New Delhi: The Delhi Development Authority will launch its much-awaited housing scheme on June 30. Close to 12,000-plus flats -a majority of which were returned by allottees of a 2014 housing scheme — will be up for sale.
The scheme has been linked with the Pradhanmantri Awas Yojna which means people fulfilling the criteria will get subsidy in the interest when they take a bank loan.

Logical constraints, from printing of brochures to linking with partnering banks, had been ironed out.
The cost of the flats varies from Rs 7.5 lakh to Rs 1.44 crore, depending on the type and location. A majority of these flats fall under the LIG one-bedroom category. Out of the total number of flats, most of them in Rohini, Dwarka, Narela, Vasant Kunj and Jasola, 10,000 unoccupied flats were from a 2014 housing scheme, while 2,000 flats had been lying vacant.
DDA, which is the nodal agency for PMAY in Delhi, has sought to help people avail the benefit of the Credit Linked Subsidy Scheme (CLSS), a key component of PMAY. 
Under the scheme, eligible allottees can avail of subsidy on interest. The benefit will range between Rs 2.4 lakh and Rs 2.7 lakh. But only those allottees can benefit from CLSS who meet the income status and other criteria of the scheme.
“I was eagerly waiting for the sale to start of the DDA flats for quite long. And I am also eligible to avail the benefits of the Pradhanmantri Awas Yojna. I just hope now I get the flat,” said Tejas Das, a resident of Palam Village, New Delhi.
The urban body has tied up with 10 banks for the sale of application forms and scheme-related transactions.
The banks are Axis Bank, Yes Bank, IDBI, Bank of Baroda, Central Bank, SBI, Kotak Mahindra, HDFC, ICICI and Canara Bank.