Decision to offer 5 per cent discount to allottees hit by pandemic- Lucknow Development Authority (LDA)

Lucknow Development Authority (LDA) has decided to offer a discount of 5 per cent to allottees of various housing schemes who were unable to deposit their instalment during the second wave of Covid.

Pawan Kumar Gangwar, secretary, LDA, said, “We have a scheme under which we offer 5% discount to those allottees who have cleared 75% of their payment against the plot, apartment or house within 60 days of the purchase.” He mentioned while talking to TOI.

Lucknow Development Authority (LDA) has decided to extend a discount of 5 per cent to allottees of various housing schemes who were unable to deposit their instalment during the second wave of Covid.

This decision was arrived at during the budget review meeting held on Tuesday.

“The offer is not for all but only for Covid-affected genuine cases. Every case which would show up to avail the offer would be scrutinized,” Pawan Kumar added.

LDA has a yearly budget of Rs 1,951 crore for FY2022-23, out of which Rs 125 crore would be used-up for repairs in apartments and finish other minor works.

Further, Rs 150 crore would be refunded back to allottees who registered for housing schemes but the project could not be finished on time. Another Rs 283 crore would be spent on developing new areas and approximately Rs 233 crore would be used on construction of housing societies.

LDA has also offered 3000 square meter of land for the construction of police station in Basantkunj area.

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