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”.

DDA postpones draw of lots once again in Delhi

Less than 24 hours before the Delhi Development Authority was to conduct the much awaited draw of lots for its Housing Scheme 2014, the biggest residential scheme till date, the land agency deferred the exercise citing inordinate delay during mock draw. The DDA had on November 14 announced that the draw of lots for the 25,034 flats will start on Monday (November 17) at 11:30 am.

However, on Sunday it announced its decision to postpone the draw without giving the next date. Earlier, the draw was to take place tentatively on November 5, which was then postponed to November 10 and then 12.

“A mock trial of the draw of DDA Housing Scheme 2014 was held today at Vikas Sadan in the presence of honourable judges and senior officers of the DDA. After the mock trial, the Centre for Development of Advance Computing (C-DAC) officials observed that the process has taken a long time to the tune of eight to nine hours...,” the DDA said in a press release.

It attributed the huge amount of time taken in mock trial to “large number of applications (more than 10 lakh), multiple categories of flats (more than four), multiple preferences for locations (34) and multiple reservations (SC, ST, persons with disabilities, ex-servicemen and war widows)”.

The civic agency further said the process needs more time for optimisation of data and the process of draw.

The DDA has called technical experts to check the process and give their opinion to ensure that the final draw does not take so much time and is free of technical errors.

“It was decided to give more time to the technical team, which has been working on the draw for the past 72 hours continuously and, therefore, the draw scheduled for November 17 has been postponed,” it said.

The agency said the next date of draw will be announced as soon as the technical team is ready for the draw.

The scheme is the DDA’s biggest ever housing scheme till date. For 25, 034 flats, the agency have received over 10 lakh applications. Most of the flats are in low-income group.

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

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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