The Lucknow Development Authority (LDA) is celebrating its 50th anniversary by offering substantial discounts on flats, with direct reductions of INR 1 lakh to INR 2.5 lakh available from October 21 to December 31. Early payment incentives provide additional discounts of up to 6% for timely payments. The available flats range from 500 to 1,900 square feet and are priced between INR 23 lakh and INR 1.08 crore. Government employees can secure flats with a 25% down payment, while the general public needs to pay 35%. Properties are located in several prominent areas, including Gomtinagar and Jankipuram, aiding homebuyers in fulfilling their ownership dreams.
The Lucknow Development Authority (LDA) announced a discount on flats across various schemes on October 20 to commemorate its 50th anniversary. Homebuyers can enjoy direct discounts ranging from INR 1 lakh to INR 2.5 lakh. The proposal, developed under the guidance of LDA vice-chairman Prathamesh Kumar, received approval from the authority's board. This special offer will be available from October 21 to December 31 and will enhance existing discounts. The scheme operates on a 'First come, first served' basis, enabling individuals or families to purchase multiple flats.
In addition to the direct discounts, buyers will benefit from various incentives for making early payments. Those who pay 90% of the flat's price within 45 days can receive a 6% discount. A 5% discount is available for payments made within 60 days, a 4% discount for payments made within 75 days, and a 3% discount for those who settle within 90 days. This promotional offer is part of the LDA's celebration of its 50th anniversary in December 2024. Discounts are structured according to the flats' price ranges, with INR 1 lakh for properties priced between INR 22 lakh and INR 50 lakh, INR 1.5 lakh for those between INR 50 lakh and INR 75 lakh, and INR 2.5 lakh for flats exceeding INR 75 lakh.
Flats offered under various schemes range from 500 to 1,900 square feet and come in 1 BHK, 2 BHK, 3 BHK, and 4 BHK configurations, with prices varying from around INR 23 lakh to INR 1.08 crore. Government employees can secure possession of flats by paying 25% of the total price, while the general public is required to pay 35%. To assist buyers, the prices of these flats will remain unchanged for one year, as approved by the LDA board.
These flats are available in multiple locations, including Gomtinagar, Jankipuram, Priyadarshini (Sitapur Road), Aliganj, Aishbagh, Kanpur Road, Devpur Para, and Sharda Nagar. Through this initiative, the LDA aims to help potential homebuyers realize their dreams of homeownership in Lucknow during the festive season.
The LDA's initiative not only marks a significant milestone in its 50-year journey but also provides a valuable opportunity for homebuyers in Lucknow. With attractive discounts and incentives, the program encourages prospective homeowners to invest in their futures during a festive season filled with hope. By maintaining stable pricing for a year and offering a diverse range of flats in desirable locations, the LDA demonstrates its commitment to making homeownership accessible. This effort aims to empower individuals and families, supporting their dreams of owning a home and contributing to the community's growth and development in the long run.
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