DDA Housing Scheme 2010 Waiting List

DDA has announced the list of wait listed applicants who may be alloted flats, if flats alloted in the scheme are surrendered . The waiting list is valid only for a period of 9 months. A draw will be held only once after six months, from date of issue of demand letters, for allotment of the surrendered flats to the wait listed registrants as per the priority decided initially. Only those flats which are surrendered within six months from date of issue of demand letters would be included for allotment to waitlisted registrants.

Click here to see if you are among one of the applicants in the waitlist.

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DDA HOUSING SCHEME 2010 DRAW RESULTS

DDA has announced the results of Housing Scheme 2010. Click the link below to check your allotment status.

DDA Housing Scheme 2010 Draw Results

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DDA Housing Scheme 2010 Allotment Status

The draw for DDA Housing Scheme 2010 is expected to happen between 15th to 20th April,2011. This draw will determine the lucky 16000 applicants out of the 7.5 Lacs applications received for the scheme.

DDA will also post the status of applicants eligible for the draw on 29th March,2011. Applicants will get a chance to submit the corrrection, if their forms are found to be filled incorrectly /for missing information. Applicants should ensure that they check the eligibility status of their forms and submit corrections, if required, to qualify for the draw.

Update: The Draw for DDA Housing Scheme 2010 will be held on Monday,18th April,2011. However, the results of the draw would be available on DDA website only on Tuesday, 19th April,2011. The results will also be published in the newspapers.

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HUDA Scheme: Residential Plots in Faridabad

Haryana Urban Development Authority has launched a scheme to allot freehold residential plots in Faridabad and other areas like Sonipat, Rohtak, Bahadurgarh, Ambala, Jind, Hisar and Palwal.

Though the scheme is launched for various urban areas, the center of attraction is the allotment of 1,969 plots of various sizes in Faridabad.

Salient Features of the Scheme

• Faridabad is an integral part of the NCR region and has good connectivity and proximity to Delhi. Though the region has been sluggish as compared to other NCR regions like Gurgaon is terms of appreciation in real estate prices, it does offer ample scope as there are talks of modernization of Mathura Road and work on Badarpur flyover as well as access to Metro in near future will provide facelift to the area.
• Crime Rate in Faridabad is far less as compared to other popular regions in terms of real estate development like Noida and Ghaziabad.
• The Rates offered in HUDA Scheme are quite competitive and offer even a good long term investment opportunity for those who want to invest in real estate to create wealth.
• HUDA Scheme offers facility of payment in Installments. 10% Payable at application, 15% within one month of allotment and balance in Six equal Annual Installments.
• Interest @5.5% per annum on the amount of earnest money for period beyond six months of closing date of scheme if the draw is not held and earnest money not refunded within this period.
• Allotment will be made through draw of lots.
• Any Individual can apply under the scheme provided he has not been allotted a plot of land directly by HUDA in the concerned Area. If you want to apply under reserved category, you must be a domicile of Haryana.

Concerns on the Scheme

• You earnest money could be stuck with HUDA for as long as Six months without interest and thereafter @ 5.5% p.a. interest.
• Development on Delhi-Mathura Highway and completion of Badarpur Flyover/ Access to metro is the key to next phase of price appreciation in the region and any delay on this front can take the sheen away for the investors.
• Faridabad is grappling with pollution like other NCR regions. All the areas of the Faridabad including residential areas, industrial areas and silence zone are in the grip of air pollution. A part of it can be blamed to its initial planning as an Industrial township. Even the quality of water is a area of concern as a recent study has found water levels to be highly polluted and unfit for drinking.

