New Delhi: The fate of over 10 lakh applicants to the DDA Housing Scheme 2014 will be decided on Monday. The Delhi Development Authority (DDA) will hold the computerised draw of lots for its Housing Scheme 2014 at around 12:00 noon on Monday, vice chairman Balvinder Kumar told NDTV. For every flat, there are around 40 applicants.
Top 10 Facts
1. DDA for the first time would also be "webcasting live" the entire draw. Applicants can watch the proceedings live at a special website created for this draw (www.ddadrawlive.in).
2. The draw would be held at DDA's headquarters Vikas Sadan in New Delhi.
3. Launched on September 1, the housing scheme drew a strong response. DDA has received over 10 lakh applications for the flagship 'Housing Scheme 2014 and about 17 lakh application forms were sold. The last date for the scheme was October 9 initially but was extended till October 15.
4. The DDA Housing Scheme 2014 offers over 25,000 flats across various categories, ranging from Rs 7 lakh to Rs 1.2 crore.
5. C-DAC (Centre for Development of Advanced Computing) has been chosen as the technology vendor for the draw. C-DAC had also conducted the draw for DDA's last housing scheme in 2010.
6. The housing authority has been conducting dry runs since November 10 to check its preparedness.
7. DDA was originally scheduled to hold the draw in the second week of this month.
8. DDA vice chairman Balvinder Kumar had earlier told NDTV that some applicants had reported issues with the data in their application forms. Also, the draw process was taking around 6-7 hours during its testing and the housing authority wanted to bring down that time period, he added.
9. DDA will refund the registration fee (Rs 1 lakh) to unsuccessful applicants who had paid on their own through the bank branch wherein they had deposited the application form. The bank will dispatch refund cheques to the applicants.
10. Successful applicants have the option to surrender the flat before the issue of possession letter from the DDA. Allotment will be automatically cancelled in case the payment is not made within the prescribed period. And the amount deposited will be get refunded without interest.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.