Can’t afford a house in Delhi? Relax

With realty prices skyrocketing by the day, here is some good news for those seeking affordable housing options near the Capital, reports Moushumi Das Gupta.

With realty prices skyrocketing by the day, here is some good news for those seeking affordable housing options near the Capital.

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The National Building Construction Corporation Limited (NBCC) is coming up with 8,000 one, two, three and four-bedroom flats, priced between Rs 7 lakh and Rs 45 lakh, in Khekra, Uttar Pradesh.

Khekra is just 22 kilometres away from the ISBT on the Delhi- Saharanpur Highway.

The prices of the flats are 30 per cent lower than market rates.

“We are coming up with an integrated housing project in Khekra. The project will be completed in two phases and would have all modern amenities. It will be completed in the next two to three years,” said Arup Roy Choudhury, Chairman cum Managing Director, NBCC.

While draw of lots for the first phase, where 1100 flats were up for grabs, was held in March, the lottery for the second phase for remaining 6900 flats would be held later this year.

The Khekra township is coming up on 100 acres.

This would be the PSU’s second housing project coming up in the National Capital Region.

“The shortage of housing in urban areas was the reason we ventured into the sector. Our objective is to fill the huge demand-supply gap in the housing sector by providing affordable housing,” said Choudhury.

Last year, NBCC had launched two housing schemes — in the mid and low end category — in Gurgaon, Haryana and Loni, Uttar Pradesh.

In Gurgaon, NBCC is coming up with 4,000 flats for employees of central government and public sector units. The flats are priced between Rs 22 and Rs 45 lakh.

Similarly, in Loni 2,000 flats are being developed in the mid segment category. Fifty per cent of the flats will be reserved for government employees while the remaining 50 per cent will be open to the general public.

These flats are priced between Rs 7 and Rs 15 lakh.

NBCC launched its first housing scheme in Delhi last year where 2,500 flats, priced between Rs 25 lakh and Rs 60 lakh, are coming up near the Ghitorni metro station on Mehrauli –Gurgaon road. The flats will be ready by 2012.