Planning to buy a Delhi Development Authority (DDA) flat recently allotted as part of its housing scheme? Do it at your own risk.
In a clause introduced for the first time, DDA will give ownership rights to allottees of its 2014 housing scheme only after five years from the time of possession.
DDA is going to scan finger prints of allottees at the time of possession and match it when they come to register their property after five years, among a host of other measures.
The idea behind the five year lock-in was to discourage speculators from applying and ensure only those who want to live in these flats are allotted one.
As it turns out, many allottees not satisfied with the small size of most of the one bedroom flats that were part of the scheme are now trying to sell them off. As such a deal cannot be registered, people are trying to find a way out, including a general power of attorney.
DDA, however, has said that such a transaction is going to be illegal and the buyer would be getting a high risk deal.
“Selling a housing scheme flat is totally illegal and firstly, it would be very difficult to carry out. The law will not support such a deal,” warned DDA Vice Chairman Balvinder Kumar.
Kumar said DDA will undertake an ‘agreement to sell’ with allottees with the provision that they can’t sell the flat for five years.
“If someone buys a flat after paying about `15 lakh cost and more than ` five lakh premium, they are taking a huge risk,” he said.
“We will take biometric scans of allottees at the time of possession and match it when they get these flats registered five years later. We will also carry out yearly surveys to check these flats are not sold off,” he said.
Kumar said that DDA is also planning to rope in RWAs of housing projects and make them ensure that flats are not sold off.
“We are going to give a huge amount of money — `362 crore — to these RWAs for maintenance and they will be made to keep a check,” he said.
Kumar said while about 24,000 one bedroom flats in the scheme were meant for the lower income group, many of those who applied were from the middle and upper middle class.
“They still applied and now that they have got it, they are in a fix about what to do as they definitely can’t live in these small flats,” he said.