The National Building Construction Corporation (NBCC) Limited is coming up with 8,000 one to four-bedroom flats priced between Rs 7 lakh and Rs 45 lakh in Khekra, Uttar Pradesh. The location is just 22 kilometres away from the Kashmere Gate ISBT on the Delhi- Saharanpur highway. The prices of the flats are 30% lower than market rates.
The project will be completed in two phases and would have all modern amenities. It will be completed in the course of next two to three years, according to Arup Roy Choudhury, chairman-cum-managing director, NBCC Ltd.
It may be highlighted that apart from NCR, NBCC has also identified some particular zones in different states, where it would go all out to develop some residential townships at rates which could be lower than those offered by private developers, with comparable amenities.
The move comes on heels of the NBCC’s flagship scheme to launch such affordable flats for NCR last year in March.
While draw of lots for the first phase, where 1100 flats were up for grabs, was held a month back in March, the lottery for the second phase for remaining 6,900 flats would be held later this year.
The entire area of proposed residential Khekra township spreads across 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 NBCC ventured into the sector.
Last year, NBCC had launched two housing schemes in the mid and low end cat- egory 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 lakhs.
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.
Similarly, in Loni near Ghaziabad, 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.