Conversion of Marla in Sq. Mtr., Sq. Yard and Sq. feet

Since the HUDA brochure talks in terms of Marla , you can refer the table below to see the equivalent size of plot in various dimensions

Download HUDA Application Form (remember to include additional Rs.100 while preparing the earnest money draft if you are using the downloaded version of application form)

Download HUDA Scheme Brochure

Last date of Application : 05-01-2010

Update : 04-01-2010

The Last date of Application has been extended to 06-01-2010

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NBCC offers affordable flats around NCR for 6.75 Lac

Are you looking for a One bedroom flat with Balcony, Tiled flooring in living & Bed rooms, Kitchen with ceramic walls and brass fittings and all these at a price of 6.75 Lac ? NBCC has launched the “NBCC town” to materialize your dreams.
After Tata Housing, its the turn of National Buildings Construction Corporation(NBCC) Limited to launch affordable housing scheme. NBCC has launched “NBCC Town”  scheme at Khekra on Delhi – Sharanpur  Highway. 19 Km Away from the ISBT, the flats start at a price of 6.75 Lac for One Bedroom Flat (493 Sq. ft.) at 4th Floor of Lotus  Apartments. The scheme opens from 25th August,2009.
NBCC has come up with four type of apartments. The Lotus apartments (4 Storey) will house One bedroom Flats. Lilly apartments (4 storey) will house 2 bedroom flats. Tulip Apartment (4 storey) will house 3 Bedroom and Marigold Towers (7 storey)  will also house 3 Bedroom flats but will have facility of stilt Car parking. You can check the prices of different flats on offer here.
If you are a working or retired Government / PSU Employee then you are eligible for a special discount of 5%.

The payment schedule and plan has also been designed in a reasonable manner. The application form is available at the NBCC Bhawan at Lodhi Road and Sector 41 Noida at a price of Rs 100.
The application form for NBCC Town can be downloaded here.
The forms are also available at designated branches of HDFC Bank, Union Bank, Corporation Bank and Axis Bank.

The costliest flat in the scheme is located at the First Floor in the Marigold Towers with an area of 1100 Sq. Ft. and is prices at 17.8 Lac for 3 Bedrooms with 2 Balconies. Car parking will cost additional 1.25 Lac for flats at Marigold Towers.
Optional Open parking space is available for other apartments at a price of Rs. 50,000.
NBCC is also going to launch 2/3/4 Bedroom flats apartment and 4/5 bedroom flats with Penthouse  at Gurgaon shortly.
Location Map of NBCC Town
Master Plan
Detailed Price Schedule

Update on 06th March,2011
List of Applicants who are eligible to apply for 'NBCC Heights' at Sector-89, Gurgoan
The Scheme is open from 25th February to 16th March, 2011
Download Application Form

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Mhada Lottery draw to be held on 19th May

The fate of lacs of applicants for the allotment of 3863 Flats under Mhada Scheme is soon going to be decided. Mhada is going to held a draw  by lottery to declare the successful applicants on Tuesday, 19th May,2009.

Around 4.35 Lac applicants are trying their luck to get a pie of the 3863 flats. Out of these, 5300 applications have been rejected due to lack of documentation. The list of applicants who are eligible to participate in the draw has been put on the Mhada Website. The lottery draw will be held at Rangsharada Auditorium at Bandra (W)

If you want to witness the lottery process, Mhada will distribute free passes on First cum first serve basis between 11-2 PM at the Mhada Head-office at Bandra (E). Results will also be displayed outside the Auditorium on the LED Screen.

The whole process of lottery would be video recorded to ensure transparency

List of Eligible Applicants

Mhada Circular on Lottery Results

Related Posts

MHADA offers 3683 Flats at 50% of Market Price

Update : To view the list of persons qualified for the lottery of 3863 tenements to be held on 19th May 2009, click on the respective scheme code below

190A	203	214	223	232
191A	206	215	224	233
192A	207	216	225	234
193A	208	217	226	235
195A	209	218	227	236
196A	210	219	228	237
200	211	220	229
201	212	221	230
202	213	222	231

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Shubh Griha- Application Form and Details

Details are now available on the Tata Housing Website for “Shubh Griha” township. Application forms will be available from Monday May 11th,2009 at select branches of SBI.

