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JDA is Planning to Execute its Owned Property on the Lines of the Ring Road

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Since the Urban development ministry has taken a decision to give the road work to National Highway Authority of India (NHAI), JDA has been instructed to chalk out a plan for the property owned on the lines of executed on the ring road. Since the design for the same is yet to be confirmed and the rates are still not quoted by NHAI, the execution of the project may not be seen in the near future JDA which owned the property was scheduled to make a path linking Ajmer Road-Tank Road Agra and to alter the length of the originally by nearly 40 kms, adds the source at www.propertykhazana.com.
The minister for Urban Development says that he has written to NHAI to procure the land and further states that the left over land will be in possession of JDA and it will be their duty develops the same.
Since the State Government has taken over the project any involvement of partnership is not welcome. For obvious reasons, the project which was to be taken on build-operate-transfer basis has been knocked out and was later made into a three way partnership.
It is revealed by the source at the www.propertykhazana.com that, at a time when the rates were soaring and the project gaining momentum, the builders got around 9000 acres on the 145 km stretch as payment for making of the road and to develop the land that were given to the farmers.
The bidding for the ring road was initiated by JDA in 2005 and Reliance infrastructure came out successfully and placed draft project report with an estimated cost Rs. 7000 crores. For more and latest realty updates follow www.propertykhazana.com.
Source: NBTVLIVE

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