India, Oct. 10 -- LUCKNOW In a major relief for homebuyers and a strategic move to clear its unsold housing units, the UP Housing & Development Board (Awas Vikas Parishad) announced discounts of up to 15% on purchase of flats during Diwali. The decision was taken after its board meeting on Thursday where several key financial, administrative and developmental issues were discussed, said Board secretary Neeraj Shukla on Friday.

He said 36 proposals were kept, of which 29 got the nod and the remaining were yet to be approved.

The board currently has over 10,000 unsold flats across UP. To attract buyers, it has approved a 15% discount for those making full payment within 60 days and a 10% discount for payment within 90 days. Previously, on...