Expected Date of Allotment : 29th June,2009

Expected Date of Possession: May 14th, 2011

Forms will be available at Boisar, Virar, Vasai, Palghar, Nallasopara,Dahanu Road, Thane, Borivali(W), Andheri East branches of SBI. For details and address of the branches click the link below

List of  SBI branches where forms will be available from 11th May 2009

In addition the forms would also be available at the Fort Regional Office of Tata Housing.

Salient features of Shubh Griha

• Two types of Flats are available –
  • One Room and Kitchen
  • One Room, Hall & Kitchen

 

• The Township will provide amenities like School, Playground,Community Center, Shopping Center, Jogging Track and Hospital.

 

• The structure will be Ground Floor + 2 Additional Floors, hence it will three Floor apartments.

 

• All Rooms and Kitchen will have Ceramic Tiles flooring. Living room will have Oil bound distemper.

 

• Bedroom and Kitchen will have Overhead Storage space.

 

• Flats will be handed over with premium quality bathroom fittings and sufficient Electric fittings.

Types of Flats

1 BHK - 465 Sq. Ft.                   No. of Flats 660   Price : Rs. 6,74,250    See Flat Plan

1 RK Large - 360 Sq. Ft.           No. of Flats 474   Price : Rs. 5,04,000    See Flat Plan

1 RK Small - 283 Sq. Ft.           No. of Flats 108   Price : Rs. 3,90,540    See Flat Plan

Payment Plan

• Rs. 10,000 have to be deposited with the Application form.
• 7.5% –8.5% (depending on type of flat) of the amount to be deposited within 15 days of allotment letter
• 85% of the amount to given in 7 Quarterly Installments starting from September,2009
• Balance 5% to be deposited at the time of Possession.

For Detailed payment plan click here

Shubh Griha Website

Update: Application forms are also available at Regional Offices at Kolkata, Delhi, Bangalore and Chandigarh.

Related Posts

• Tata Housing to launch Sub Rs. 4 Lac Flats

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Tata Housing to launch Sub Rs. 4 Lac Flats

Launches Subha Griha project in Boisar near Mumbai

Here comes another low cost offering from the Tata Stable. After the launch of the world’s cheapest car Nano, the Tata’s has unveiled its ambitious project “SUBHA GRIHA” which aims to provide low cost affordable housing in Suburbs of Mumbai.

Booking starts from May11,2009 and forms would be available for Rs. 200. Allotment would be made on basis of Lottery draw.

• The township will be located in Boisar, which is at a distance of about 100 Kms. from Mumbai

• The township will consist of 1200 One Room Kitchen Flats starting at Rs. 3.91 Lacs

• The construction is expected to be completed in 24 Months time.

• The project is targeted to address housing problems of migrants who currently opt for rented accommodation

• The project would offer community Halls, School and Hospital within the township.

• There will a range of options available and the flats could cost between 3.91- 7 Lacs depending on specifications

• The company proposes to put a “No sale Clause” for a period of Nine months from the date of allotment to curb speculative sale purchase of these flats.

About Boisar

Boisar is a town in Thane district in the state of Maharashtra. It is located 45 kms (28 miles) north of Virar on the Western Railway line of Mumbai Suburban Railway. By Road, it can be reached from National Highway NH-8, {{convert22kmmi} off from Chilhar Phata. There are regular state transport buses from Palghar, Thane, Bhiwandi and Wada.

Subha Griha Project in Delhi & Bangalore

Tata Housing has intends to launch the affordable flats scheme in NCR and Bangalore in this year itself. It will launch this Scheme in other major cities including Chennai and Kolkata in the coming years.

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Yamuna Expressway : Residential Plots Scheme 2009

YEIDA Scheme Extended till 15th May,2009

(This article has been further updated on 4th October,2009 )

The notice says that the Scheme has been extended till 15th May,2009 due to demand from Public. However, things don’t look that rosy. The Scheme has not been able to muster good response from investors as expected by the Yamuna Expressway Authority (previously known as Taj Express Way).

