PHOTO BY NEERAJ PAUL
New Delhi: Delhi Development Authority has extended the deadline till June 30 for the payment of flats allotted at Towering Heights under both 2025 e-auction and 2026 first-come-first-served (FCFS) housing schemes.The decision has been issued with the approval of the DDA vice-chairman. “The competent authority has approved an extension in the payment schedule mentioned in the demand-cum-allotment letters… in view of the time likely to be taken for securing statutory approvals by DDA,” an official said, adding that it could require 30 to 45 days from the date of physical completion of the project.The authority said representations from allottees seeking additional time were also received. The project completion is also expected to miss its scheduled deadline of July 2026, and these factors were taken into consideration while granting the extension.According to DDA, all cases in which payments were due on or before March 31, and were subsequently extended till April 30 will now get the further extension without any levy of interest. “Thereafter, allottees will be allowed an additional grace period of 30 days, up to July 30, 2026, for making the payment. However, during this period, an interest at the rate of 10% will be charged on the demand amount,” officials said. The authority has made it clear that no extension will be granted beyond July 30.“All other terms and conditions of the housing schemes and the demand-cum-allotment letters will remain unchanged,” officials added.DDA had launched the Towering Heights project on Oct 31, 2025, as the city’s first residential development under the transit-oriented development policy. Under the project, 1,026 premium 2BHK apartments were offered through e-auction, with base reserve prices ranging from Rs 1.8 crore to Rs 3.1 crore. However, the response remained lukewarm, with only around 178 units auctioned.The authority later launched the second phase, offering 741 flats on an FCFS basis. In addition, 393 flats were earmarked for bulk allotment to govt institutions in March. To improve sales, DDA excluded the cost of parking from the disposal price of the flats, reducing their overall cost.Spread across 30 hectares, East Delhi Hub is being developed as a mixed-use urban centre integrating residential, commercial and civic spaces within a walkable urban environment. The 48-storey residential tower will be the tallest building in the city at 155 metres. Construction is also underway for 500 additional flats and commercial complexes at the site.
