DDA’s much-delayed draw of lots likely on Monday

The much-delayed draw for the Delhi Development Authority’s (DDA) housing scheme 2014 could finally take place on Monday, November 24.

The Delhi Development Authority had initially announced the tentative day for holding the draw as November 5 but it was postponed to November 17.

Earlier, the Delhi Development Authority had failed to hold the draw on November 17 too after its trial runs were not found successful in wrapping up the whole process within two hours.

The enormous data, with a record number of 10,08,700 applications for the scheme, resulted in mock draws taking up nearly eight to nine hours.

“We have finally managed to complete the process within two hours. We will hold a demonstration on Saturday and the draw is most likely to be held on November 24,” said a senior DDA official who did not wish to be identified.

“The number of applications received, number of flats, categories and different parameters are resulting in the cycle of draw taking too much time to complete,” the official said.

“The banks also sent us the application data very late because of which we did not get much time to prepare for the draw and the whole process was delayed,” he added.

“We have been working 24×7 to ‘tune’ the database so that the process of DDA Draw Result 2014 can be held within two hours,” he said.

The Delhi Development Authority had earlier said that the trial for the draw was taking inordinately long and the process needed more time for optimization of data.

It had also called in technical experts to check the process and give their opinion so that during the final draw, there are no technical problems.

The Delhi Development Authority’s DDA housing scheme 2014 is the land development agency’s biggest scheme ever with 25,034 flats on offer. The scheme was launched on September 1 and closed on October 15, after an extension.

While initially, the Delhi Development Authority had not received many applications, the extension of the date resulted in the number of applications touching a record high.

For more information visit DDA Draw Result 2014

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DDA website crashes after people rush for Application forms, approach authorized banks now

New Delhi: The application forms for new housing schemes of Delhi Development Authority (DDA) have been removed from the official website. The website repeatedly crashed due to massive response to the housing scheme. However the online forms would be available on the sites of the authorised banks. The forms for the housing scheme went on sale from Monday.

“Application brochure/form can be collected from the branches of the following banks. Also brochure/form can be downloaded from the websites of these banks. Applicants can also apply online through the websites of these banks,” DDA said on its website.

The DDA website received a total of 11 lakh hits on the day of the launch and 18.25 lakh hits in its total on Monday and Tuesday. The DDA officials have already initiated the process of upgrading its server to manage larger traffic.

“Since, our server cannot handle the extremely heavy online traffic; we are redirecting the services to banks. Our homepage has a new link DDA Housing Scheme 2014‘ lower down the website, which directs the online users to our 13 empanelled banks and URLs,” said VS Tomar, director of systems at DDA.

DDA launched it largest-ever scheme the ‘DDA Housing Scheme 2014′ offering 25,034 flats, out of which 22,627 are one-bed room apartments, a major draw for people this year.

The new scheme which will be open till October 9, offers flats ranging from Rs. 7 lakh to Rs. 1.2 crore across various categories, viz – EWS, LIG, MIG, Hig, Janta flats and one-room apartments.

Visit here and check DDA Draw Result 2014

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DDA 2014 Housing Scheme: Application Forms Removed From Website

Delhi Development Authority (DDA) has removed the application forms for its new housing scheme from its official website. DDA’s website had crashed repeatedly due to a massive response to its housing scheme. Now the online forms would be available on the sites of the authorised banks, DDA said.

The forms for the housing scheme went on sale from Monday.

“Application brochure/form can be collected from the branches of the following banks. Also brochure/form can be downloaded from the websites of these banks. Applicants can also apply online through the websites of these banks,” DDA said on its website. (Also read: DDA Housing Scheme 2014: Should You Apply?)

According to DDA, its website received a total of 11 lakh hits on the day of the launch and 18.25 lakh hits in total in the first two days (Monday and Tuesday).

“Since, our server cannot handle the extremely heavy online traffic, we are redirecting the services to banks. Our homepage has a new link ‘DDA Housing Scheme 2014‘ lower down the website, which directs the online users to our 13 empanelled banks and URLs,” said VS Tomar, director of systems at DDA. (Read: DDA Housing Scheme 2014 Opens: 10 Things to Know)

The official said that DDA has already initiated the process of upgrading its server to handle larger traffic.

DDA launched it largest-ever scheme — the ‘DDA Housing Scheme 2014′ on offering 25,034 flats. The scheme, which will be open till October 9, offers flats ranging from Rs 7 lakh to Rs 1.2 crore across various categories.