About Yamuna Expressway Residential Plot Scheme

These residential plots will be developed along under construction Noida-to-Agra Yamuna Expressway. The proposed site / sector is about five minutes drive from the proposed Formula One Racetrack . The land on which the plots would be developed is under the process of acquisition.

Details of Plots is as under

Category	Size (Sq. Mtr)	No. of Plots	Gen. Cat.	Farmer Cat.	Registration Amount
A	4000	100	83	17	5,00,000
B	2000	250	206	44	3,00,000
C	1000	1000	825	175	2,50,000
D	500	2000	1650	350	2,00,000
E	300	5000	4125	875	1,00,000

The rate of the land of the residential plots under this scheme is Rs. 4,750 per sq. mtr. The tentative date of draw is 10th August,2009.

Why did the Scheme failed in getting Response ?

• With the current downtrend in Real estate prices, investors are worried about the returns from the Scheme

• The Rate of Rs. 4,750 per Sq. Mtr. is considered to be aggressive given that the Scheme may take at least 8-10 years to develop.

• Investors have doubts about the progress on the proposed Noida - Agra Expressway itself and any dealy on this project would also delay development under the Scheme.

• The Agra Noida area is more prone to petty crimes and hence reduce the attractiveness of the scheme from Safety point of view.

Update on YEIDA Residential Scheme 2009 Draw

As per the Public Notice issued by the Yamuna Expressway Industrial Development Authority, the draw for YEIDA residential Scheme 2009(1) will be held on 14th October,2009 and 17th November,2009.

• Draw for All Types (A,B,C,D & E) of Farmer Categories of Plot and General Category A-4000 Sq. Mtr, B-2000 Sq. Mtr. and C-1000 Sq. Mtr. will be held on 14th October,2009 at Community Center, Sector Delta-II Greater Noida at 10:00 AM. This will be a Manual Draw.
• Draw for Category D-500 Sq. Mtr. and Category E-300 Sq. Mtr. will be held on 17th November,2009 at India Expo Mart, Greater Noida at 10:00AM. This will be a computerised draw.

Details of Eligible Applicants (whose application will be considered for draw) will be posted on the YEIDA Website from 5th October,2009. Click here to check your Application Status.

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MHADA offers 3683 Flats at 50% of Market Price

After DDA and Greater Noida Development Authority, it’s turn of Maharashtra Area and Housing Development Authority (MHADA) to offer flats at affordable costs. MHADA has announced Sale of its newly constructed 3683 Flats in Mumbai. This offer of sale has come as a New Year gift for Mumbaikars to try their luck and grab the MHADA flats at a bargain price.

Where are the Flats Located?

• These MHADA flats are divided into Three Categories – High Income Group (HIG), Medium Income Group (MIG) and Low Income Group (LIG).

• These Flats are Located at Pratiksha Nagar in Sayan (844), Sahakar Nagar at Chembur (594), Canara Engineering at Ghatkopar (378) , Shailendra Nagar at Dahisar (591), Bimbisar Nagar (54) and Siddharth Nagar at Goregaon (14), Chandivli (232), Tagore Nagar (84) and Kannamwar Nagar at Vikroli (167), Ashok Van (64) , Shastri Nagar (14) and Versova in Andheri(676).

• Maximum No. of Flats (844) are located at Pratiksha Nagar in Sayan

Application Form and Amount

The application forms for buying these houses will be available at selected 15 HDFC branches from January 12 to January 30.

Application Amount for MHADA Flats

The Application amount for each category of Flats is given below

Rs 10,000 for homes in the EWS category

Rs 15,000 for LIG

Rs 25,000 for MIG

Rs 50,000 for HIG.

Rs 1 lakh for HIG flats at Versova.

Last Date of Application

The Forms will be available from Jan12 to Jan30 and Applicants can submit their Application between Jan 13^th and Jan 31^st . Jan 31^st is the last date of submitting the Application form.

