DDA announces Rs. 3,753-cr housing scheme

    DDA Housing Scheme
    Accelerating the process of construction of affordable housing units in the national capital, the Delhi Development Authority (DDA) has recently decided to build new housing projects in Dwarka, Vasant Kunj and Rohini involving a whopping investment worth Rs. 3,753.87cr, said official sources, elaborating that work on other residential projects is already on in Jasola, Rohini, Narela, Jahangirpuri, Bakkarwala, Kondli and Kalkaji. Stung by the poor response to its 2014 affordable housing scheme aimed for the middle class and lower middle class - 10,000 houses were returned by the allottees and now the DDA is planning to come up with a new scheme to resell these flats. The owners had given up the flats, most of them one-bedroom units, as they found the rooms too small.. The agency then offered these surrendered flats to those in the waiting list but again failed to evoke the desired response. While making the entire process of allotment of flats very simple, the practice of getting the Collector of Stamps (CoS) to adjudicate on the quantum of stamp duty on land deeds executed by the capital's land agency has been discontinued shortening the process of registration by around a fortnight. As a practice, whenever DDA has to execute a deed with an allottee or owner of a flat or commercial space, it mandatorily requires the customer to get the CoS to determine the quantum of stamp or transfer duty. It is only after the adjudication and after the stamp authority collects the duty and stamps the documents that DDA executes the deed and permits registration but now the entire process has been made simpler and hassle free, they added.
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