PUDA New Housing Scheme in Sector 40 Ludhiana

News and Updates | By Rajkumar

Punjab Urban Development Authority (PUDA) has launched a new multi-storey housing scheme in Ludhiana Sector 40 and the applications are invited from 10 July 2014 to 25 August 2014. The scheme offers 2BHK / 3BHK (14 Storey) Freehold Premium Apartments in Sector 40, Samrala Road, Ludhiana under Self Financing Scheme.

PUDA Ludhiana Scheme Dates
PUDA Ludhiana Scheme Dates

Start date of registration: Thursday, 10th July, 2014
Last date of registration: Monday, 25th August, 2014

Salient features of the flats

  • Construction of “State of the Art”, 14 storey 2BHK + Servant quarter & 3BHK + Servant quarter
  • RCC Frame Structure Apartments
  • Provision of lifts
  • Fire Fighting System
  • Solar Water Heating System etc.

Details of Freehold Premium Apartments

Proposed Accommodation Tentative Covered Area Tentative Cost upto 7 Storey Tentative Cost above 7 Storey Earnest Money
2 BHK + Servant quarter 1300 Sq. Ft. Rs. 50 Lac Rs. 40 Lac Rs. 50,000/-
3 BHK + Servant quarter 1850 Sq. Ft. Rs. 60 Lac Rs. 50 Lac Rs. 75,000/-

How To Apply

Interested may apply for allotment of these apartments (on the prescribed form obtainable on payment of Rs. 250/- each from GLADA office or Rs. 300/- each if required by Courier / Speed post) along with earnest money in the shape of DD/ PO drawn on any scheduled bank in favour of Estate Officer GLADA payable at Ludhiana, so as to reach GLADA office not later than 25th August, 2014.

Mode of Payment

The allotment price shall have to be paid within a period of 3 years i.e. in six half yearly equal installments. First installment minus earnest money will be required to be paid within 60 days from the Date of issue of Letter of Intent (LOI).

Mode of Allotment

The storey-wise allotment of apartments shall be made through draw of lots, keeping in view the reservation policy of Punjab Government. Applying under this demand survey does not confer any right to allotment. 50% apartments would be reserved for the demand survey applicants and for the remaining 50%, applications would be invited afresh. Decision to execute the scheme would be subject to sufficient response. In case of insufficient response or any other reason holding the execution of scheme, earnest money shall be refunded within 90 days of the closure of scheme.

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