Flats constructed by the MHADA for the lower, middle and high income groups command a heavy demand as they are reasonably priced in an otherwise exorbitant Mumbai’s real estate market. In July 2008, MHADA had announced its decision to release 870 houses at Malvani in Malad, and the scheme received an overwhelming response with over 2 lac applicants trying their luck.

Application Forms will be available at following branches of HFDC Bank

Manekji Wadia Buiding, Motwani Marg, Fort, Mumbai ,400023

Dr. Shordkar Marg, Parel, Mumbai -400012

Matunga (East) Branch, Mumbai -400019

Kala Nagar, Bandra (East), Mumbai -400051

S.V. Marg, Santacruz (Wesy), Mumabi – 400054

Jamuna Apartments, Andheri (West), Mumbai-400057

Jogeshwari (East) Branch, Mumbai -400060

Jawahar Nagar, S.V. Marg, Goregaon (West), Mumbai-400104

S.V.P. Road, Borivili(West), Mumbai-400092

L.B.S. Marg, Kurla (West), Mumbai -400070

L.B.S. Marg, Vikhroli (West), Mumbai -400079

L.B.S. Marg, Milind (West), Mumbai -400080

Patli Pada, Thane (West), Mumbai-400607

V.N. Purav Marg, Sayan Trombay Marg, Chembur, Mumbai-400071

Palm Beach Road, Sector 13, Navi Mumbai-400705

Mhada Circular

Update on MHADA Flats Draw result date (4th April,2009)

I have received a number of emails requesting information on draw date. The MHADA website does not provide any details on the draw result date. However, Indian express newspaper dated 14th february carrries following news -

"The wait of those who have applied for a flat under the housing scheme of the Maharashtra Housing and Area Development Authority (MHADA) may last just three more months. The housing board has announced that it will carry out a draw of lots in the last week of May.
The whole process will take about two weeks. “When MHADA had a draw for 870 flats at Malad last year, it took us about seven to eight hours. Taking that into account, it will take at least 12 days to complete the draw for the 42 projects we have this time,” said MHADA’s Mumbai Board chief officer H K Javale. He said the election code of conduct will not hinder the process as the MHADA housing scheme is an ongoing project.
MHADA has also sent a proposal to the state government, stating that the 4.3 lakh aspiring home buyers should be paid interest from June in case the draw is not carried out on time for some reason. MHADA officials said the system to be used for the draw will be tested by experts from Tata Consultancy Services and Veermata Jijabai Technological Institute (VJTI) to avoid any technical snag that occurred during its last draw. Experts from VJTI and the Indian Institute of Technology (IIT) will also be present. "

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Greater Noida Residential Plots Draw Result Sec 3 (200 Sq. Mtr.) General & Farmer Category

The results for Scheme XT001 for Sector 3 200 Sq. Mtr. plots,  general and Farmer category are out. The Draw was held on December 24rd,2008.

Click the link below which will take you to draw result website and enter your Application Form No. to check the Result

- Sector-3 (200 Sqm) General & Farmer Category Results

Alternatively, you can leave your Application number in the comments on this blog and we will respond back with your results.

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Greater Noida Residential Plots Draw Result Sec 3 (120 Sq. mtr) General & Farmer Category

 

The results for Scheme XT001 for Sector 3 120 Sq. Mtr. plots,  general and Farmer category are out. The Draw was held on December 23rd,2008.

Click the link below which will take you to draw result website and enter your Application Form No. to check the Result

- Sector-3 (120 Sqm) General & Farmer Category Results

Alternatively, you can leave your Application number in the comments on this blog and we will respond back with your results.

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Greater Noida Residential Plots Scheme XT001: Xu II General & Farmer Category

 

The results for Scheme XT001 XUII general and Farmer category are out. The Draw was held on December 22nd,2008.

Click the link below which will take you to draw result website and enter your Application Form No. to check the Result

Draw Results

Alternatively, you can leave your Application numbers in the comments on this blog and we will respond back with your results.

