Gr Noida To Lease Unsold Flats To Govt Employees, Real Estate News, ET RealEstate

December 31, 2023
1 min read
greater noida authority to lease unsold flats to government employees

<p>Representative Image</p>
Representative Image

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) plans to lease its unsold flats to government employees. Officials said despite multiple schemes, nobody has bought them yet.

The move will help the GNIDA generate revenue and address the housing crisis among government staffers, said officials. “The employees and officers in government departments in the district have been paying huge rents for houses in different sectors and societies,” an official said.

GNIDA has at least 1,500 such flats in sectors Omicron 1A, Omicron 1, Sector 12, MU 2, Xu 3 and Sector Eta 2. These flats are 1BHK, 2BHK and 3BHK. Of them, 1,000 are 2BHK, 450 1BHK and 50 3BHK. Built many years ago, they are not currently in use.

It tried to sell the flats under various schemes but could not. “Recently, it contacted government departments, including the police, to lease these flats. The departments are ready for this. From now on, when government employees come to the district, they will get accommodation immediately. These flats are in a prime location, so they will not face any problems commuting to their offices,” said the official.

The GNIDA plans to charge rent equal to the employee house rent allowance (HRA). It will collect the rent from the respective departments, which, in turn, will deduct the HRA from the employees directly, curtailing any rent collection issues. A policy in this regard is under framing.

Earlier, GNIDA sold 400 flats to the Noida Metro Rail Corporation near the depot station, where the NMRC employees and officers live now.

  • Published On Jan 1, 2024 at 09:00 AM IST

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