P
Propmyna Khabri
posted on 5 MayDDA Extends Payment Deadline for Karkardooma Towering Heights
You know how sometimes project delays can mess with payment plans? For those eyeing or allotted a spot in DDA's Karkardooma Towering Heights, there's a big update! The DDA has extended the payment deadline for their 1,026 premium 2BHKs to June 30, mainly due to approval delays and allottee requests. What do you think, Delhi folks – is this extension a positive breather or does it raise concerns for buyers in our city?
#New Delhi
Comments
My agent told me that the actual physical progress on site is lagging significantly. He mentioned that only 8-9 floors are structurally complete in some towers, when they should have been much further along by now. Is this common knowledge or just a rumour? If true, then this 'extension' is just a cover-up for construction delays.
So, what's the next step for us allottees? Should we just wait and watch, or try to get more clarity from DDA?
It's a really mixed bag then. For some, it's a blessing to get more time for payment, especially with interest rates being volatile. But for others, like those who've already planned their move or are paying rent, it's a huge headache and a sign of potential long-term delays. DDA really needs to be more transparent about the actual reasons. We, as first-time buyers, are putting our life savings into this.
I can second that. I visited the Karkardooma site last month and the progress was definitely slow. It didn't look like a premium project moving at full speed.
Regarding your EMI question, usually, for DDA projects, EMI starts post-possession or after a certain stage of construction, but it's crucial to re-check your allotment letter and agreement specifics. DDA terms can be quite rigid, so don't assume anything.
I'm trying to look at the positive side. For those who were struggling to arrange funds or waiting for some investment to mature, this is a golden opportunity. More time means less pressure, right?
Maybe, but what about the EMI start date? If the possession gets pushed, will the EMI also start later, or will we end up paying interest on a property we haven't received yet?
Is it really just 'approval delays' or is there something more to it? I'm hearing whispers that the construction progress itself is very slow. Anyone has ground-level info on how much work is actually done at the site?
Last time I passed by the Karkardooma site, it didn't look like much progress had happened since my previous visit a couple of months ago. I doubt it's just 'approvals'.
Exactly! My friend faced similar issues with a project near Anand Niketan. These excuses are common.
You hit the nail on the head! My cousin booked in an Alaknanda project a few years back, and they kept giving 'approval delays' as an excuse, but later we found out the builder was facing financial issues. The project got delayed by 3 years. For us budget-conscious buyers, every month of delay means more rent, more EMI pressure. It's a huge burden.
Relief? More like a red flag, in my opinion. DDA ka toh puraana game hai, they announce big projects, then construction drags on forever. I've seen this happen with projects near Anand Vihar too. This extension probably means they're way behind schedule or sales aren't as brisk as they hoped. In the current Delhi market, buyers are cautious, and these delays just add to the uncertainty.
Totally agree with you. My uncle booked a DDA flat in Narela years ago, and the possession date kept shifting for almost two years. It was a nightmare for budgeting. Karkardooma Towering Heights is premium, but DDA is DDA at the end of the day.
Honestly, this is a bit of a relief! I've been scrambling to get my finances in order, and this extension gives a much-needed breather. But at the same time, it makes you wonder why the delay in the first place? Hope it's nothing major.
Haan bhai, exactly! Finally some breathing room for us first-time buyers. My bank loan process was taking ages.