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Greater Noida Residential Plots Scheme XT001- Draw results

The draw for Greater Noida residential Plot Scheme XT001 has been rescheduled for being held in three phases as follows :

Category	Sector	Size	Date of Draw	Time
General & Farmer	XU -II	120 Sq.Mtr.	22-12-2008	9:30 AM
General & Farmer	3	120 Sq.Mtr.	23-12-2008	9:30 AM
General & Farmer	3	200 Sq.Mtr.	24-12-2008	9:30 AM

The draw will be held at India Exposition Mart Limited, Knowledge Park III, Greater Noida. The Results will also be made available on the Greater Noida Authority website.

Draw Notice

Eligibility List for Draw:

- Sector 3 - 120 Sqm
- Sector 3 - 200 Sqm
- Xu II - 120 Sqm
- Farmers Category

Rejection Lists:

- More than 1 Application within Sector
- Less than Registration Amount
- Age less than 18 Years
- Farmer Category Rejections

For more information log on to http://www.greaternoida.com

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DDA Housing Scheme gets good response, Allotment Details

The DDA Housing Scheme 2008 has attracted about 3.5 Lac applicants for the 5010 flats put for sale. DDA had a dream run in terms of money collected on Application forms and will earn a interest of about 45 crores in the 3 month period on the Registration amount collected from the applicants. The lottery draw will be held in the Month of December.

Result of Allotment

The results of the draw shall be displayed on the Notice Board of DDA at Vikas Sadan, D-Block, INA, New Delhi-23. In addition the result shall be displayed on the website of DDA with the address http://www.dda.org.in. The result will also be published in the leading national Newspapers.

Allotment Cum Demand Letters will be dispatched through Speed Post/Courier/Registered Post

Waiting List

A separate waiting list of 200 applicants will also be declared in order of priority. The waiting list will be valid only for 9 months from the date of issue of demand letters. The registration money of the wait listed registrants shall be refunded along with unsuccessful registrants. However, before going for the draw in case the same takes place for filling up the vacancies, all such eligible wait-listed shall be asked to deposit the registration money. 15 days time shall be given to them to do so and only those names shall be included who would be depositing their registration money prior to the draw. A draw will be held only once after six months, from date of issue of demand letters, for allotment of the surrendered flats to the wait listed registrants as per the priority decided initially. Only those flats which are surrendered within six months from date of issue of demand letters would be included for allotment to waitlisted registrants. The waiting list is created just to ensure that the surrendered flats (if any) are allotted to same registrants rather than keeping them vacant and the list will be valid only for 9 months, hence it doesn’t create any right of the wait listed registrants if they fail to get a flat from the surrendered ones. If successful, the cost would be the cost of the flat on the date the demand cum-allotment letter is issued.

Interest on Registration money

In case registration money is not refunded within three months from the closure of the scheme, in case of unsuccessful applicants, simple interest @ 5% will be paid on the registration money for the period beyond three months after the closure of the scheme up to the last date of the preceding month in which refund has been made.

Can I surrender my Flats on allotment ?

The successful applicants shall have the options to surrender the flats before the issue of the possession letter. Flat will be automatically cancelled in case payments are not made within the prescribed period. No show cause notice shall be issued for the purpose. In both the cases, amount deposited is refundable without any interest. However, cancellation charges shall be recovered

How to check DDA Flats Draw Results and Application Status ?

Step 1. Go to the DDA Website by clicking following link

DDA Draw Result Website

Step 2. You will see the following screen.

Select the Scheme and Reserved Category as shown above and put your Registration number or Priority No. and Category of Flat.

Click Search and see the Status of your application. Please not that the draw is expected in later part of December,2008.

Related Articles on this Blog :

SBI Offers Lowest Interest on Loan for DDA Flats

Bank Loan for DDA Flats

DDA Housing Scheme'08 Brochure and Application Form

DDA Scheme launched

DDA Scheme -Investment Opportunity

DDA Housing Scheme -Highlights

Read More!

