GNIDA Multistoried Flats Scheme BHS-17 – Payment Schedule

Applicants applying for a residential flat in the GNIDA multistoried flats scheme BHS-17/2013 have option of making the payments in easy installments on allotment of a multistory flat. Last date to apply for GNIDA flats scheme BHS-17 was on December 31, 2013.

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GNIDA Multistoried Flats Scheme BHS-17/2013 – Payment Plans for the Successful Applicants

Greater Noida (Uttar Pradesh, India), October 30, 2015

The Greater Noida Industrial Development Authority (GNIDA) had launched a residential scheme of 2989 multistoried flats (GNIDA Scheme Code BHS-17/2013) in Greater Noida on October 02, 2013.

The applicants applying for a residential flat in GNIDA multistoried flats scheme BHS-17/2013 have option of making the payments in easy installments on allotment of a multistory flat.

The GNIDA multistoried flats scheme BHS-17/2013 applicants can choose ‘Seven-Year Payment Plan with Interest’ (Payment Code E-1) by mentioning the same in their application forms.

Seven-Year Payment Plan with Interest (Payment Code E-1)

In the Five-Year Payment Plan, 30% of the total premium of the multistory flat, after adjusting the registration money already paid, shall be payable within 45 days from the date of allotment as the allotment money.

Balance 70% of the total premium of the multistoried flat shall be payable in ten equal half-yearly installments calculated from the 46th day from the date of allotment with interest at the rate of 12% per annum on reducing principal amount at the end of each half yearly.

The Greater Noida Industrial Development Authority will inform you about the dues payable for the allotted multistory flat through an allotment letter.

For the purpose of record and documentation, the Greater Noida Industrial Development Authority will reckon the date of issue of allotment letter as the date of allotment.

Place of Payment

The designated bank branches authorized in your allotment letter will accept the payments directly.

Mode of Payment

You can make all payments to the Greater Noida Industrial Development Authority in the form of Demand Draft or Pay Order drawn in favour of ‘Greater Noida Industrial Development Authority’ payable at Greater Noida, Noida, Delhi, or New Delhi.

Extension of Date for Payments

Normally, the Greater Noida Industrial Development Authority shall not allow any extension of the date for the payments.

However, if due to any reason, you fail to pay the amount payable to the Greater Noida Industrial Development within the prescribed time limit, CEO of the Authority may allow extension of time for such default period under exceptional circumstances up to a maximum of 3 months. This will be subject to the condition that during the entire payment plan such extensions shall not be more than three times.

In the event of such extensions of payment date, interest at the rate of 15% per annum, compoundable quarterly, shall be payable on the defaulted amount for the defaulted period.

The Greater Noida Industrial Development Authority will adjust the payment made by allottee first towards the interest due, if any, and thereafter the balance payment shall go towards the installment due and the lease rent payable.

The Last Date for Submission of Application Forms

The last date of booking or registration for the GNIDA multistoried residential flats scheme BHS-17/2013 was on December 31, 2013.

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