DDA E-Auction for 173 Penthouses, Super HIG and MIG Flats in Dwarka Begins Tomorrow | Check Details

New Delhi: The e-auction of flats being offered under the Dwarka Housing Scheme 2024 will be introduced by the Delhi Development Authority (DDA) from Tuesday, September 24.

Notably, the DDA launched three housing schemes on August 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.

E-auction for Penthouses, Super HIG, HIG, and MIG Categories 

The apartments in the first two schemes were allotted on a first-come, first-serve basis. Meanwhile, the e-auction is for penthouses, super HIG, HIG, and MIG categories in various sectors of Dwarka.

The deadline for submitting the earnest money deposit (EMD) and the final submission of applications for the Dwarka flats scheme ended on Sept 17 and 19, respectively.

As per a circular issued by the DDA, the biding for the flats will be conducted on September 24, 25 and 26 from 11am to noon and then from 3 to 4 pm. Initially, the e-auction process will be set for an hour but the bidding process will automatically be extended by 5 minutes if any higher bid is placed in the last 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," read the circular.

2,000 Applicants for 173 Flats in Dwarka

There are 2,000 applicants for 173 flats in Dwarka so it is likely that the flats will be sold out easily. There is anticipation of rise in sales during Navaratri for flats in the Sasta and Madhyama schemes.

So far, approximately 1,700 out of the 8,967 DDA flats offered under last two schemes and categories have been sold so far. The DDA successfully sold all its falts in Jasola and Rohni on the first-come, first-serve basis.

The 41 flats in Jasola were sold out on the first day while more than 700 flats in Rohini sold out within 10 days.