Delhi Development Authority came into being in 1957 under the provision of Delhi Development Act, to promote and secure the development of Delhi. DDA owe its birth to the committee under the chairmanship of Sh G D Birla, which recommended the establishment of an authority to control the development of burgeoning population of Delhi. As a result of the recommendations of the committee Delhi Development (Provisional) Authority came into existence in 1955, which gave way to the Delhi Development Authority. Since its inception till date Delhi Development Authority has been one of the major planning bodies in Delhi in the following fields:
Planning
Housing
Lands
Sports
Greens
It's the day Delhi has been waiting for DDA Draw Result. Nearly 5,000 new DDA flats will be allotted on Tuesday through a computer lottery.
The 5,000 DDA flats range from Rs 7 to 77 lakhs. They've been built in some of Delhi's most-wanted colonies like Dwarka, Rohini and Vasant Kunj. The fact that they're 50 per cent cheaper than market rates for these areas makes them priceless. And to avoid any controversy, the lottery is being supervised by IIT Professors.
"It's 100 per cent transparent. The draw is totally computerized; all the application numbers and flat numbers have been fed and both the list would be randomised by the computer. The cut off will be drawn by the judges and the computer will declare all the results," said Neemo Dhar, Director, PRO, Delhi Development Authority.
Anybody who is allotted a house will get a cheaper home loan from a government bank. Loans for upto Rs 20 lakhs have fallen by two per cent. And half of the new DDA flats cost Rs 20 lakhs or less both the houses Ritesh has applied for fall into this category.
"I have just heard the news about the new home loan rates. The lucky winners will get the keys to their new houses in next two months. Those who didn't make it will be refunded the registration fee of Rs 1.5 lakhs by the end of December.
The DDA draw comes at a time when the government has announced capping of interest rates on home loans to their lowest levels in many years. But with one in every 110 applicants standing a chance, this indeed is a once in a lifetime opportunity for the lucky few.
DDA Housing Scheme 2008 Result
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