• Noida: Flats will be available in Sectors 52, 61, 71, 73, 82, 93, 99, 118 and 135
• Last date to apply is January 31
Noida Authority has sought applications for 338 apartments this year. The flats include duplex flats for LIG (Low Income Group), MIG (Middle Income Group) and HIG (High Income Group) families.
As per a report in Live Hindustan, interested people can apply till January 31.
These flats will be available in Sectors 52, 61, 71, 73, 82, 93, 99, 118 and 135. As per the report, Sector-118 has the maximum number of LIG flats (231) and Sector-99 has the least number of flats. (61).
The size of LIG apartments ranges between 54.87 to 66.83 sq. mts. And, the rates range from ₹45 lakh to ₹76 lakh.
They are five middle income group flats in Sector 99 and 62 with respective square footage of 74 and 91. They cost between ₹66 lakh and ₹90 lakh.
In addition, there are 16 high income group apartments in Sector 99, covering an area of 153.57 sq. mts. The price ranges from ₹1.39 Crore to ₹1.74 Crore.
There are three duplexes available in Sector 135 each with an area of 180 sq.m. Price of the duplex apartment is ₹ 1.79 Crore (approx.). All types of flats except LIG will be delivered through electronic bidding.
According to PropTiger.com, the Delhi-NCR market had 98,290 unsold housing units at the end of the 2022 calendar year and it would take around five years for builders to sell these stocks at the current sales velocity.
Housing brokerage firm PropTiger in its latest report said that the Delhi-NCR market has been facing the issue of unsold inventory for several years as the sales velocity has been low.
The NCR market has been plagued by stalled projects in the form of several big developers including Unitech, Amrapali, Jaypee Infratech, The 3C Company and Ajnara Group.
Several companies have gone bankrupt and are facing insolvency proceedings, while many builders are under liquidity stress.
Potential homebuyers have turned cautious and are opting to buy properties only from trusted players.
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