NEW DELHI: Delhi Development Authority (DDA) is set to introduce e-auction for flats offered under the recent Dwarka Housing Scheme 2024, starting from Sept 24.
The authority launched three housing schemes on Aug 20 — Sasta Ghar Scheme (7,124 EWS and LIG flats), Madhyam Vargiya Housing Scheme (1,843 EWS, MIG and HIG flats), and Dwarka Housing Scheme (173 flats) — across seven locations in the capital.
The flats in the first two schemes were offered on a first-come, first-serve basis. The e-auction is for penthouses, super HIG, HIG, and MIG categories in various sectors of Dwarka.
The last date for submitting the earnest money deposit (EMD) and the final submission of applications for the Dwarka flats scheme were Sept 17 and 19, respectively.
“The live e-auction for these flats will be conducted every day between Sept 24-26 from 11 am to noon and 3-4 pm. Initially, the bidding process will be for one hour and if in the last 5 minutes, any higher bid is placed, the bidding process will automatically be extended by 5 minutes. This process will be continued for a maximum of 20 times. So, any auction can go for a maximum period of 2 hours and 40 minutes,” DDA said in a circular issued recently.
“For 173 flats in Dwarka, over 2,000 people have submitted EMD, so we expect all flats to be sold easily. We are also expecting the sales to pick up during Navaratri for flats in the Sasta and Madhyama schemes,” an official said.
Approximately 1,700 out of the 8,967 DDA flats on offer across the last two schemes and categories have been sold so far.
“In fact, apart from DDA being successful in selling all flats at Jasola, flats in Rohini too sold out on the first-come, first-serve basis,” a DDA official said.
The 41 flats in Jasola were sold out on the first day. Over 700 flats in Rohini sold out within 10 days.
