Tag: Kanpur Development Authority

Latest StoriesResidential

Kanpur Board Cuts Prices on 5,600 Unsold Flats

KANPUR: The Kanpur Development Authority (KDA) met on Friday to discuss the reduction in cost for 5,600 unsold flats from various schemes. The board approved a budget of ₹25.15 billion and committed to development works costing ₹1,291 crore for the ongoing fiscal year, reflecting a 70% increase from last year’s expenditure of ₹640 crore. Vijayendra Pandian, the divisional commissioner and chairman of the board meeting, stated that the significant number of unsold flats will now be sold at reduced rates based on 2018 prices. This reduction ranges from 4.60% to 23.19%, with flats priced between ₹8.86 lakh and ₹28.50 lakh.…

Latest StoriesResidential

Uttar Pradesh Introduces OTS Scheme for Property Defaulters

LUCKNOW: The housing development authorities in Uttar Pradesh are set to introduce a one-time settlement scheme aimed at allowing defaulters the opportunity to settle their debts. The cabinet has given the green light for this scheme, which is designed to stimulate the real estate market and recover overdue payments from buyers who owe money to organizations such as the Lucknow Development Authority and Kanpur Development Authority. This scheme will be applicable for settling debts that have accrued from the purchase of various types of properties, including residential, commercial, mixed-use, and institutional sectors. Currently, there are 18,982 pending default cases with…