DDA To Hike Interest Rate For Housing Registration Deposits
NDTV Profit [ 27-06-2014 ]

The Delhi Development Authority (DDA) has decided to pay a simple interest at 8 per cent instead of the current 5 per cent on registration deposits for all its future housing schemes.

The decision was taken at a DDA meeting at Raj Niwas, Delhi on Friday.

The decision was taken in order to "narrow the gap" between the interest paid to the allottees and that charged for delayed payments for its housing schemes, the urban body said in a release.

It, however, added that old cases which have been settled shall not be reopened.

The decision will also apply to earlier "alive" schemes where the deposit has been kept for more than three months from the last date of closure of the scheme, the statement added.

It was also decided during the meeting that computerized bills would be made available for Dwarka sub-city and Lok Nayakpuram by June 30, which would also be accessible on the DDA website.

A one-time rebate in surcharge payment on water bills was also approved in the meeting for consumers in Dwarka and Rohini, who pay their outstanding bills in installments but within a certain time frame, it said.

Change of land-use for facilitating building of offices in certain areas was also approved, it said.

Conatct Us

Let Us help you find your Dream Home

Name Mobile# City