HOUSING BONANZA - Can't afford a house in Delhi? Relax

AFFORDABLE NBCC building township in Khekra, 22 kms from Kashmere Gate

With realty prices skyrocketing by the day, here is some good news for those
seeking affordable housing options near the Capital.
The National Building Construction Corporation (NBCC) Limited 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.

It is just 22 kilometres away from the Kashmere Gate ISBT on the Delhi- Saharanpur high- way. The prices of the flats are 30% 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 Ltd.

While draw of lots for the first phase, where 1,100 flats were up for grabs, was held in March, the lottery for the second phase for remaining 6,900 flats would be held later this year.

The Khekra township is com- ing up on 100 acres.
This would be the PSU's
second housing project 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 afford- able 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 hous- ing 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.
Courtesy:- Hindustan Times dt:- 14-April-2010
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