Indore: 138 flats allotted to beneficiaries in Scheme 155

April 18, 2023

<p>Representative Image</p>
<p>“><figcaption class=Representative Image

INDORE: Indore Development Authority (IDA) on Monday allotted 138 flats in Scheme 155 through lottery system.

The authority chairman Jaypal Singh Chawda said that IDA had a total 808 ready-possession flats in its buildings in Scheme 155 near Sangam Nagar in low and middle-income group categories.

“The apartments are situated in the middle of the city with around 3 km distance from Super Corridor and about 4 km away from Rajwada Palace,” he said adding that the campus has a total of three gardens along with facility of lift, covered parking, boundary-wall and fire safety arrangements among others.

“The initial price of 2RK flat (total 35 units) starts from 9.74 lakh, while 1BHK (total 565 units) and 2BHK (total 208 units) starts at 15.35 lakh and Rs 20.09 lakh, respectively,” the authority CEO RP Ahirwar said adding that on March 20, IDA had organised a six-day fair for sale of its flats at the five-year-old rate.

In the fair, IDA had received a total 178 applications to allot 2RK, 1BHK and 2BHK flats. Of them, 138 applicants were allotted the flats on Monday.

“The reservation letter for the allotted flats will be distributed by April 20. It can be used by beneficiaries to avail loan to get the possession,” Ahirwar said.

The remaining flats will be allotted through the same process in the next six months, the CEO added.

  • Published On Apr 18, 2023 at 11:00 AM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETRealty App

  • Get Realtime updates
  • Save your favourite articles

Scan to download App

Leave a Comment