The Times of India            13.11.2013 

KDA to sell flats to tenants

KANPUR: Kanpur Development Authority (KDA) would sell flats at colonies between Rs 3 and 5 lakhs. The flats would be sold only to those who are residing there.

KDA had planned to collect the payments in easy installments in five years.

As many as 7,500 flats are in KDA colonies situated in the various parts of the city. These colonies were constructed in 1958 and had been let out.

Tenants are residing in these colonies and paying a meagre amount as rent to KDA.

In its board meeting, KDA had decided to sell these flats. A survey was conducted in which area, value and construction cost were considered. The KDA had fixed the cost of each flat on the basis of that survey.

KDA chairman and divisional commissioner Mahesh Kumar Gupta and vice-chairman Jayshree Bhoj decided the tentative prices of flats. Gupta stated that flats would be sold to the tenants residing there. The purchaser had to pay the cost of flat in six installments in five years.Bhoj said that the file related to cost had been sent to accounts department.

Tenants residing there would get first opportunity to purchase the flat. If they would refuse, then proposals of others would be considered.

KDA had colonies at Vijaynagar, Govindnagar, Juhi Safed Colony, Ajeetganj first and second colony Juhi Pili Colony, Gwaltoli, Mannupurwa, Ashoknagar , Dhakanapurwa, Bhairav Ghat, Parampurwa, Dadanagar, Faheemabad, Natraj, Govindnagar and Juhi Bamburahiya.