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Housing mania in Haryana

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According to the sources available with www.propertykhazana.com, HUDA planned to set up multi storied flats to move slum communities and utilized the property for value added developments. Venture was planned in 2 phases and the construction of 2,040 apartments came under 1st phase with a cost of Rs. 51.56 Crores. In Sector 56 apartments raised as part of the residential scheme. New housing colonies were developed at Dabua colony and in Bapu Nagar on MCF sites.
Development works were undertaken under the Jawaharlal Nehru Urban Renewal Mission (JNURM). It was the tough task for the authorities in clearing the slums and ultimately the mission was carried out to give the city the all new and clean look, said HUDA officers to the www.propertykhazana.com. It had also seen estimation of water supply, storm water drains, roads and electrification.
set of 2 rooms were constructed in four storied buildings in Sector 56 in 1st phase which was estimated to be more in coming 6 months. Centre also came onward extending with the needed funds for the venture. Apartments were allotted at economical prices with the choice of simple payments, said Pankaj Kumar, superintendent engineer of HUDA to the www.propertykhazana.com. HUDA had already provoked tenders from contractors, as per to the terms and conditions, the yearly yields of the company must not be lower than Rs. 25 Crores from last 5 years. As well, the company must be financially high and the cash credit border of the company must be equipped with purposes but not less than Rs. 5 Crores.
Source: NIMMA BENGALURU

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