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LDA offers 5% discount to allottees hit by pandemic

Pawan Kumar Gangwar, secretary, LDA, said, “We have a scheme under which we offer 5% discount to those allottees who have cleared 75% of their payment against the plot, apartment or house within 60 days of the purchase.

Lucknow Development Authority (LDA) has extended 5% discount to allottees of various housing schemes who could not deposit their installment during the second wave of Covid.

The decision was taken during the budget review meeting held on Tuesday.

Talking to TOI, Pawan Kumar Gangwar, secretary, LDA, said, “We have a scheme under which we offer 5% discount to those allottees who have cleared 75% of their payment against the plot, apartment or house within 60 days of the purchase.

Since scores of people couldn’t pay installments during the second wave of Covid, it was decided to extend them the offer.”

“The offer is not for all but only for Covid-affected genuine cases. Every case which would show up to avail the offer would be scrutinized,” he added.

Meanwhile, of the LDA budget of Rs 1,951 crore for 2022-23, nearly Rs 125 crore would be spent on carrying out repairs in apartments and finish other minor works.

Besides, Rs 150 crore would be returned to allottees who registered for housing schemes but didn’t receive the project on time. Moreover, Rs 283 crore would be spent on developing new areas and Rs 233 crore on construction of housing societies.

LDA has also proposed to give 3000 sqm of land for the construction of police station in Basantkunj area.

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