3 years for Payment BDA Plot

[raghunathgl]

Sir anyone availed additional time of 3 years to make payment being provided to categories of persons such as SC, ST, Ex-Army and persons from economically backward sections under the BDA Act and Rules.
If so please provide the details.....

[viksat82]

Last time allottees asked more time for payment as the rate is high and they don't have money to pay. Many allottees rejected the allotment also for many reasons

[raghunathgl]

Thank you for your reply sir...

Please let me know if someone know the procedure about this clause....

[SurK]

We (phase 1) got extension due to demonetization and requests were made to authority due to huge amount cant be arranged within short time.

SC/ST/Cat-1/ successful applicant will get 3 years time to make full sital value....For others GEN/OBC/State government employee/Central government employee/ex-serviceman and others need to pay full sital value within 60 days from date of allotment reception without penalty.After 61 days 18% and after 120 days 23%,after 150 days cancellation of allotment by giving notice.

[msn1270]

Yes. Payment period is 3 years in case or persons belonging to Scheduled castes, schedules tribes, backward tribe, family of defense personal killed or disabled during hostilities and whose annual income from all sources does not excess the limit prescribed or belonging to weaker section as notified by the government from time to time.The balance amount may be paid in three annual installments without interest.

You must also remember, Only upon the payments of the balance amount of the site value the allottee will get the sale deed duly executed.The stamp duty, registration charges, incidental expand should be met by the allottee.

Also, If the particulars furnished in the application form for allotment is found to be false or incorrect, the BDA forfeit the site value deposited and the allotment cancelled.