UP Housing Board Unveils 35% Discount on 5,000 Unsold Flats

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    In a landmark decision, the Uttar Pradesh Housing Board has announced a significant 35% discount on approximately 5,000 unsold flats located in Siddharth Vihar, Mandola, and Vasundhara. The decision, made during a crucial meeting, sets the stage for a unique opportunity for potential homebuyers.

    Strategic Offerings in Three Distinct Localities

    Siddharth Vihar:

    Spanning 635 acres, the Siddharth Vihar housing scheme features several builder projects, accommodating around 40,000 residents in towers like Brahmaputra, Kanshiram Yojna, Ganga, Yamuna, and Hindon. Noteworthy are the unsold units in the Ganga, Yamuna, and Hindon schemes, with 700 units available for purchase. Positioned near the Hindon, the location provides proximity to the Delhi-Meerut Expressway, the RapidX corridor, and the Delhi Metro’s Red Line.

    Mandola:

    Offering a substantial opportunity, Mandola presents 7,500 units, with 4,000 units still available. Sunil Kumar Sharma, the estate management officer, highlights the diverse housing options available, emphasizing the board’s commitment to catering to various preferences.

    Vasundhara:

    Vasundhara presents an exclusive offering, with 20 flats available for discerning homebuyers. This limited but carefully curated enclave reflects the board’s dedication to quality residences over quantity.

    Pricing Insights and Previous Endeavors

    Pricing for 1 BHK, 2 BHK, and 3 BHK units stands at Rs 69.5 lakh, Rs 87 lakh, and Rs 1.1 crore, respectively. A previous attempt in December last year, offering a 20% rebate, received a lukewarm response. In response, the board plans targeted awareness campaigns to elevate the popularity of these housing schemes among potential buyers.

    Looking Ahead: Future Prospects and Unique Selling Points

    Sharma underscores the strategic location of Siddharth Vihar and the provision of Ganga water from the Pratap Vihar plant, positioning the housing scheme as a lucrative investment. The confluence of accessibility, amenities, and pricing establishes these properties not just as homes but as lucrative investments for the future.

    Conclusion

    The UP Housing Board’s decision to extend a 35% rebate on these unsold flats marks a significant moment for the real estate landscape in Siddharth Vihar, Mandola, and Vasundhara. Prospective homebuyers are urged to seize this unprecedented opportunity, ensuring a harmonious blend of strategic location, diverse housing options, and attractive pricing. The journey towards your dream home begins here.

    Also Read: Savills India Report: 17.8 Msf Fresh Supply Fuels Industrial Growth in Q3 2023, Tier I Cities Lead Transactions

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