Gorakhpur GDA Offers Up to 25% Discount on Unsold Properties Worth ₹212 Crore

Gorakhpur, April 9: Under the new system, clear provisions have been made for the sale, discount, and online disposal of residential and commercial properties.

Property Details

• Total unsold properties value: ~₹212 crore

• Residential properties value: ~₹37.02 crore (4,101.58 sq m)

• Commercial properties value: ~₹175.17 crore (6,796.04 sq m)

• Total unsold units: Over 100

Key Properties

Residential (Unsold):

• Vasundhara Residential Scheme (Ramgarhtal area)

• Lohia Enclave flats

• Some residential flats have been allocated to employees due to office construction (now less than 5 remain)

Commercial (Unsold):

• GDA Tower (Golghar)

• Buddha Mini Mart (Deoria Bypass)

• Buddha Vihar Part A & B Shopping Centers

• Vaishali Residential Scheme

• Raptinagar (various phases)

• Siddharthpuram Shopping Center

• Vikas Nagar

• Navin Transport Nagar (90+ shops and plots)

What are 'Unpopular Properties'?

Under the new guidelines, properties are classified as 'unpopular' if:

• Advertised at least 5 times but only 50% sold under 'first come, first served' scheme for 3 years

• All units not sold within 3 years of first advertisement

Discount Structure

• Maximum discount: Up to 25% (not below initially advertised rate)

• Additional discount for lump sum payment: 4-6% (within 45-90 days)

• Bulk purchase discount: 5-15% (for 10 to 50+ properties)

Additional Initiatives

• Development of basic facilities, club house, and community infrastructure in unpopular properties

• Three models for online sale through aggregators

• Dedicated marketing cell to be formed