Now the buyer of the home has to more time to apply for the DDA Housing Scheme. On Wednesday DDA has extended the applying date till September 11. DDA has also give relax on the forfeited clause on the surrendering of the house by the allottees.
In the revised provision of the DDA Housing Scheme, If buyer surrenders the houses with in the 15 days of the allotment of the letter then no penalty has to given and if the buyer returned after the 15 days of the allotment of the letter than 10 percent of the registration amount will be forfeited.
The Lieutenant Governor Anil Baijal give the permission for the relaxation of penalty and date extended. The authority has sold only 75,000 forms and received only 8,000 application till the 8th. This is the far below of the last year apply in 2014. The Scheme was launched on June 30 with offers over 12,000 flats across all income group.
The cold response of the buyers was due to the banks which are tie up of DDA were not ready to the given loan for the registration fees. In a meeting, Banks had urged the housing authority to remove the clause of 25 per cent registration fee being forfeited.
The DDA Housing Commissioner JP, Agarwal said, “The banks’ inability to give loans had discouraged many serious buyers. So, we have relaxed the penalty amount. It will ensure that banks finance the registration amount and it will attract more buyers who had lost interest because of the clause.”