The land agency has made provisions for live viewing of the draw on DDA Draw Result 2014

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DDA Housing Scheme 2014: Draw of lots for DDA scheme likely on Nov 24

The Delhi Development Authority (DDA) received over 10 lakh applications for the flagship ‘Housing Scheme 2014′. The much delayed housing scheme had scheduled the tentative date for holding the draw of the lots for the new scheme on November 10, later it was shifted to November 14. And now the DDA Draw Result 2014 could finally take place on November 24.

The enormous data, with a record number of 10, 08,700 applications for the scheme, resulted in mock draws taking up nearly eight to nine hours. The scheme was launched on September 1 and received tremendous response from people. This also resulted in crashing of the official website on the opening day.

The authority had said earlier blamed the bank for sending them the data late. They said that the trial for draw was taking long time as the process needs more time for the optimization of the abundant amount of the data. Considering different parameters such as the huge number of applications received, number of flats, categories resulted in the draw to take too much time for the completion of the process. Also, the extension of dates has resulted in considerably more number of applicants.

The housing scheme offers over 25,000 flats across various categories, ranging from Rs 7 lakh to Rs 1.2 crore. Although about 17 lakh brochures were sold through DDA counters and the branches of its various empanelled banks, officials ascribed the “lukewarm response” to the scheme to the lock-in period and the nature of flats on offer.The scheme offers 25,034 flats across various categories, viz. – EWS, LIG, MIG, HIG, Janta flats and one-room apartments. The 22,627 one-bed room apartments was a major draw for the people this year.

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DDA Housing Flats Lucky Draw Result 2014 Winners List

Delhi Development Authority published Housing Flats Lucky Draw results. You can check DDA Housing Scheme Flats Lucky Draw Winners List online by name wise.

DDA Flats Lucky Draw Winners List 2014 Name Wise

Delhi Development Authority is going to announced Housing Flats Lucky Draw Results 2014 very soon (expected on 14th November 2014). The Delhi Development Authority has been launched largest Flat/House allotment Scheme in India. All types of upper class, idle class and economically very weak zone peoples take participate in this scheme. At presently this scheme (Lucky Draw scheme) has been launched and total 25,034 flats were opened for sale. Around all flats are located in various locations of NCR area. A large number (more than 10 lacs) of peoples have been applied for this scheme. Now this time all those peoples are eagerly waiting for publishing the results.

The draw result will be published online on DDA official website which is www.dda.org.in. The DDA Draw Result 2014 lucky draw winners list will be available online on the official website.

DDA Housing Flats Lucky Draw Result Winners List

We are trying for collect more details. If you have any issue then add a comment on below box. We will solve your issue on next updates. We will update this post after few hours with latest updates. You can bookmark this page and check regularly.

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Court asks DDA to check exploitation of housing schemes

Even as the applicants of the mega DDA Housing Scheme-2014 keenly await the draw of lots for the Delhi Development Authority’s (DDA) biggest such scheme till date, a Delhi court has expressed concern over how the entire system of allotment of flats is exploited by some agency officials and the way “property dealers/ touts have access in DDA office at their whims and fancies” to get the manipulation done.

“It is unfortunate that the entire system of allotment of flats has been exploited and misused by some of the allottees and property dealers and the entire allotment process requires a deeper scrutiny to ensure that benefit of allotment reaches the genuine applicants,” said Special CBI Judge Anoop Kumar Mendiratta.

ASJ Mendiratta expressed his concern while deciding a case of scam in a 1996 housing scheme of DDA for allotment of flats under the Self Financing Scheme wherein possession letters of 12 DDA flats at Kondli Gharoli here had been given to allottees on forged bank challans, without the actual payment being made causing a loss of Rs.1,06,46,063 to the DDA.

Treating the case as tip of an ice-berg, the court directed that “necessary administrative guidelines be issued by Vice-Chairman, DDA, to ensure proper cross-checking and verification of challans submitted for payment of cost of the flats at level of AAO/AO to avoid repetition of similar scam.”

“Vice-Chairman, DDA, is accordingly directed to take necessary action in the matter and action taken report be placed before this court within three months,” ASJ Mendiratta said in his 364-page order.

The court also directed the V-C to conduct a special audit for SFS Scheme-1996 by an independent agency to rule out any more cases of fraud.