Banks rush to provide loan for DDA Flats Registration

SBI Offers lowest Interest Charge for financing DDA Flats

As the last date for submitting the application form for DDA flats is approaching near, the War has begun. Almost all Banks have jumped the bandwagon to offer loans for financing the registration amount of Rs. 1.5 Lacs for the DDA flats offered under the DDA Housing Scheme'08. State Bank of India has come to the forefront by offering the cheapest loan for application money. Interest rates offered by banks for the DDA Housing scheme varies from Bank to Bank and hence investors should be compare these before approaching the nearest branch for a loan. Currently SBI is the best option for availing the loan as it is charging Rs. 5,050 towards interest and processing charges against Rs. 6600 charged by private banks.

One should go to the Public Sector banks to avail the loan for DDA flats as they are charging less interest rates as compared to the Private Banks. Private players like HDFC, ICICI Bank, IDBI Bank and others  are charging Rs. 6,600 as Interest charge and processing fee.  Union Bank of India is charging Rs. 5,700 while Central bank of India is charging Rs.5,680.

Interest Rates charged by Banks on Loan for  DDA Flats Registration

Bank	Interest & Processing Charges
State Bank of India	Rs. 5,050
Central Bank of India	Rs. 5,680
Union Bank of India	Rs. 5,700
HDFC Bank	Rs. 6,600
ICICI Bank	Rs. 6,600
IDBI Bank	Rs. 6,600

 

Important point to Note while availing Loan for DDA Flats

While the whole idea of getting the deal financed through bank for the Registration amount may sound appealing, there is an important rider which the applicants should keep in mind. The Interest charges mentioned above are for a period of Three Months. If DDA fails to conduct the selection process within three months and delays the lottery date, the applicants would have to cough up interest charges for the further period which may range anywhere in the range of 11-14% depending on bank to bank. Applicants should keep this in kind while applying for a loan.

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Bank loans for DDA Flats Registration amount

Central Banks offers Loan for DDA Housing Scheme Registration Amount

The Central Bank of India has taken the initiative to come forward and provide loans to applicants for DDA housing Scheme-2008. The Bank will provide loan for the Registration amount.

For Financing the loan amount of Rs. 1.5 Lacs towards Registration amount, the bank will charge an upfront interest of Rs. 5680 which will include interest charge @10%, Service charges and Stamp paper cost. The loan is available at the Vikas Sadan Branch of the Central Bank of India. The Bank is also organising camps at Safdargunj Aiport, at Central School, safdargunj and opposite Vikas Sadan for the benefits of the people applying for the DDA Flats.

This is just the beginning. Leading Banks like State Bank of India, HDFC Bank, Axis bank and Punjab National Bank are also most likely to announce loan scheme for DDA flats shortly.

Related Articles

DDA Brochure & Application Form

Highlights of DDA Housing Scheme,2008

Read More!

DDA Housing Scheme-2008

Download DDA Housing Scheme'08 Brochure and Application Form

DDA has finally posted the Brochure for DDA Housing Scheme'08 on its website. Click Here to download the DDA Scheme Brochure which contains all the details regarding the scheme including how to apply, documents to be submitted, details of flats on offer and list of banks where forms are available.

Download DDA Scheme Brochure

Download DDA Housing Scheme Application Form

You need to go to DDA website to generate the online application form.

Go to the following link :
DDA Scheme Application form - 2008

You will see the window as shown below :

Type your name in the box for "Applicant name" and Click generate. You if you have typed the name wrongly , click reset to type the name again.

The application form will open up in the new window on your screen. The form will have the application number and your name printed on it. You can save the form and take print of it and then fill and submit it to DDA office before 16th September.

If the DDA website doesn't open up for some reasons, you can download the brochure from link below

Download Housing Scheme Brochure -2008

Come back on this blog to read detailed analysis of the scheme and which flats should investors opt for in the scheme to get maximum gains.

Related Articles :

DDA Scheme launched

DDA Scheme -Investment Opportunity

DDA Housing Scheme -Highlights

Read More!

DDA Update: Housing Scheme'08 launched

DDA launches Housing Scheme'08

DDA has launched the Housing Scheme 2008. The scheme offer 5010 flats and allotment to applicants will be made through lottery system. DDA has started sale of application forms for scheme. Forms are available at DDA office at Vikas Sadan from 10:30 am to 4:30 pm. The last date of submitting application to DDA is 16th September.

Application forms are also available at Vikas sadan branch of State Bank of India and Central Bank of India and also at Nehru Place branch of Union Bank of India. Application forms are also available at selected branches of Axis Bank, HDFC Bank, ICICI bank and IDBI Bank.

The application form for DDA flats is not available online on DDA website yet.

Applicants are advised not to rush for application form as the initial enthusiasm for collecting the forms will slow down in a week's time. Anticipating huge response, DDA has printed five lakh brochures and hence shortage of forms should not arise. DDA would post the application form for direct download from the DDA website. Investment Guru readers can also download the application form from this blog once it is made available online by DDA.

More Updates on DDA Flats

• Of the 5010 flats on offer are 3483 one bedroom flats, 889 two bedroom flats and 352 three bedroom flats. Another 286 flats will be under the expandable category where the owner can add upto two extra storeys. The flats are priced keeping in mind the middle and low income group.

• Allotment will be done through a computerised process wherein every application after scrutiny will be allotted a random number to prevent irregularities and keep the process foolproof. The data will be fed into the computer and a draw will be carried out in the presence of judges and the media

• Results are likely to be declared nearly three months after the application process ends on September 16.

Related posts

DDA flats - An excellent opportunity to invest

Highlights of DDA Housing Scheme'08

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Real Estate - DDA Housing Scheme'08

DDA flats - An excellent opportunity to invest

DDA is launching the Housing Scheme'08 on 6th August,2008. There are around 5000 flats on offer. See my post on highlights of the scheme. The question is " Should one apply for the flats under this scheme" ? Investment Guru is of the view that one should apply for the flats under the scheme. It's just like applying for an IPO in the stock markets. You are going to block Rs. 1.5 Lac of you funds and if you get allotment the gains would be significant. If you are cash starved there is another attractive option of getting the registration amount finance and wait for getting lucky in the draw.

Why is DDA Scheme attractive ?
The major attraction of the scheme is that the flats are being offered at a price which is around 30-40% lower than the prevailing prices in these localities. The chances of real estate prices going down in these location because of the lower prices offered by DDA is very low, since the number of flats on sale are quite low in comparison to the total real estate matrix of these locations. So an allotment in this scheme is going to generate significant gains for the investors. Real estate prices in locations like dwarka has seen consistent rise and has offered excellent gains to those who have applied in the 2006 Housing scheme. This time around too, people who get allotment are likely to fetch a premium in the range of 2-5 lacs on the DDA prices.

I don't have money for Registration amount ?
No problem. As soon as the scheme is launched you will see a flood of advertisements in the newspapers regarding banks and financial institutions offering loan for the Registration amount. In other words, If you don't have money for Registration or if you don't want to block your own cash reserves for this, you can avail a financing option from banks for registration amount. Banks generally come up with a scheme where they fix a Non-refundable amount for financing the Registration amount.

In 2006, Banks came with a Fixed amount of Rs. 5000 for financing the Registration amount. This year it may be bit more in view of higher interest rates. Suppose banks fixes Rs. 7000 this time around, it would mean that in lieu of putting 1.5 lacs of your own, you would pay nothing but Rs. 7000 to a bank for financing the registration amount. If you do not get allotment then Rs. 7000 would be your loss in terms of financing the deal. If you get allotment, it would a peanut considering the gains for your allotted flat.

I want to sell on allotment, Can I do so ?
There is an active market for trading once you get the allotment of flats under the scheme. So, if you didn't intended to hold on to the flat, but just wanted to grab the premium for allotment of the flat, you can sell the flat in the open market.

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DDA Housing Scheme'08
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