DDAThe Delhi Development Authority [DDA] is hopeful to receive more than 50,000 applications for the Housing Scheme 2019.

Tarun Kapoor, the DDA vice-chairman said that the applications have come through multiple banks and thus it is difficult to compile the entire data in a single day. The banks have collected application fee amounting to Rs. 570 crore in the last week and we are expecting to receive more than 50,000 applications. Thus, there is no question of extending the deadline for the scheme he said.

According to the DDA officials, 2-3 day’s time will be taken to compile the data. DDA also plans to take out lots for allotting flats in two months once the processing of applications is completed. The officials also informed that the application money will be refunded to the allottees later.

The Delhi Development Authority has issued detailed guidelines to help the applicants as this document has everything like plan layout, unit sizes and price list. This brochure is also available on the DDA’s portal.

The rejection of internal approvals for the disbursal of loans was due to non-cooperation between the banks, an official said.

Kapoor, Vice-Chairman DDA also said that 10 banks were listed to offer application forms on their portals and this includes SBI, HDFC Bank, ICICI Bank, IDBI Bank, Yes Bank and Kotak Mahindra Bank.

There are 17,922 total flats and 1286 are located in Vasant Kunj and in Narela. This scheme was launched in March and was scheduled to close on 10th May but the deadline was extended till 10th June.