The state government on Wednesday announced a 100% waiver of penalty for a period of 90 days beginning July 13 on outstanding amounts for old housing schemes of Gujarat Housing Board and Slum Clearance Cell.
If the outstanding amount is repaid by the beneficiary within 90 days of implementation of the scheme, there will be a 100 per cent penalty waiver, a release said.
As many as 64,992 beneficiaries will be eligible to get ownership of their houses through this relief plan, the release added.
In addition, the government has also decided that penalty will be charged at a rate of 8% per annum for beneficiaries who are unable to repay the instalment within the 90 days.
The release said those who wish to avail of the scheme, can get forms and related documents on the Gujarat Housing Board website.
The move is expected to help residential societies opt for redevelopment.