GDA presents new housing development with over 1700 units in Ghaziabad

Bricksnwall Trusted Experts

The Ghaziabad Development Authority (GDA) announced the auction of 1,715 homes in five distinct plans on August 16, 2024. This action is a crucial step towards boosting the Ghaziabad property market and offering much-needed housing options to consumers and investors. Read on to learn more about GDA's latest release.

Those looking to buy a property in Ghaziabad will be pleased to learn that the GDA is offering more than 1,700 flats under its new program. These flats will be available in five housing plans on a first-come, first-served basis. The authority made the announcement on August 16, 2024, and noted that this program is part of GDA's larger goal to handle the region's rising housing demand.

GDA Housing Scheme 2024: Important Dates

The Ghaziabad Authority has launched a housing program that includes vacant flats from earlier development schemes. The following are the significant dates for the Ghaziabad Housing Scheme:

Source: Official website

GDA Housing Scheme 2024: Flat Specifications

Interested users can check out GDA's housing plan specifics, including flat types, sizes and costs, below:

GDA Housing Scheme 2024 Eligibility Criteria

Applicants must meet the eligibility criteria listed below to apply for units in various GDA housing developments.

The applicant must be a citizen of India

The applicant must be at least 18 years old by the deadline for submitting the application form.

People who have already enrolled in GDA schemes or who own property in Ghaziabad may also apply by depositing the registration fee.

GDA Housing Scheme 2024: Required Documents

Applicants must have the following documentation to apply for the GDA's Housing Scheme:

Required documents: passport-sized photo and reservation certificate.

Affidavit for Rs 10 Digital signature

After reserving the property online, the applicant must upload the following documents once their registration is completed:

Application form (download from the portal).

Payment receipt (download after paying the registration fee online).

Bank statement reflecting the entry of payment

Affidavit for Rs 10

Please provide a copy of your PAN card and Aadhaar card.

Two passport-sized colour pictures

All documents should be self-signed and attached.

GDA Housing Scheme 2024: How to Apply?

The GDA will hold camps to facilitate the selling of these apartments, with the goal of disposing of unoccupied units in five schemes within a month. At the camps, interested parties can speak directly with GDA personnel, facilitating seamless transactions.

Here's how to apply for flats in several GDA housing schemes:

To apply under the first come, first serve policy, applicants must first register on the GDA's official website.

Following registration, the applicant must deposit 10% of the total value of the selected property.

The applicant must attach a passport-size photograph attested by a Gazetted Officer or Public Notary to the application form.

Once the applicant has paid the required registration cost for the desired property, it will be listed as'sold' on the portal, prohibiting future applicants from selecting it.

The selected property will be held for the applicant for 15 minutes following successful payment.

If the payment process is not completed within the specified time frame, the selected property will be offered for selection by other applicants from the list.

GDA Housing Scheme 2024: Allotment amount and installment details

The allottee must pay 20 percent of the projected flat cost (with the registration amount reduced) via bank draft within 60 days after receiving the allotment letter, with no interest.

Following the allotment, the remaining 80% of the money will be charged at a 10.5 percent interest rate, as shown below:

The amount for instalments can be deposited using the GDA's online portal or ICICI and HDFC banks. Furthermore, candidates can pay via a Pay Order/Bank Draft obtained at any of the banks listed on the GDA official brochure.

After the due date, there will be a 29-day grace period for payment of the allocated amount. If the prior instalment is not paid by the due date, there will be no grace period on the current instalment. Furthermore, a 13.5 percent (10.5 percent interest plus 3 percent penal interest) interest rate will be levied beginning on the original due date.

GDA Housing Scheme 2024: One-Time Payment Discount

If the balance payment is made within 60 days of receiving the allotment notice, you will be eligible for a 5% discount. If the buyer buys more than one house, they will get a 7% discount. However, this feature is not applicable in cases of late payment.

GDA Housing Scheme 2024 Helpline Numbers:

Applicants can contact Ghaziabad Development Authority staff at 0120-4418384 if they seek assistance with any of the GDA's ongoing housing initiatives.

The state government has suggested a circle rate revision after September 15, 2024. Buyers will be able to save Rs 1.5 lakh by taking advantage of this effort before the anticipated increase in the circle rate. Stay tuned for additional information about the GDA Housing Scheme 2024 here!