,000 unoccupied flats are from the 2014 housing scheme, while 2,000 flats have been lying vacant. 793 flats from ‘old stock’ will be restored to habitable/living conditions before handing over possession to the allottees.
The move by the Delhi Development Authority (DDA) to allow and facilitate visit to flats is apparently to make people comfortable about the features of the flats and the facilities being offered in DDA Housing Scheme 2017.
A Word of Caution for Applicants – Seeking to deter “unserious buyers” and check market speculation, this time the DDA has proposed multi-tiered penal measures. If a prospective buyer surrenders his application before the date of draws, which will be done in the first week of November, 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. If the flat is surrendered within 90 days of the issue of the demand letter, 50 per cent of the fee would be cut. Beyond that time period, the entire registration fee will be forfeited.
DDA Housing Scheme 2017 : Registration related Important Information
Few pointers to be kept in mind while filling the online registration form for DDA Housing Scheme 2017 are:
Pre-requisites – Before filling up the application form, applicants have to scan and store the following documents as separate files. The same needs to be uploaded during the filling online application process:
- Applicant Passport size photo which should be in jpg format and not exceed 50kb in size.
- Applicant Signature which should be in jpg format and not exceed 50kb in size.
Prospective applicants are advised to also go over the details of joint applications and step-by-step instructions for filling the Registration form, Application form, and making final payment. Under the rules, a husband and a wife can apply for the scheme but if both get an allotment, one of them will have to give it up.
Few affidavits and proforma need to be filled on a case-by-case basis. Readers are advised to see Pages 31-34 of the brochure for detailed information and formats.
Applicants will be allowed to give maximum 7 choices of locality. Allotment would be on basis of draw of lots (November 1st week), and the draw will be web-streamed. For the LIG (Lower Income Group) category, the registration fee is Rs. 1 lakh, while for Middle Income Group and High Income Group flats, Rs. 2 lakh is being charged. The application form costing Rs 200 can be purchased from various partnering banks or from Vikas Sadan office of DDA.
Once the Application Form for DDA Housing Scheme 2017 has been submitted final, applicant cannot edit application details thereafter but can pay registration amount through Net Banking or by cash through challan. ‘Make Payment’ option is available on the next screen at the time of submitting the form final and is also available on the left side menu in DDA AAWASIYA YOJANA 2017 website. The draw of lots is slated to be conducted in the first week of November which would be streamed online. The last date for submitting applications is August 11. This is the official website link for downloading the brochure https://dda.payu.in/ddasbi/AppForm/NewAppBroucher.aspx
Withdrawal of Application from Scheme – people are allowed to withdraw application 15 days before conduct of draw (up to 23rd October, 2017) without any deduction. A successful applicant would have an option to surrender the flat, but subject to following charges and conditions:
|S. No.||Period of Withdrawal||Cancellation Charges|
|1||From date of draw, but before issue of demand-cum-allotment letter||25% of application fee|
|2||From date of issue of demand letter till 90th day of date of issuance of demand-cum-allotment letter||50% of application fee|
|3||91st day till 180th day of the date of issuance of demand-cum-allotment letter, i.e., the date of automatic cancellation||100% of application fee, i.e., full forfeiture|
DDA Housing Scheme 2017 : Official Contact Details
For questions related to Application form, the Deputy Director (Coordination) Housing can be contacted:
- Address: Deputy Director (Coordn.) Housing, Housing Department, Vikas Sadan, INA, New Delhi – 110023
- Phone No(s): 24661803, 24661810
- Email (for withdrawal related info): firstname.lastname@example.org
- Authority for Grievances (after allotment): Director (H)-I/Director (H)-II, Commissioner (Housing), Pr. Commr. (Housing), or Vice Chairman, DDA.
- For advice on Financial issues: Financial Advisor (Housing), D-Block, 1st Floor, Vikas Sadan, New Delhi – 110023
For payment details, applicants need to contact the concerned banks. The lists of institutions from which interest subsidy (under PMAY-CLSS) can be availed are shared on
- the website of Ministry of Housing and Urban Poverty Alleviation, and
- the two Central Nodal Agencies viz. National Housing Bank and HUDCO
The results of the draw shall be displayed on the Notice Board of DDA at Vikas Sadan, D-Block, INA, New Delhi, and on the website http://www.dda.org.in.
DDA Housing Scheme 2017 : After the Draw
Only the successful applicants who would be allotted the flats through the draw would need to submit the following documents:
- Self-attested copy of PAN Card. For allottess, PAN details will be verified before issuance of possession letter by the Authority.
- Self-attested copy of proof of residence (Govt. issued ID incl. Aadhar or utility bills/house tax receipt/CGHS card/Bank Passbook)
- Self-attested copy of Account Statement of last one year, or copy of IT Return filed for FY 2015-16
Demand-cum-allotments letters for DDA Housing Scheme 2017 would be dispatched by Registered/Speed Post at the applicant’s postal address. An extra 5 % of total flats of offer will also carry a waiting list, valid for 10 months from date of issue of demand letters. For unsuccessful applicants, registration fee would be refunded within 30 days from the date of draw. Hence all applicants must clearly mention their account details in the form.
DDA Housing Scheme 2017 : Cost break-up, Payment Period and Possession
A tentative disposal cost of the flats has already provided in one of the previous sections. This cost includes land premium, cost of construction and 20% surcharge on both of these, especially with respect to HIG/SFS flats in “South Delhi”. Allottee would also be required to pay applicable taxes and one-time maintenance charges. For ‘old stock’ flats, benefit of depreciation on construction cost, at applicable rates, has been accounted for in the calculation of tentative disposal cost of the flats.
Allottees are liable to make payment as per the demand-cum-allotment letter within 90 days from date of issue of said letter without interest. For payment after 90 days, but less than 180 days, 12% interest would be levied. After the payment, Conveyance Deed (Free Hold deed) papers will be issued by DDA. Expenses on e-tamping and registration, stamp duty, etc would be borne by the allottee. Possession of the flats must be taken within 3 months from the date of issue of possession letter.
DDA Housing Scheme 2017 : Concluding Remarks
PropStory team hopes that the information provided in this article will be useful for applicants and home-buyers who are planning to avail the DDA Housing Scheme 2017. In 2014, the scheme offered 25,040 flats across categories, with prices ranging between Rs 7 lakh and Rs 1.2 crore. The online response was so massive that the DDA’s official website crashed soon after the launch!
This year the response has been lukewarm according to news reports, with only 27,000 forms sold in the first 10 days, along with 1 lakh visitors on the official website. The application process may gain momentum as the deadline approaches. Hence, those interested should weigh all the pros and cons since there are heavy cancellation charges this time if the applicant wishes to withdraw later. Unlike 2014, there is no lock-in period of 5 years in the 2017 Scheme. Hence resale may be easier in those areas with better infra and connectivity. As suggested by DDA as well, the best way forward would be to visit the sites and see the flats. There are just 3 weekends to go until the 11th August deadline for DDA Housing Scheme 2017!
The strange ways India works has come to haunt the RERA implementation too. With just few important states going ahead with their version of the very important legislation the real estate industry is divided in its preparation and current activities. We have been meeting developers, some of whom are still unfazed about the Act while others have pressed a pause button on sales in ongoing projects. A large developer in NCR has shut down its marketing galleries seemingly to prepare itself for compliance to the rules (not notified yet) and, on the other hand others are pulling down their existing collateral. Worst affected seems to be Maharashtra where a registered broker came under fire and that has confused us at Propstory too. As an advertiser and a content portal, we wonder where we stand wrt RERA!