Families thinking of shifting to the greener parts of Gautam Budh Nagar will soon have more options to choose from. The Greater Noida Industrial Development Authority (GNIDA) on Monday said it would launch more than 800 flats to cater to 1BHK, 2BHK and 3BHK homebuyers in sectors 12, Eta II and Omicron I.
In the total inventory, a handful of ready-to-move-in flats will be available in G+3 storey building as well as in highrise towers having 20 floors. The residential allotment scheme is expected to be launched next week once the relevant file is approved by the CEO of the Authority.
The officer handling the scheme said the units would be up for grabs across three sectors —Eta II, Omicron I and Sector 12. The price of the flats ranges between Rs 28.50 lakh and Rs 74.50 lakh while their sizes vary between 54.29 sqm and 132.95 sqm.
The GNIDA had last in 2013 launched a housing scheme (multi-storey apartment complexes). However, the Authority could not find buyers as the locality where the project was situated was still developing. Some flats in completed buildings had to be carried forward in the upcoming schemes since buyers were unable to pay the required amount or did not possess the necessary documents.
The Authority had then planned to auction 1,200 such flats before Diwali in 2018. However, it did not launch the scheme as it thought of focusing on completing projects that had already been sold out in the past.
As some apartment projects floated in the past schemes could not take-off due to land acquisition issues with farmers, the Authority offered the completed flats to buyers who could not be given possession. Assistant general-manager (property) KK Yadav said: “About 350 to 380 flats have been reallocated to original buyers. The remaining 880 flats would be put up for sale next week. We are hopeful of encouraging response since a lot of development has taken place in these sectors and several families have been staying in nearby areas.”
The GNIDA has revised the rates of ready-to-move-in flats to meet the prevailing market prices. Originally offered for Rs 39 lakh in 2013, the price of 2BHK deluxe has been increased to Rs 48.35 lakh. Similarly, that of 3BHK and 1BHK has been jacked up from Rs 69.50 lakh and Rs 23.50 lakh to Rs 74.50 lakh and Rs 28.50 lakh, respectively. The 1BHK flats on offer would be furnished units, added the officer.
The flats would be given for a 90-year lease post the draw. The Authority would share details of the 816 units over its portal and interested buyers would be given the option to apply online.
Interested buyers will be asked to provide up to eight options. However a person will be able to choose only flat on a floor. “The final allotment will be done through a draw of lots. In case only one person shows interest in a particular flat, he/she shall be in a position to secure allotment without any difficulty. Flats that have more demand, will be handed out through the draw,” added Yadav.
Prateek Srivastava, a Mathura resident working as an IT professional in Bengaluru, said: “Greater Noida is close to Jewar airport and is developing rapidly. A government body is backing the scheme and hence the price seems okay for a ready flat.”