The Delhi Development Authority’s much-awaited new housing scheme with 12,000 flats on offer will be rolled out on Friday.
Top DDA officials said the scheme would be launched by Union Urban Development Minister M. Venkaiah Naidu at Vikas Sadan, the housing authority’s headquarters, late afternoon.
2,000 flats vacant
Out of the total number of flats, most of them in Rohini, Dwarka, Narela, Vasant Kunj and Jasola, 10,000 unoccupied flats are from the 2014 housing scheme, while 2,000 flats had been lying vacant.
The urban body has tied up with banks such as Axis Bank and Yes Bank for the sale of application forms and scheme-related transactions.
The housing authority had set mid-June as the target date for the launch of the scheme, which was earlier slated to be announced by February.
But ancillary infrastructure work, such as construction of connecting roads and installation of street lights, stretched the deadline.
The scheme has also been linked to the Pradhan Mantri Awas Yojana.
Penal measures
Seeking to deter “unserious buyers” and check market speculation, the DDA has proposed multi-tiered penal measures.
“If a prospective buyer surrenders his application before the date of draws, no money will be deducted from his or her registration fee. If a buyer does so after the draw but before the issue of a demand letter, 25% of the registration fee will be forfeited,” another official had earlier said.
If the flat is surrendered within 90 days of the issue of the demand letter, 50% of the fee would be cut. “Beyond that time period, the entire registration fee will be forfeited,” he said.
For the LIG (Lower Income Group) category, the registration fee will be ₹1 lakh, while for the Middle-Income Group and High Income Group flats, ₹2 lakh will be charged.
