Those who are unsussesful in DDA lucky draw & still searching home, GDA housing scheme is another option for them.

Q: Still looking for properties in NCR, Ghaziabad development Authority Housing scheme is a best option .

Khushbu , Ghaziabad

5th December 2014

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Replies (1)

Hi ,
GDA's Housing Scheme is good, it fails to impress on some points. The scheme is for flats that are still not ready and will take another 3-4 years before they are ready for possession. Secondly, as far as pricing is concerned, a 2BHK unit is offered at an estimated cost of Rs 52.79 lakh which is almost at par with what private developers are asking for a ready-for-possession flat or one that would be ready in the next three to six months .

Sheila, Ghaziabad

5th December 2014

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Hi ,
As per my knowledge, these flats are situated in Indirapuram Nayakhand-1 area, along NH-24. Indirapuram has retained its top slot as the most preferred locality in terms of capital and rental market in Ghaziabad. Indiarapuram is one of the prime residential location in Ghaziabad, with decent residential environment & having all amenities nearby.

Kanika Kumari, Ghaziabad

5th December 2014

Hi ,
In my point of view, most buyers prefer Indirapuram for its proximity to Noida and East Delhi due to the Vaishali Metro Station. People working in Gurgaon are also investing here due to the cost advantage. Thus, there are end-users as well as investors in this market.

Alka, Ghaziabad

5th December 2014

Hi Khushbu,
There are a number of options including semi-luxury to luxury in a broad price range of Rs 4,750-6,500 per sq ft. An additional benefit is that most of these re-sale and new properties are ready for possession unlike the GDA flats. If you look at the GDA flats along the Kaala Patthar Road, you would be able to estimate the quality of GDA's work.

Deeya, Ghaziabad

5th December 2014

@ khushbu,
According to me, if a buyer is willing to spend Rs 50 lakh for a GDA flat, he might as well check the private flats. Developers may be making money by compromising on the covered area but GDA too hasn't provided large spaces. It is just around 900 sq ft of covered area for a 2BHK unit.

Imran Khan, Ghaziabad

5th December 2014

Hi All,

As per my knowledge, buyers are confused about the estimated part of the pricing. Would they have to pay more if the overall pricing goes up in future? Policies were not clear and hence, some buyers are hesitant. One more thing is if buyer will go for GDA approved home, then their will be no litigation in project approval but private builders , may have some glitches in project approval.

Doel Singha, Ghaziabad

6th December 2014

Yes, that's right. Investing in GDA property has its share of benefits too. Buyers need not be too cautious about the legality of the project if they are opting for GDA flats. Location is good, fast developing & many infrastructures are proposed. So for investors it's a nice location . Expected return will be handsome from this are.

Payal sharma, Ghaziabad

6th December 2014

Hi Guys,
As per my knowledge, in the case of private developers, there have been issues relating to unauthorized constructions and debates over Floor Area Ratio (FAR). But as far as the quality is concerned, private developers are more competitive.

Chabhi, Ghaziabad

7th December 2014

Hi Guys,

In my point of view, going in for an authority approved construction means that your hassles as a home buyer are reduced. So before planning of buying an apartment on this scheme, better buyer should check all the advantages & disadvantages very carefully.

Sandhya, Ghaziabad

7th December 2014