It seems that dark clouds of worries to be dispersed soon for people who bought homes under the Delhi Development Authority's 2014 housing scheme. DDA is likely to allow its existing buyers for selling apartments without going through the drawn-out process of 5-years lock-in clause.
The land legacy officers lately revealed to the sources that a proposal discontinue the lock-in period for resale of flats will be on the table in no times. Sources also said that the Delhi Development Authority has decided it might abdicate the lock-in clause for its upcoming, revised housing scheme of 2017. The five year waiting period was introduced in 2014, to ward off speculators and property investors from applying for allotment of apartments, exempting them instead of actual home seekers.
JP Aggarwal, principal commissioner, land disposal and housing, DDA, confirmed on Tuesday July 4, 2017, that the agency was well-informed related the demand to drop the clause from the contracts of the 2014 allottees and that a meeting to realize similarity between the two housing schemes would look at the proposal.
Regarding the new plan execution Aggarwal said, "Under the earlier contract, the allottees were required to pay 10% of the total cost after a period of five years. If the lock-in clause is removed, they will have to pay the amount right away."
It’s an open secret that allottees of the same area are having major grievance against authority for inferior basic civic infrastructure in these colonies. These people are dealing this severe negligence of the authority as they are contract-bound under DDA Housing Scheme, 2014. In case, the lock-in clause is reversed, then the people who were allotted flats will have to straight-way pay 1.33 lacs (approx). This would add some major woo to their existing sufferings.
Residents of Rohini and Narela, where the most numbers 2014 flats are located, are considering taking this matter to the central housing ministry as they feel that government need to intervene and take onus of the infrastructural development in and around the complex. There are no local markets; the approached roads are in also bad in shape, no street lights. Thus, the area is turning really unsafe in the evenings.
Apart from this, residents are suffering from poor quality of drinking water. Till date the water is being supplied through tankers. There is no permanent solution of this water issue. The authority should install property water treatment plant before sanctioning application of the new allottes. On which, Mr. Aggarwal confirmed that the appointed engineering wing is already started working on the water supply issue in these mentioned areas. He also confirmed that before new allotment water issue will be resolved. Residents also complained that due to awful condition of the infrastructure property price in this area has not increased a bit in the past 2 years. They now want DDA to adjust their repayments and give concessions.
-Liyans News Network (LNN)- Buy luxury residential properties in your favourite location in Kolkata with huge price off. Find on discount luxury properties under residential property sale in Kolkata category of our online property portal. Over 3 lac+ listing across 100+ cities.
The land legacy officers lately revealed to the sources that a proposal discontinue the lock-in period for resale of flats will be on the table in no times. Sources also said that the Delhi Development Authority has decided it might abdicate the lock-in clause for its upcoming, revised housing scheme of 2017. The five year waiting period was introduced in 2014, to ward off speculators and property investors from applying for allotment of apartments, exempting them instead of actual home seekers.
JP Aggarwal, principal commissioner, land disposal and housing, DDA, confirmed on Tuesday July 4, 2017, that the agency was well-informed related the demand to drop the clause from the contracts of the 2014 allottees and that a meeting to realize similarity between the two housing schemes would look at the proposal.
Regarding the new plan execution Aggarwal said, "Under the earlier contract, the allottees were required to pay 10% of the total cost after a period of five years. If the lock-in clause is removed, they will have to pay the amount right away."
It’s an open secret that allottees of the same area are having major grievance against authority for inferior basic civic infrastructure in these colonies. These people are dealing this severe negligence of the authority as they are contract-bound under DDA Housing Scheme, 2014. In case, the lock-in clause is reversed, then the people who were allotted flats will have to straight-way pay 1.33 lacs (approx). This would add some major woo to their existing sufferings.
Residents of Rohini and Narela, where the most numbers 2014 flats are located, are considering taking this matter to the central housing ministry as they feel that government need to intervene and take onus of the infrastructural development in and around the complex. There are no local markets; the approached roads are in also bad in shape, no street lights. Thus, the area is turning really unsafe in the evenings.
Apart from this, residents are suffering from poor quality of drinking water. Till date the water is being supplied through tankers. There is no permanent solution of this water issue. The authority should install property water treatment plant before sanctioning application of the new allottes. On which, Mr. Aggarwal confirmed that the appointed engineering wing is already started working on the water supply issue in these mentioned areas. He also confirmed that before new allotment water issue will be resolved. Residents also complained that due to awful condition of the infrastructure property price in this area has not increased a bit in the past 2 years. They now want DDA to adjust their repayments and give concessions.
-Liyans News Network (LNN)- Buy luxury residential properties in your favourite location in Kolkata with huge price off. Find on discount luxury properties under residential property sale in Kolkata category of our online property portal. Over 3 lac+ listing across 100+ cities.
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