In the instant case, the court sentenced Gurdas, an Upper Division Clerk (Dealing assistant-SFS, Housing accounts in DDA) and Raju Agarwal, a property dealer, to four and five years’ imprisonment respectively. It, however, acquitted V.P. Anand (Accounts officer, SFS-DDA), S.K. Kaushik (Assistant Accounts Officer) and Gurnam Chand (Assistant SFS Housing, DDA) as the CBI failed to prove their roles.

The V-C has, however, been directed to conduct departmental inquiry against those acquitted for the negligence on their part.

The CBI’s case was that under the SFS scheme, the DDA had invited applications from general public for allotment of flats from August 8 to August 20, 1996. At the initial stage the applicants were to deposit Rs.50,000 and flats in Kondli Gharoli here were allotted by DDA Draw of lots on December 31, 1996.

The CBI had further said that Gurnam was the custodian of files of SFS flats. In 1997, Raju purchased allotment papers from the successful allottees directly or through agents since the allottees were not in a position to make the complete payment.

The accused fabricated bank challans showing the cost of flats have been deposited. On the basis of forged documents, possession letters of 12 flats were issued to him.

The fraud came to light when purchasers of some flats found that the original allottees had not deposited the cost towards the flat. They asked the property dealers to return their money and filed complaints against them.

The court was of the view that the manner in which some of the allottees had applied for registration and allotment of flats in DDA (SFS Scheme-1996) brings out serious irregularities adopted by applicants to seek allotment and earn profits out of the allotments since the applications had been financed through property dealers/financiers and the applicants neither had the capacity to pay for the allotted flats nor intended to use the same for personal use.

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DDA Housing Scheme 2014 Results

New Delhi: The wait is not yet over for DDA Housing Scheme applicants as the results of the flagship scheme will take more time to be declared.

The tentative date for draw of the lots for the new scheme, which offers over 25,000 flats across various categories, ranging from Rs 7 lakh to Rs 1.2 crore, was November 05. However, it is now being scheduled for November 10.

Scheme closed on October 15 and has received over 8.5 lakh applications.

The eagerly-awaited DDA Draw of lots for the scheme can be seen online as the housing authority has decided to webcast the entire event.

The webcast would be available for “unlimited” number of online users through a YouTube channel.

Online visitors with partial or complete visual impairment can also easily access Delhi Development Authority’s official website as the portal has been made disabled-friendly.

The ‘DDA Housing Scheme 2014’ was launched on September 01 and the last date earlier was earlier decided as October 09 but on account of overwhelming response and intervening festive season, DDA had extended the last date of the scheme till October 15.

The DDA website had crashed within a few hours of its launch on September 01, prompting authorities to upgrade its server to meet the “exponentially increased user traffic”.

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Goa Property Market Lures Investors

Goa’s pristine beaches not only attract tourists, but are a haven for home seekers as well. Real estate brokers estimate that residential property in Goa commands high rentals along with good resale value. A well located, sea-facing apartment in Goa can get the owner as much as Rs 1 lakh/ month.

A construction boom has swept all over Goa. Many villas and apartments (on freehold basis) are coming up in the vicinity of Panjim, Mapusa and Calangute beach. Prominent real estate developers have announced some promising projects the city. Big players like DLF and Parsvnath have already launched exclusive residential projects in the city. Along side, builders like Acron (which caters to the select holiday-home buyer group) Araujo Home Makers, Sanatan Financers & real estates Pvt. Ltd have also commissioned some interesting projects in Goa. Real estate developers, Jai Bhuvan, are coming up with six luxury residential projects in Porvorim and Nerul.

Commercial property in Goa is also doing well. The city hosts some of the best five star properties. Small hotels also do good business as a substantial number of tourists flock the city all year round. Pentagon Arcade, by Jai Bhuvan developers, is a prominent hotel space. It includes showrooms (of the size of 120 sq mts and 200 sq mts) on the ground and first floor. Additionally, the developers have grand plans for a lavish conference hall on the sixth floor. Beside this, Sanatan Financers & Real Estate Pvt Ltd are coming up with a luxury resort called Kohinoor at Sirvoi. Another property developer Chowgule Real Estate and Construction Pvt Ltd has plans for a business centre at Miramar

All these facts just endorse that Goa Real Estate segment is already sought after. Areas like Anjuna, Candolim, and Calangate are the new zones of residential property. Soon the legalisation of casinos will bring in more revenue. Goa is about to spark off on the global investment markets. New property projects are launched every other day. Investments are pouring in from local people, HNIs, NRIs and developers and this makes Goa lucrative for everyone.

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Real estate: Investment opportunities in Goa

Goa ‘the ultimate holiday destination’, in recent times is emerging as the pre-eminent investment destination in India.

