E-auctions: DDA extends deadline for balance bid premium

09 Jul 2021 CW Team

The DDA has extended the deadline for submitting the balance 75% bid premium for successful bidders in the e-auction to July considering the financial distress of people during the second wave of Covid-19.

The Delhi Development Authority (DDA) announced the extension of the deadline in response to the coronavirus pandemic.

In times of financial hardships caused by the second wave of the Covid-19 pandemic, the DDA has given successful bidders an extension of time to submit the balance of their bid premium in e-auction cases.

Officials informed DDA is allowing a longer grace period for balance payments made on or after April 1 but before July 31.

In such cases, the deadline for paying the remaining 75% of the bid premium has been extended until July 31, subject to the payment of interest on the late payment.

The Delhi Development Authority was established to promote and secure the development of Delhi under the provisions of the Delhi Development Act.

The Delhi Development Authority (DDA) has played a critical role in the city's orderly yet rapid development. More than 11 million people call the city home, and the number continues to rise.

Image Source

Also read: DDA promotes affordable housing, will dispose group housing projects

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..