The Delhi Development Authority [DDA] is putting in a huge lot of efforts to make its Housing Scheme 2019 work. After receiving not so positive response for the scheme, the DDA is planning to receive more applications and the first move it made was extending the deadline for application submission by one month.
DDA is now planning to run an aggressive publicity campaign and one of the officials said that more advertisements campaigns will be launched to reach a maximum number of people through social media.
The housing scheme was launched on 25th March was earlier scheduled to close on 10th May however the same has been pushed till 10th June. The Delhi Development Authority made this move after they received 20,000 applications for 18,000 residential units.
One of the DDA officials said that the deadline extension is not a new thing as the same had happened in 2017 housing scheme where the deadline was extended by one month. The official also said that this is the first time we have made the housing scheme completely online and a huge number of applicants are facing problem related to banks.
Continuing further the official said that banks couldn’t process many applications due to some administrative issues as the General elections are underway. In general, the applicants have to deposit a few thousand rupees to the banks for financing the registration amount. However, this time many banks didn’t get internal sanctions to finance the registration amounts of applicants. But, the issue has now been resolved and the banks also requested to extend the deadline.
This year’s housing scheme is the most expensive one till now as the 3BHK unit is being offered at a price bracket of Rs. 1.4 crore to Rs 1.7 crore. The 2BHk apartment is made available between Rs. 66 lakh and Rs. 1.4 crore. Similarly, the 1BHK flat under this housing scheme will cost somewhere around Rs. 22.5 lakh and Rs. 56.3 lakh.
This time the Delhi Development Authority considered the market value especially of Vasant Kunj where the property cost is high in comparison to other areas. Usually, the authority offers flats at the cost price on the basis of no profit no loss.
In Vasant Kunj area, a total of 1,286 flats are offered out of which 336 are 1BHK. However, the maximum numbers of flats in Narela are reserved for the EWS [Economically Weaker Sections].