Flat Sell: Good news has come for those planning to buy a flat in Noida. The Noida Authority is now going to build affordable flats, which will be auctioned through draws. The prices of these flats may be significantly lower compared to other private developers. Read the full news…
It should be noted that there has been a significant increase in real estate prices in Delhi-NCR, making it difficult for many people to buy their homes. Especially in Noida, it is hard to find property for less than 1 crore rupees. However, this time, a budget-friendly scheme has been introduced by the Noida Authority. Affordable flats are being prepared in Sector 27 of Noida, where more than 700 flats will be constructed. The most important thing is that the price of these flats could be less than half compared to private developers.
Flat allocation will be done through a draw. The flats being built by the Noida Authority will be allocated through a draw, ensuring no fraud and equal opportunities for all. According to information, the Noida Authority had previously built 200 flats for its employees in Sector-27, which are now 35 years old and dilapidated. These old flats will be demolished to make way for a multi-story building. This process will provide the authority with an area of 17 thousand square meters, where a 10-story tower is planned.
Flat PricesThe Noida Authority is planning to reduce the size of flats to keep their prices low. According to information, under this project, 2BHK flats of 800 square feet will be constructed, which may include two bedrooms, a drawing and dining room, kitchen, and two bathrooms. The estimated price of these flats could be around 4.5 million rupees, which is less than half compared to private developers. Currently, finding a flat in Noida for less than 10 million rupees is almost impossible, and it is also difficult to estimate the prices of flats in central Noida