Uttar Pradesh housing board offers 35% rebate on 5,000 flats, most units in Ghaziabad

November 15, 2023

GHAZIABAD: The UP housing board is offering a 35% discount on around 5,000 unsold flats in its housing schemes in Siddharth Vihar, Mandola and Vasundhara.

The decision, officials said, was taken at a meeting in Lucknow on November 9. Online registrations opened on Diwali (November 12) for 20 flats in Vasundhara, 700 in Siddharth Vihar and 4,000 in Mandola.

“There are around 4,700 unsold units in these societies. In Siddharth Vihar, for instance, there are 1,292 units in Ganga, Yamuna and Hindon schemes, of which 700 are yet to be sold. In Mandola, 4,000 of 7,500 units are yet to be sold. In Vasundhara, 20 flats are up for grabs,” said Sunil Kumar Sharma, estate management officer at the housing board.

Earlier too – in December last year – the board had tried to attract homebuyers by offering a 20% rebate on its flats. The response, however, was lukewarm.

Officials said a 1 BHK in these housing schemes would cost around Rs 69.5 lakh, while a 2 BHK would come for Rs 87 lakh. A 3 BHK has been priced at Rs 1.1 crore.

“We will organise awareness campaigns to make the housing schemes more popular among people,” Sharma said.

Spread across 635 acres, the Siddharth Vihar housing scheme has around 10 builder projects. Nearly 40,000 people have started living in the Brahmaputra, Kanshiram Yojna, Ganga, Yamuna and Hindon towers.

The township has been developed near the Hindon. While one side is off the Delhi-Meerut Expressway, the other is near the RapidX corridor. Delhi Metro’s Red Line is also a few kilometres away.

“We hope the Siddharath Vihar housing scheme will fetch us good revenue. The location is strategic and it is also getting Ganga water from the Pratap Vihar plant,” Sharma said.

  • Published On Nov 15, 2023 at 09:39 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