Greater Noida Industrial Development Authority has decided to launch a new expandable housing scheme. In this proposed scheme, 5000 single-storeyed houses will be allotted. They are going to announce the scheme soon. Mr. Lalit Srivastava said,” The total plot area of each house would be 120 square meter. It will have a covered area of around 100 square meters. These would be single-floor built-up houses. Allottees will hava the right to construct one- and-a-half storeys over it as per building byelaws. Further he said, “Total cost of each housing unit is expected to be around Rs 30 lakh. Payment terms have been relaxed. Earlier cash down applications were given preference, but then the needy persons were not able avail the scheme”.
Mr. Srivastava also said about the deferred payment schedule.
The main aim of this is to bring the end user and populate the city.
Early rate were planned lower but view the hike, land compensation, rates have also been revised accordingly.