The GNIDA has launched a new scheme to help people in the economically weaker section to own a home in Delhi-NCR. The Authority has launched the builder plot scheme, under which four plots will be allotted to builders for construction. The plots are a total of 1.21 lakh sqm in size and will earn revenue worth around Rs 400 crore for GNIDA.
To promote affordable housing in the city, all plots will also have reserved flats for EWS (economically weaker sections) and LIG (low-income groups). The scheme includes a plot of 23,500 sqm in Sector Zeta 1, a plot of 28,265 sqm in Sector Eta 2 and two plots of 39,321 sqm and 30,000 sqm in Sector Sigma 3.
“Learning from our mistakes regarding builder schemes, we will try to allot the plots only to bonafide builders who will deliver the flats on time to the buyers. With increasing investment in Greater Noida in the past three-four years, the employment generation has also increased. Along with this, there has been a rise in people looking for flats and wanting to settle here. This is why the scheme seems timely and necessary,” said Narendra Bhooshan, CEO, GNIDA.