DDA’s Diwali Housing Auction: 2,093 Flats, 3,055 Applicants : The Delhi Development Authority (DDA) begins a two-day live e-auction of 2,093 flats in its Diwali Special Housing Scheme 2023, attracting significant interest with 3,055 applicants
The Delhi Development Authority (DDA) is set to kick off a two-day live e-auction today, featuring 2,093 flats as part of its Diwali Special Housing Scheme 2023. According to The Economic Times report, the auction has garnered significant interest, with 3,055 applicants having submitted earnest money deposits (EMD), the initial booking amount required during the registration process.
The flats available for bidding encompass a diverse range, including 170 super High-Income Group (HIG) units, 946 HIG units, and 14 penthouses in Dwarka Sector 19B. Additionally, there are 316 Middle-Income Group (MIG) flats in Dwarka Sector 14 and 647 MIG flats in Loknayak Puram. In total, there are 1,130 luxury flats up for grabs.
The report added that the tentative reserve prices set by the DDA vary for each category, with penthouses commanding a hefty Rs 5 crore, super HIG at Rs 2.5 crore, HIG at Rs 2.1 crore, and MIG flats ranging from Rs 1.1 crore to Rs 1.4 crore. The EMD amounts specified by the DDA for MIG is Rs 10 lakh, for HIG is Rs 15 lakh, for super HIG is Rs 20 lakh, and for penthouses is Rs 25 lakh.
To ensure a seamless auction process, the DDA has organized demo sessions for applicants and partnered with SBI’s e-auctioning bidding platform. These demo sessions, conducted from January 2-4, acquainted participants with the intricacies of the process. The entire auction process is set to be conducted online, maintaining anonymity, allowing bidders to participate from any location worldwide, as highlighted by an official.
To prevent server issues and confusion, the DDA has scheduled different timings and days for the e-auction of flats in various categories. Penthouses and MIG flats will be auctioned on Friday from 11 am to 12 pm, followed by super HIG from 3 pm to 4 pm. The e-auction for HIG is slated for January 6, Saturday, with batch 1 of 430 flats at 11 am to 12 pm and batch 2 of 516 flats at 3 pm.
Applicants are advised to thoroughly review instructions, FAQs, a demo YouTube video, and the terms and conditions outlined in the scheme brochure. The DDA initially launched the scheme in November, presenting 32,000 newly-constructed flats in Dwarka, Loknayak Puram, and Narela. Registration for approximately 28,000 LIG and EWS flats commenced on November 24, while the remaining flats opened for registration on November 30.
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