The Uttar Pradesh government has announced a price reduction of up to 25% on approximately 10,000 unsold flats in Ghaziabad. This initiative aims to address an inventory crisis and standardize costs across development bodies. The new 'Model Costing Guidelines Basic Principles 2025' considers construction, development, and land acquisition costs, with the goal of expediting sales and eliminating pricing disparities between the UP Housing Board and development authorities.