GDA to soon launch affordable housing scheme in Ghaziabad
Ghaziabad Development Authority (GDA) is likely to introduce a fresh affordable housing scheme soon in Ghaziabad district, Uttar Pradesh, which is adjacent to Delhi/NCR. A senior officer of GDA informed to media in this regard by adding that new land bank is being created to complete various residential and commercial projects.
"Our officials would get down to work out the feasibility and modalities of such an affordable housing scheme. The prices of such houses would be roughly structured between Rs.5-10 lakh," GDA vice chairman Santosh Yadav said.
The authority is facing shortage of land for new projects and any new acquisition will be done thorough the land bank. It passed seven projects and sent the remaining to the government for approval.
The board of authority also decided to raise the circle rates of residential properties in line with the hike in administration circle rates.
To boost the housing sector as also to facilitate the builders, the authority also proposed to hike the Floor Area Ration (FAR), and keep it in sync with that of its counterparts in Noida and Delhi. This is being done to utilise the space in the best way possible, officials said.
The authority has, however, scrapped the provision of allowing builders to deposit the development charges in instalment.
"The builders would not have to deposit the entire development cess at one time while seeking approval of the lay-out plans to their projects," Yadav said.
--With IANS Inputs--
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