Delhi development body extends final payment deadline
ECONOMY & POLICY

Delhi development body extends final payment deadline

The Delhi Development Authority (DDA) has recently extended the deadline for the payment of the final instalment for over 1,800 premium flats in Dwarka 19B, which were sold through an e-auction. The new deadline for making the 25% payment of the total value is now September 30, having previously been set for August 31. The authority indicated that this decision was made in response to requests from buyers who needed additional time to arrange the necessary funds. The extension was also due to ongoing finishing work in the flats.

Buyers expressed concerns that the DDA has yet to complete essential arrangements, including electricity and water connections, installation of the main entrance gate, appointment of security staff, and development of recreational areas. They have written to officials, fearing that the deadline for transferring possession might be delayed by a month given the current pace of work at the site. The DDA had already extended the deadline once in July.

One allottee, who has made 100% payment, remains uncertain about moving into the apartment. He stated, "We bought a three-BHK flat through e-auction and were hoping to shift during Dussehra or Diwali. However, currently, there is no electricity or water supply, and the power company is busy laying lines and activating substations. There are no security guards, and entry to the apartment is through a side gate, as the main gate is still not operational. Looking at the speed of work, I don't think we can enter our flats this year."

Another allottee, who has yet to pay the 25% instalment, questioned the authority about collecting maintenance charges in advance in March, despite the initial work being incomplete. She mentioned, "Right now, we are paying EMIs for the loan taken to buy the flat, as well as covering expenses for our current accommodation. Access from HIG and Super HIG to the community hall has still not been provided, and work on the sports facilities is also pending."

The site in Dwarka Sector 19B includes 1,858 properties across 13 towers, comprising 14 penthouses, 170 Super HIG flats, and 946 HIG flats. When asked for comment, a DDA official explained that due to demand from many allottees of the Sector 19B Golf View condos for early allotment of flats, the authority had handed over possession as quickly as possible. "However, some allottees later requested an extension for making the balance 25% payment to allow them to arrange their finances. The final finishing work is taking longer than expected, which led to the decision to extend the time by one month," the official stated.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Delhi Development Authority (DDA) has recently extended the deadline for the payment of the final instalment for over 1,800 premium flats in Dwarka 19B, which were sold through an e-auction. The new deadline for making the 25% payment of the total value is now September 30, having previously been set for August 31. The authority indicated that this decision was made in response to requests from buyers who needed additional time to arrange the necessary funds. The extension was also due to ongoing finishing work in the flats. Buyers expressed concerns that the DDA has yet to complete essential arrangements, including electricity and water connections, installation of the main entrance gate, appointment of security staff, and development of recreational areas. They have written to officials, fearing that the deadline for transferring possession might be delayed by a month given the current pace of work at the site. The DDA had already extended the deadline once in July. One allottee, who has made 100% payment, remains uncertain about moving into the apartment. He stated, We bought a three-BHK flat through e-auction and were hoping to shift during Dussehra or Diwali. However, currently, there is no electricity or water supply, and the power company is busy laying lines and activating substations. There are no security guards, and entry to the apartment is through a side gate, as the main gate is still not operational. Looking at the speed of work, I don't think we can enter our flats this year. Another allottee, who has yet to pay the 25% instalment, questioned the authority about collecting maintenance charges in advance in March, despite the initial work being incomplete. She mentioned, Right now, we are paying EMIs for the loan taken to buy the flat, as well as covering expenses for our current accommodation. Access from HIG and Super HIG to the community hall has still not been provided, and work on the sports facilities is also pending. The site in Dwarka Sector 19B includes 1,858 properties across 13 towers, comprising 14 penthouses, 170 Super HIG flats, and 946 HIG flats. When asked for comment, a DDA official explained that due to demand from many allottees of the Sector 19B Golf View condos for early allotment of flats, the authority had handed over possession as quickly as possible. However, some allottees later requested an extension for making the balance 25% payment to allow them to arrange their finances. The final finishing work is taking longer than expected, which led to the decision to extend the time by one month, the official stated.

Next Story
Infrastructure Urban

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Next Story
Infrastructure Transport

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Next Story
Infrastructure Transport

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement