DDA Penalty – What Do If I Return DDA Flat
To avoid 2014 like situation where nearly 13000 flats were returned by allottees, DDA is going to levy penalty on allottees who wish to return flat this year. DDA has also increased the registration amount to Rs 1 Lakh for LIG and Rs 2 Lakh for MIG/HIG category.
- No penalty before the draw of lots
- 25% of the earnest money if an allottee return flat within 90 days of draw.
- 50% penalty on earnest money if an allottee return flat within 90 days of issuance of demand letter
- After the above period there would be no exemption.
Location DDA Flats in Scheme 2016-17
Flats in the DDA Housing Scheme 2017 are located at Sukhdev Vihar, Sarita Vihar, Dwarka, Pitampura, Dilshad Garden, Narela, Rohini, Jahangirpuri, Loknayakpuram, Jasola, Paschim Vihar, Bindapur and Mukherjee Nagar.
List of Banks for DDA Housing Scheme 2017:
Following is the list of banks from which an applicant can buy and submit forms for DDA Housing Scheme 2017.
- Bank of Baroda
- Yes Bank
- Axis Bank
- IDBI Bank
- Kotak Mahindra Bank
- State Bank of India
- Central Bank
- HDFC Bank
Registration for DDA Housing Scheme 2017 Launch Date
The registration for DDA new scheme 2017 will commence from June 2017