If you have applied for the Delhi Development Authority’s (DDA) 2014 housing plan, you stand a better chance of getting a flat than you may have had during a similar offer four years ago.
The latest scheme, launched on September 1, closed on Wednesday with the DDA receiving 7.5 lakh applications. Though lower than the DDA’s expectations, the number is marginally higher than the 7.4 lakh forms received in 2010.
With 25,034 flats on offer — the DDA’s biggest-ever scheme — one applicant in 30 stands a chance of landing a flat. Much better odds than the one-in-46 chance in the 2010 housing scheme.
The tentative draw date is November 5.
Initially, DDA was expecting nearly 20 lakh applications after the tremendous response it got on the day of the launch. The authority’s website had crashed and forms had sold briskly. The DDA finally sold nearly 17 lakh forms but only 44% applications came back.
The last date to file applications was initially October 9 but was extended to October 15 after the DDA got a tepid response with just 3 lakh forms being submitted till then.
Numbers swelled after a religious period, constraining buyers, passed. On the last day alone, DDA got 1.35lakh applications — the highest for a single day since the scheme opened.
“We were expecting more applications but the response has been such primarily due to two reasons. With 90% flats being one bedroom, the middle and upper segments kept away and the clause of ownership rights only after five year was another reason,” DDA vice-chairman Balvinder Kumar told Hindustan Times. “However, this also means that only serious buyers have applied,” he said.