With just 5,000 applications received till last week for around 12,000 flats up for sale, the Delhi Development Authority is likely to extend the last date for the scheme by 15 days.
Presently, the last date for submitting the applications to be eligible for draw of lots is August 11.
DDA had launched the scheme on June 30 with 12,069 flats under which 87 are high-income group (HIG) flats, 404 are two-room middle income group (MIG) flats. The rest 11,197 are one-bedroom lower income group flats (LIG) flats and 384 janta flats.
A senior DDA official said, “An approval for the extension will be sought from Delhi Lieutenant Governor Anil Baijal, who is also the chairman of DDA. The DDA shall demand extension by two weeks.”
To encourage prospective buyers, DDA is also in talks with four banks that are likely to come up with loan offers against registration money.
“Central Bank of India, IDBI, Axis Bank and ICICI Banks are likely to come up with loan offers to encourage more people to invest in the scheme,” he said.
For the LIG (lower income group) category, the registration fee is Rs 1,00,000 while for the middle income group and high income group flats, Rs 2,00,000 will be charged.
Sources in DDA said that while Central Bank will offer loan of Rs 2,00,000 for around Rs 8,000 and Rs 1,00,000 for around Rs 4,000.
However, the loan will only be for people who had accounts with the bank before the announcement of scheme, he said. Other banks are yet to decide the modalities of the loan, he said.
Earlier, most banks that had tie up with DDA for the housing scheme had refused to offer loans due to the forfeiture clause.