More than local investors, it’s the foreign buyers who invest big time in Goa real estate, says Andrews, a broker source from Goa. The returns from investment in Goa in long term is considered very good. Stamp duty and other property taxes are comparatively low in Goa.

Beside, the tourists are also in the race to acquire their own home in Goa, since hotel industry in the state is booming and thus the cost of staying in hotels is quite high, so the people who visit Goa often are now vying to have their own holiday home in the state.

Adds J Dsouza, real estate broker from Goa, “Furthermore, this can be a good investment option as when they are not on vacation in Goa, they can rent out their property at high prices and can have excellent returns at hand.” Moreover, possessing a seaside villa in Goa is a dream for every individual and it spells status symbol.

The cities laissez-faire lifestyle, adds an extra amount of appeal to this captivating destination. Rated as one of the best states to live in, Goa is a very peaceful place with lower rates of population, pollution and crime.

Real estate in Northern Goa is more expensive than the Southern districts of Goa, states Ashok Kumar a property broker from Goa, “South Goa is more at peace with nature and is best known for its scenic beauty, whereas north Goa is more youthful, high on night life and zeal.”

He adds on further, “but currently the developments are taking place all over Goa, Southern district may not be that dynamic but it is catching up fast with many big real estate projects underway and quite a handful to be launched soon. The same goes for real estate in suburbs and peripheral areas.”

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Bangalore – Awestruck With the Office Space Consumption

Bangalore has been enjoying the status of the highest office space consumption since last two years. Since Bangalore is termed as the IT hub of India, the offices in Bangalore are well equipped with all the amenities required for carrying out the business from day one. Bangalore is also on the high to set a new record for office space consumption. The office real estate property is expected to reach 100 million sq. ft. by 2017. The stock was only half four years back and now it’s going to double in the coming three years. Why so much of development is been going on in Bangalore regarding office spaces? It has many answers. The improved infrastructure is first advantage in the list. The construction of several flyovers connecting the busiest areas has reduced considerable time for commuting. Many signal free zones have recently been declared by the government in several areas of traffic chaos making the communication even easier. Considering to the demand and scenario, the offices in Bangalore now come with state of art facilities. The current office stock owes to the fact that the city is driven by the availability of IT SEZ spaces.

The development of seamless Outer Ring road along with the construction of the Metro rail will further give the city a boost for commercialization. Office space for rent in Bangalore is also on a high considering the fact that the city offers quality office at reasonable rental price as compared to the other metropolitans of the country. Office spaces for rent in Bangalore can be further attributed to the fact that numerous new businesses are budding each year that prefer to go for rent and expand their business thereby. Even the realtors prefer to rent their buildings for office space purpose because of the fact that rental returns are much bigger than the residential returns. With the large scale development of the offices spaces in Bangalore, city has seen a spurt in residential catchments as well.

According to the recent trend of ‘walk to work’ many realtor have constructed their projects near to office complexes. According to S Bhaskaran, CFO, Shobha builders, their recent project ‘Shobha Morzaria Grandiuer’ was built near Diary circle which was located at a walk able distance from IT majors like IBM, Honeywell, Oracle and Adobe. The project witnessed its maximum flats being sold at very short span of time since the IT workforce in such offices preferred to own home near to their office. Likewise many other regions have seen the same scenario. Sometimes the case is vice-versa. New businesses prefer to put up their office spaces nearby residential catchments where they can get good focus and reliable supply of manpower. SBD and regions near Whitefield have got considerably good numbers of Office for rent in Bangalore owing to the good connectivity and large residential catchments sprawling in this region.

Many retail showrooms and workshops have also made their existence being felt in Bangalore. Several hypermarket accommodating world class brands have encouraged many other renowned brands put up their commercial office spaces in Bangalore. This has been possible because of the high end lifestyle of the people of the city who do not bother to pay some extra to get that redefined style and quality. Commercial office spaces in Bangalore have seen a consistency in growth in the regions like Commercial Street, MG Road and CBD owing to the fact that many micro markets have made their housing here. But according to Jones Lang LaSalle India report, the region commanding the highest growth in commercial office in Bangalore is the belt of Outer Ring Road. According to the report, ORR is even going to rule the position in coming times as well due to good connectivity to the other major corporate destinations of Bangalore. It has been estimated that with metro connecting the various corners of the city, the commercial office spaces consumption and supply will surely move to a level upper crowning Bangalore the highest office space consumption city of times.

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