Now Reading: LDA to hold lottery for 4,500 plots on 4 November
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LDA to hold lottery for 4,500 plots on 4 November
The Story in Brief
The Lucknow Development Authority (LDA) will hold a lottery from 4 to 6 November to allocate plots in its Naimishnagar and Varun Vihar residential schemes. The draw, to be held at Indira Gandhi Pratishthan, will distribute around 4,500 plots among more than 35,000 applicants.
Registrations for the two schemes were opened on 24 September for one month and extended by three days, closing on 27 October. LDA Deputy Commissioner Prathamesh Kumar said preparations for the lottery have begun after the registration process ended.
Indian Opinion Analysis
The gap between 4,500 plots and 35,000 applicants means almost 87 percent of hopeful buyers will be disappointed after the lottery ends on 6 November. LDA has not announced a timeline for the next phase or any alternative scheme for the rejected applicants. The authority's decision to hold the draw at Indira Gandhi Pratishthan and spread it over three days suggests it expects heavy turnout. What remains unknown is whether the unsold or unclaimed plots from this round will be offered again through a separate process, and when.
Source: bhaskar.com
This brief was synthesised by AI from the source linked above. Methodology and corrections.
