Ghaziabad Development Authority (GDA) will allow surrender of your multistory flat of GDA Scheme 827 to the Authority, subject to the certain terms and conditions. The Authority shall also be free to exercise its rights of cancellation of allotment of a flat.
GDA Madhuban Bapudham Multistory Flats Scheme 827 – Surrender or Cancellation of Allotted Flat
Ghaziabad (Uttar Pradesh, India), October 27, 2015
The Ghaziabad Development Authority (GDA) had launched a multistoried flats scheme (GDA Scheme Code 827) in Ghaziabad’s Madhuban Bapudham area on Monday, January 07, 2013.
GDA Madhuban Bapudham Multistoried Flats Scheme 827 – Surrender of the Allotted Flat
The Ghaziabad Development Authority will allow surrender of your multistory flat to the Authority, subject to the certain terms and conditions.
1. If applicant surrenders before lottery draw of lots is held, the Ghaziabad Development Authority will NOT refund the Registration Money Deposit in any condition.
2. In case the applicant surrenders after the lottery draw of lots is held, but within 6 months from the date of allotment, the Ghaziabad Development Authority will refund 90% of Registration Money Deposit without interest after forfeiting 10% of the initial Earnest Money Deposit.
3. In case the applicant surrenders after 6 months from the date of allotment, the Ghaziabad will refund 75% of Registration Money Deposit without interest after forfeiting 25% of the initial Earnest Money Deposit.
4. In case, the applicant fails to deposit the due amount for his or her multistory flat within the stipulated time, allotment will be liable for cancellation. In case of such cancellation, the Ghaziabad Development Authority will forfeit the money so deposited until the date of cancellation.
5. The Ghaziabad Development Authority will count the day of surrender of your allotment on the date on which application is received in the Authority office. The Authority will not entertain any subsequent claim based on a postal certificate.
The Last Date for Submission of GDA Madhuban Bapudham Scheme 827 Application Forms
The last date for submission of application forms for the GDA Madhuban Bapudham multistoried residential flats scheme 827 was on Thursday, February 28, 2013.
GDA Madhuban Bapudham Multistoried Residential Flats Scheme 827
Ghaziabad Development Authority – Madhuban Bapudham Multistory Residential Flats Scheme 827
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