The possession of the flat is given to the buyers after they deposit 10 percent of its total price.
Ghaziabad Development Authority (GDA) is offering unsold flats for sale in Ghaziabad, adjacent to Delhi. The houses are available on a ‘first come first serve basis’. Earlier, GDA started the sale of these flats on August 8 under various housing schemes. GDA started these housing schemes after announcing the stabilisation of the circle rates of its properties. Despite the low price, there was trouble in selling a total of 1,748 inventory worth more than Rs 500 crore in these housing schemes. The price of flats in these schemes ranged from Rs 5.7 lakh to Rs 69.42 lakh, which remained unsold a few years ago. GDA Secretary Rajesh Singh said that this housing scheme was launched by GDA on August 8 this year based on “first come, first serve”. So far, GDA claims that they have got good responses from the buyers. Rajesh Singh said that since the launch of this scheme, a total of 127 flats worth Rs 29.5 crore have been sold so far. The positive response in the first month has inspired GDA to organise more such camps in future.
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After the buyers deposit 10 percent of the total price of the flat in the camp, possession has been given to the buyers there itself. At the same time, banking stalls have also been set up in the camp for loans.
A total of 42 flats worth Rs 10 crore were sold in Madhuban Bapu Dham Awasiya Yojana. 48 flats worth Rs 3 crore were sold in the Sanjaypuri Housing Scheme within the stipulated time. Whereas, 28 flats worth Rs 14 crore were sold in Chandrashila Yojana and 9 flats worth Rs 2.5 crore were sold in Indraprastha Yojana.
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GDA has also created a website to guide buyers, where they can choose a flat from 8 housing schemes. The increase in Ghaziabad’s circle rates is anticipated post-September 15, making now an opportune moment to purchase land, houses, shops, or flats. Delaying could mean an additional cost of up to Rs 1.5 lakh.
