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