Click here to see if you are among one of the applicants in the waitlist.
DDA Housing Scheme 2010 Waiting List
Click here to see if you are among one of the applicants in the waitlist.
DDA Housing Scheme 2008 –Draw Results
Investors can now check the DDA Housing Scheme 2008 Draw Results directly from Investment Guru Blog
Click the link below to check the list of Successful applicants
DDA Draw results PDF file
Read More!DDA Housing Scheme 2008 Draw Results
DDA has finally announced the Results for the much hyped DDA Housing Scheme 2008. The draw was held at the DDA office at Vikas Sadan by way of Computer Lottery. The results can be viewed at following websites -
Both the website are not responding due to heavy traffic of investors trying to check their results. It is advised that you should try logging in late in night to see the Results online. The Results would also be published in leading newspapers tomorrow.
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DDA Housing Scheme gets good response, Allotment Details
Banks rush to provide loan for DDA Flats Registration
DDA Scheme'08 Brochure & Application Form
Read More!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
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.
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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.
Read More!Bank loans for DDA Flats 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.
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