Get forms for new DDA housing scheme in Delhi from these eight banks

The Delhi Development Authority (DDA) has roped in eight banks for its new housing scheme that is expected to be launched after the municipal elections are over in Delhi.

A senior official said that DDA has tied up with eight banks — five private and three government — for the scheme. These banks are Bank of Baroda, Yes Bank, Axis Bank, IDBI Bank, Kotak Mahindra Bank, State Bank of India, Central Bank and HDFC Bank.

Forms will be available at select branches of these banks in Delhi only. Sources in DDA said that 99 branches of Bank of Baroda, 48 of Yes Bank, 118 of Axis Bank, 84 of IDBI bank , 50 of Kotak Mahindra Bank , 29 of State Bank of India, 28 of Central Bank of India and 6 of HDFC will be on board.

Since DDA is also offering the buyers to book the flats online, these banks will be providing gateways for online transactions. The refund to the unsuccessful applicants will also be handled by the these banks. In case of refund or transfer of money only electronic mode will be used with no paper transaction.

Read: Why you shouldn’t worry if you haven’t got a flat in DDA draw

The DDA has also decided that if the buyer denies taking the possession of the flats then they will not have the option of ‘surrendering’ it. The land owning agency will forfeit the entire registration money which is Rs 2 lakh for HIG and MIG flats and Rs 1 lakh for LIG and Janta flats.

Senior officials have been instructed by lieutenant governor Anil Baijal, who is the head of DDA, to ensure that adequate public transport connectivity and other services are available before the opening of flats under its new housing scheme .

Under the project, the authority will offer 13,000 flats at locations like Sarita Vihar, Jasola, Dwarka, Pitampura, Sukhdev Vihar, Narela, Rohini, Jahangirpuri, Loknayakpuram, Dilshad Garden, Paschim Vihar, Bindapur and Mukherjee Nagar.

All of these flats were, in fact, offered in the previous schemes, but were later surrendered by allottees because of poor construction, infrastructure, and other facilities. A total of 11,544 flats were either surrendered or allotments were cancelled for various reasons. A majority of the flats were one bedroom, hall and kitchen (BHK).