India

DDA Housing Scheme 2017: Venkiah Naidu Will Unveil The Scheme Today

DDA Housing Scheme 2017: Venkiah Naidu Will Unveil The Scheme Today
Written by Shubham Jain

The Delhi Development Authority is launching a new housing scheme today with forms and brochures becoming available in select branches of banks in Delhi from 3pm onwards. Union Urban Development Minister M Venkaiah Naidu will unveil the scheme at Vikas sadan, There are more than 12.000 flats on offer under the scheme, most of which are in Rohini, Dwarka, Narela, Vasant Kunj and Jasola.

DDA has manged to rope in 10 banks for the sale of application forms and scheme-related transactions. The forms will be available in these banks – Axis Bank, Yes Bank, IDBI, Bank of Baroda, Central Bank, SBI, Kotak Mahindra, HDFC, ICICI and Canara Bank. The forms will be available at these banks till August 9.

Principal commissioner (housing), DDA, JP Agarwal said “”The scheme has been linked with the Pradhanmantri Awas Yojna which means people fulfilling the criteria will get subsidy in the interest when they take a bank loan” he further added that “For a person to be applicable to get the benefits of Pradhanmantri Awas Yojna, one should not have a concrete house in Delhi, their income should be under Rs 3 lakh annually if they are applying for houses under EWS category. Besides, there are other riders.”

While this time DDA has a serious message fro the “unserious buyers” “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.

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Shubham Jain