Delhi: 13,500 DDA flats up for resale next year

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New Delhi: Delhi Development Authority (DDA) will unveil a new housing scheme early next year, under which nearly 13,500 flats will be available for sale. Most of these houses are one-bedroom accommodations surrendered by the allottees of the 2014 project. The decision to resell these flats was taken at a meeting on Friday.

While the scheme may be announced in January 2017, the land-owning agency will take at least another month to work out the details. Sources claim the banking sector is overstressed because of the currency crisis and the situation is likely to improve by January.

To ensure that there are no large-scale rejections, DDA has made some significant changes in its policy. First, the 11,000-odd LIG flats will be sold at the old rates (of 2014). Secondly, it has done away with the five-year lock-in period—earlier, an allottee was not allowed to re-sell his/her property for five years. Thirdly, applicants will not get the registration money back in case they withdraw from the scheme after allotment of flats.

"These measures have been taken to dissuade people from surrendering the flats. We will sell the LIG flats at old rates. We are hopeful this will encourage people to apply for the scheme," said J P Aggarwal, principal commissioner (land disposal and housing), DDA.

At present, the agency has identified 11,148 flats, which will be put up for sale. It may add another 300 units to the inventory at a later stage. Of the 25,034 houses, which were allotted under the 2014 scheme, 10,000 were surrendered as the owners found the rooms too small. While 22,627 were one-bedroom units, 1,800 were two or three-BHK flats. "A majority of people returned the flats citing extremely small size of the rooms," said a senior official.

Sources said DDA had offered the surrendered flats to those in the waiting list. "But the response wasn't too encouraging. This is why we have decided to announce a new housing scheme," the official added.

Most of the flats under the new scheme are located in Rohini (5,000 flats), Narela (4,000), Siraspur (1,900) and Dwarka (500). There are more flats ranging from 50 to 200 in locations such as Loknayakpuram, Jahangirpuri, Kondli and Gharoli Trans-Yamuna.

The registration fee for LIG and Janta flats is Rs 1 lakh whereas it is Rs 2 lakh for MIG and HIG flats. The tentative cost of flats varies from Rs 6 lakh to over Rs 1 crore.