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As per to the sources saying @ the www.porpertykhazana.com, 5,010 flats was put on auction by the Delhi Development Authority and people were in line to get their purpose served. When the authority had announced about the auction of flats they started to receive many applications, when it ended to take the applications, an expected 8, 61,000 applications were received. It was equal to almost one in each 16 city’s inhabitants which had bought and some of them around 400,000 downloaded online. Portray of heaps for the flats is expected to be held in three months and however, authority will not be paying interest on the deposits made by applicants.
As said by the senior DDA official to the www.porpertykhazana.com, its necessary to give reasonable residential and not compulsory profit from it, the flats are rated for around 40% of the existing market prices. These units are normally wanted after, as they are entirely equipped apartments and fairly low-priced than those of private builders. Before DDA had proclaimed a same realty scheme in 2006 and had received some 200,000 applications for 3,000 residences. From its beginning time in 1960s, the DDA has offered 42 residential registration schemes by giving 360,000 residences of which it expected almost half as lower income groups (LIG). But, land in the city is on shortage mode, those sought to purchase flats or residences are forced to shift elsewhere in Satellite Township bounding the Delhi city.
Source: NBTVLIVE

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