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Greater Noida to offer 2,000 ‘affordable’ flats

Comments Off on Greater Noida to offer 2,000 ‘affordable’ flats   |   January 17, 2014    03:31pm   |Contributed by manoja

GREATER NOIDA: Your dream to have a house of your own may soon become a reality. The Greater Noida Authority will launch an ‘affordable’ housing scheme this year on its foundation day on January 28. According to authority officials, 2,000 flats will be developed under the scheme in builders’ area and Sector Pi in Greater Noida. The authority will soon launch a commercial scheme too.

Elaborating on the Rs 150-crore scheme, a senior Greater Noida Authority official said, “Each 350 square-feet (super area) flat would cost Rs 7-8 lakh.”

“Land has been earmarked in builders’ area and Sector Pi, and we are working on further approvals needed for it. The launch date has not been finalized yet but we hope to launch it very soon,” said Harish Verma, additional chief executive officer, Greater Noida Authority.

The Greater Noida and Yamuna Expressway authorities are set to construct 12,000 flats in the next three years. The authority last year had launched a housing scheme of 7,000 flats of 300 square feet each. The flats would be developed in sectors Mu-2 and 10 in Greater Noida,” Verma said.

The low-rise blocks will be spread over the project area having state-of-the-art infrastructure facilities including community centre, shopping complex, parking, kiosks, school, nursing home, playground and parks, said the authority officials.

“The entire structure will have permanent finishing and there will be no need of painting the building. The project also has provision for garages considering the ever rising number of vehicles in the city,” the official said.

“We have already had a word with some banks which have given in-principal approval to sanction loan up to 90% of the total flat cost. Talks to avail 100% finance are also on,” the official added. The authority also plans to launch a commercial scheme soon. “Apart from shops in newly developed Delta 1 sector, kiosks and shops in other markets will be launched under the scheme,” the official said.


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