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Form Vasant Kunj to Kundli, the DDA Flats Cover a Wide Price Range
Finally, Delhi Development Authority has announced what everyone has been waiting for. Its mega housing scheme will be open from November 25 to December 24 this year. Around 16,000 flats will be offered for the draw. These are located all have Delhi in colonies like Vasant Kunj, Mukherjee Nagar, motia khan, Jasola, Dwarka, Rohini, Narela, Jaffarabad, Kondli and Gharoli besides other colonies.
The cost of construction of these flats ranges from Rs 1536 to Rs 6069 per square feet. The flats located at Vasant Kunj, which have been built according to higher specifications, will attract a higher price. The cost for the new scheme flats includes lumpsum maintenance charges for exteriors and common portions.
In order to make the flats accessible to all sections or society, there is a mix of one bedroom, two bedroom and three bedroom houses, expandable units and Janta one room houses. It is for the first time that the one-room tenements located in Narela, Trilokpuri and shivaji enclave have been included in the scheme.
Any Indian citizen who has attained the age of 18 years can apply for the flat provided he or she does not own any residential flat or plot in full or in part, on leasehold or freehold basis, in the capital either in his or her own name or in the name of his/her wife/husband or in the name of minor or dependent children.
Both husband and wife can apply but only one will be allotted a flat n case both are successful in the draw. One person can submit only one application form. There are no income criteria. The applicant can apply only if he has a valid pan card and a bank account.
For the first time, it has been made mandatory that the entire allotment money should be from the bank account of the allotee and a certificate to this effect will have to be submitted at the time of possession.
The applicant will have to deposit a registration fee of Rs 1.5 lakh. But for the Janta one-room tenement category, the amount is Rs 50,000. The cost of the form is Rs 105 and it will be available at various designated branches of the banks. The form details which have been provided in the brochure will be uploaded on the website of DDA on November 25.
The reservations for scheduled castes will be 17%, scheduled tribes 7.5%, one per cent for war widow, one percent for the physically handicapped and one percent for ex-serviceman.
Drawing a lesson from last time when the draw came under a cloud, DDA says to ensure that the money is deposited by the allottee only, a copy of the pass book along with bank certificates will have to be given at the time of possession and it will also be sent to the income-tax department by DDA.
The draw will be held within a period of four months from the last date of closure of the scheme and, therefore, no interest will be paid for this period. Money will be refunded to unsuccessful applicants at the earliest, and in case the money is not refunded within four months time from the closure of the scheme, simple interest at the rate f 5% per annum will be paid. The refund as in the earlier scheme will be paid though the banks only.
Courtesy Times property 20-11-2010
For more information about real estate, real estate india, Residential property, commercial property log on to http://www.zameen-zaidad.com/

Courtesy Times property 20-11-2010

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