Buying affordable housing around Delhi possible soon: 100 acre land to unlock
A land parcel as large as 100 acre about 10-11 km from the Connaught Place, New Delhi, is expected to be unlocked for affordable housing soon! The Ghaziabad Development Authority (GDA) is planning to come up with 14-15 group housing projects on this land near the Wazirabad Entry Gate in Delhi. The project planning is currently at a nascent stage.
So are there any affordable housing schemes the authority is offering at present? According to Santosh Kumar Yadav, vice chairman, GDA, “we have some plots left in Madhuban Bapudham Scheme.” This group housing project falls near Govindpuram. This is the only project which has plotted development on the offer at present, by the GDA.
What are the sizes and what are the prices of these plots? The plots are generally available in the 400 sq ft size. They are priced at Rs 13,600 per sq mtr. “The project is good to invest. In five years, the prices of the plots have just got doubled,” says Yadav. He was answering queries on Open House, an online platform where users can ask questions on a specified subject.
Are there any flats available for the Low Income Group (LIG) and Economically Weaker Section (EWS)? The authority is planning for affordable housing projects at various locations within Indirapuram and Kaushambi. The sizes of these flats start from 35 sq mtr with prices starting from Rs 5.10 lakh.
Almost all the projects will have units for people from the EWS category as well. The size of these units will be around 25 sq m and the prices of these units will be about Rs 2.40 lakh.
What are the eligibility criteria? For applying for a flat under the LIG category, your monthly income should not exceed Rs 12,000. For the EWS category, this limit is kept at Rs 6,000 per month.
But what about livability? In view of creating sufficient supporting infrastructure, the GDA is also planning several projects concerned with roads, water supply, electricity and drainage. Recently, the authority announced setting-up of a power sub-station at Madhuban Bapudham Scheme.
Posted on December 3, 2013, in Real Estate and tagged Builder in Delhi NCR, Sanjay Rastogi Builder, Saviour Builder, Saviour Builders - Property Developers in Greater Noida. Bookmark the permalink. Leave a comment.