The Delhi Development Authority (DDA) has roped in eight banks for its new housing scheme that is expected to be launched after the municipal elections are over in Delhi.
A senior official said that DDA has tied up with eight banks — five private and three government — for the scheme. These banks are Bank of Baroda, Yes Bank, Axis Bank, IDBI Bank, Kotak Mahindra Bank, State Bank of India, Central Bank and HDFC Bank.
How much does the brochure cost? Cost of the brochure for last scheme was Rs 150. If you download it online, you will have to pay the amount at the time of submission.How can my bank help? You can apply at the banks that tie up with DDA. 13 banks had tied up last time.
Do I need ID proof? All you need is a photocopy of your PAN card.
Am I eligible? Any Indian citizen, 18 years of age and above can apply. However, you are not eligible to apply if you already own a flat or plot in your or your spouse/child’s name in Delhi.
How many times can I apply? A person can only apply once each year.
If I’m applying can my husband/wife also apply? Yes, both of you can apply separately. However, if both of you are allotted flats, only one can be retained.
Forms will be available at select branches of these banks in Delhi only. Sources in DDA said that 99 branches of Bank of Baroda, 48 of Yes Bank, 118 of Axis Bank, 84 of IDBI bank , 50 of Kotak Mahindra Bank , 29 of State Bank of India, 28 of Central Bank of India and 6 of HDFC will be on board.
Since DDA is also offering the buyers to book the flats online, these banks will be providing gateways for online transactions. The refund to the unsuccessful applicants will also be handled by the these banks. In case of refund or transfer of money only electronic mode will be used with no paper transaction.
The DDA has also decided that if the buyer denies taking the possession of the flats then they will not have the option of ‘surrendering’ it. The land owning agency will forfeit the entire registration money which is Rs 2 lakh for HIG and MIG flats and Rs 1 lakh for LIG and Janta flats.
Senior officials have been instructed by lieutenant governor Anil Baijal, who is the head of DDA, to ensure that adequate public transport connectivity and other services are available before the opening of flats under its new housing scheme .
Under the project, the authority will offer 13,000 flats at locations like Sarita Vihar, Jasola, Dwarka, Pitampura, Sukhdev Vihar, Narela, Rohini, Jahangirpuri, Loknayakpuram, Dilshad Garden, Paschim Vihar, Bindapur and Mukherjee Nagar.
All of these flats were, in fact, offered in the previous schemes, but were later surrendered by allottees because of poor construction, infrastructure, and other facilities. A total of 11,544 flats were either surrendered or allotments were cancelled for various reasons. A majority of the flats were one bedroom, hall and kitchen (BHK).