By Accommodation Times Bureau
The Delhi Development Authority will launch its much-awaited housing scheme on June 30. Close to 12,000-plus flats -a majority of which were returned by allottees of a 2014 housing scheme — will be up for sale.
The scheme is being floated under the Pradhan Mantri Awas Yojana to help a large number of people avail subsidy on interest. “We will launch the housing scheme on June 30,“ said Udai Pratap Singh, vice-chairman, DDA.
The cost of the flats varies from Rs 7.5 lakh to Rs 1.44 crore, depending on the type and location. A majority of these flats fall under the LIG one-bedroom category. “There are 10,000-plus flats in the LIG-one-bedroom category .The price range is between Rs 14 and Rs 30 lakh,“ said a senior official.
DDA, which is the nodal agency for PMAY in Delhi, has sought to help people avail the benefit of the Credit Linked Subsidy Scheme (CLSS), a key component of PMAY. “Under the scheme, eligible allottees can avail of subsidy on interest. The benefit will range between Rs 2.4 lakh and Rs 2.7 lakh. But only those allottees can benefit from CLSS who meet the income status and other criteria of the scheme,“ said JP Aggarwal, principal commissioner, housing and land disposal, DDA.
The draw of lots for allotment will be done within three months from the last date of submission of forms. But unlike last time, DDA has put a clause to ensure that only genuine buyers apply for flats. It has decided to levy a penalty ranging from 25% to 100% of the earnest money .
To apply for the flats, people will have to pay Rs 1 lakh for LIG and Rs 2 lakh for MIG HIG flats as earnest money . No penalty will be levied on the earnest money if an applicant withdraws before the draw of lots. “But they will have to forfeit 25% of the amount if they surrender the flats within 90 days after the draw of lots,“ said Aggarwal. If a person surrenders within three months of issue of the demand letter, then they will lose 50% of the earnest money . “After this, there would be no exemption,“ he said.