Recently, some more news came in the light. By the news in the housing scheme of DDA there are many problems involve. However, people want only their lucky house which has got in their scheme. Read some more comments by a news blog:
"DDA has announced to distribute flats on the basis of housing scheme 2008 in these areas of Delhi - Rohini, Vasant Kunj, Dwarka, Paschim Vihar and Pitam Pura Pitampura, Dwarka, Motia Khan, Paschim Vihar, Dilshad Garden, Vasant Kunj, Narela, Shalimar Bagh, Jhilmil, East of Loni Road, Nand Nagari, Peeragarhi, Sarai Khalil, Rohini, Lok Nayak Puram, Bindapur and Zafrabad.
According to the DDA housing scheme of 2008 about 5020 flats will be distributed in above mentioned areas. All the applications are for 2 or 3 bedrooms flats in various apartments. With the DDA flats scheme registration fee was of Rs. 1.5 Lakhs and about 12.64 lakh application forms were sold and downloaded but finally submitted form were 5.12 lakh finally in different banks which was announced by authorized by the DDA. I think it is the business plans like other investors of real estates.
The flats rates will be Rs 7.95 lakh to Rs 11.90 lakh. According to the DDA official announcement the rate was about 40% less from market. Axis bank, ICICI, HDFC, IDBI, SBI, Central Bank of India, and Union Bank of India were the official announced bank to submit the form of DDA housing scheme of 2008 flats.
It was the lottery for DDA flats scheme in India basically in Delhi. DDA is the official authority for Delhi Development. Who don't get lucky in the lottery of DDA housing scheme 2008 will be gait back their registration money by January, 2009. Who have applied from banks will get their money back with the deduction of 5000.
You can now imagine the housing system in Delhi or all over metropolitan of India with the December, 2008 results of DDA flats scheme. People are much agree to spend their money upto 11.90 lakh rather than 25-30 lakh flats in Delhi. This is the results of hot property in not only in Delhi but also in India.
It is the mortgage scheme of people life not DDA flats scheme. DDA was created in 1957 to promote and secure the development of Delhi under the provision of Delhi Development Act."