Unable to sell nearly 1,700 flats and 450 commercial properties, Lucknow Development Authority(LDA) will now offer them to buyers at down payment and 10-year monthly instalments.
This was decided in the LDA board meeting on Saturday.
The meeting was chaired by divisional commissioner Roshan Jacob. While government staff can buy the properties by paying 25% down payment, private individuals will have to pay 35% down payment of the total cost of residential properties. The remaining amount would be paid in EMIs.
For commercial properties, buyers will pay 25% down payment and remaining amount as EMIs upto 10 years. The LDA board also decided to allow construction of a building in residential and commercial areas by joining more than one plot. Two plots can be joined for construction of buildings for residential use, while four plots can be joined for commercial use against the prior approved map of a property. However, amalgamation fee has to be paid to get map approval for the extension of property.
The amalgamation fee will be 1% of the prevalent circle rate for residential, 2% for office and other uses and 3% for commercial use plots.
LDA will also allow subdivision of plots. The board also passed the proposal for subdivision of residential and non-residential plots in the housing schemes approved by LDA.
Under this, subdivision of plots only of 100 sqmt and above area can be done. This arrangement will be applicable only in those cases in which the residential plot is situated on a minimum of 9-meter-wide road and non-residential plot is situated on a minimum 12-meter-wide road. For this, the applicant will have to pay subdivision charge as per mitigation bylaws and fee as per development fee rules to the authority.
Nod to maps of building in unregularized areas
LDA has decided to approve the maps of buildings constructed in areas not regularized, which are next to main roads or streets laid and maintained by the government.
EWS homes on land freed from Mukhtar
LDA has written to the state government to provide it early 24,000 sqft area in Dalibagh free of cost, so that it can build 72 economically weaker section houses. The land was freed from gangster Mukhtar Ansari.
Marriage functions next to RMLNLU
LDA has allowed marriage functions in the parking area of the green belt that is divided into three parts next to Ram Manohar Lohiya National Law University.
AdvtCremation ground to be shifted
Paying heed to grievances of local residents of Jankipuram sector-J, LDA has decided to shift the cremation ground to an open area next to sector-J extension substation.