Tag Archives: ghaziabad

Realty cos now offer EMI incentives

New Delhi:- Smarting under a correcting realty market and sluggish buying sentiments, real-estate players are scrambling to raise end-user demand through offers that promise to ease Equated Monthly Instalments burden until possession.
So, while realty companies together with Parsvnath Developers are broadcasting ‘No Equated Monthly Instalments  until possession’, others such as BPTP and Gaursons are offering 2-yrs Equated Monthly Instalments  holiday on specific projects.
“For those who are presently living on rent, the scheme makes logic as the Equated Monthly Instalments  load kicks-off only after possession,” says Mr Amit Raj Jain. BPTP’s group housing project, ‘Resort’, in Faridabad offers a 2-yr ‘Pre-Equated Monthly Instalments  interest’ to the bank on behalf of buyers.
Dr B.P. Dhaka, COO told that Parsvnath’s Sonepat project, ‘Parsvnath Preston’, reimburses the  Monthly Instalments paid prior to possession. “Such value-addition is gaining popularity as the customer is motivated to make the down payment and can then relax till possession. From the point of view of the developer, it ensures timely completion of the project as the fund flow is assured.
KDP Infrastructure has announced that ‘No pre- Equated Monthly Instalments  for 18 months’ upon payment of fifteen per cent of the booking amount on its ‘Grand Savanna’ project in Ghaziabad; Gaursons India makes a ‘No Equated Monthly Instalments  till 24 months’ offer to buyers of ‘Gaur Grandeur’ at Noida; and JMD Gardens’ project in Gurgaon promises that Equated Monthly Instalments  payment would start ‘only after house entry.

208 Illegal Colonies To Be Regularized In Ghaziabad

The state government has decided to regularize illegal colonies in Ghaziabad on the pattern of Jaipur Development Authority in Rajasthan. The policy would benefit 208 illegal colonies.
The UP administration has invited suggestions on the policy from development authorities across the state through a letter. A copy of Jaipur Development Authority’s policy is also attached.

The development authorities have to post their suggestions within 15 days. The state administration would regularize illegal colonies on priority basis.

Under the new policy, development authorities have been given more power so that regularization work could proceed speedily, said Ghaziabad Development Authority secretary Raj Kumar Sachan. The state’s approval has to be sought in trivial matters too. However, it is not mandatory in the Jaipur authority policy. The regularization tax is also comparatively less.

Development works can be completed after regularization of the colonies. Presently, development works under MLA and MP grant can only be undertaken here.

The Ghaziabad Development Authority will be able to execute its works after regularization is completed.

Ansal Housing’s project at NH 24

Ansal Housing & Construction has launched its group housing project, Ansals Tanushree. The project is on the NH 24, Ghaziabad. The project offers 2- and 3-BHK apartments with a built-up area ranging from 1,238-1,700 square feet. These apartments will be housed in three towers. The apartments range between Rs 29 lakh and Rs 40 lakh. Some of Ansal Housing’s earlier projects in Ghaziabad are: Neelpadm Kunj, Garden Enclave, Aavantika, and Chiranjiv Vihar. It has also developed Fortune Arcade in Noida, Golf Links I & II in Greater Noida, and Aashiana in Lucknow.