Lucknow: Uttar Pradesh Housing and Development Board (UPHDB) has mooted a proposal to give discount upto 30% on its 1,400 units constructed at Awadh Vihar and Vrindavan Yojna. The proposal will be tabled at the board members meeting scheduled next month.
According to development board officials, UPHDB has 1,443 ready to move vacant flats in Awadh Vihar Yojna, Shaheed Path and Vrindavan Yojna near Telibagh are lying unsold even after being completed between the time period of 2016-17. As per development board records, both projects were completed at an estimated cost of Rs 850 crore.
A committee headed by UPHBD finance controller Dharmendra Verma is now preparing a detailed report for the proposal of lowering the flat prices which will be tabled at the board meeting to be conducted in the month of March.
UPHBD finance controller Dharmendra Verma said, “The flats are equipped with branded tiles, marble work and proper lighting and ventilation facility. We can surely say that these flats are much better than units provided by private developers. However due to less publicity, we are not finding much buyers. A proposal is being prepared to lower the flat rates.”
As per UPHBD officials, the flats are available under two categories- 1BHK and 2BHK. While, the cost for 1BHK is between Rs 16-22 lakhs. 2BHK flats are available at price of Rs 35-38 lakhs. In March 2019, housing development board gave a discount of 10% on its vacant flats under its several housing project. However, it could not gather much attention from the buyers.
