GNIDA to build 10k flats under PMAY

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GNIDA

The Greater Noida Industrial Development Authority (GNIDA) has decided to build 10,000 affordable homes for the economically weaker sections (EWS) and low income groups under the Pradhan Mantri Awas Yojna (PMAY).

According to a published report, these houses would measure between 245 sqft and 323 sqft and would be built in Sectors 1, 2 and 3 of Greater Noida. Officials quoted in the report said a survey to select beneficiaries would be conducted from February 1.

The state Government has given a target to build 50,000 such houses to the three authorities. It has also decided to allow builders to allot 10 pc of the land use for commercial purposes against an earlier rule of 1 pc to attract more developers to build these affordable housing.

 Narendra Bhoosan“We have earmarked Sectors 1, 2 and 3 for the affordable houses. They will be built with public-private collaboration under the PMAY scheme. For this, a survey of the beneficiaries will begin on February 1,” said Narendra Bhooshan, CEO of GNIDA.

With an incentive to allow 10 per cent of the land use for commercial purposes, builders will also be chosen to develop the houses. “The 10 pc land use for commercial purposes is a great incentive for the developer. The land can be used for building shops and market complexes,” a source in the Authority was quoted as saying.