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JNNURM Award for Chandigarh as most excellent City for setting aside land for weaker sections

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The Prime Minister of India presented the JNNURM Award with a certificate, a trophy and Cash prize of 2 lakhs for Chandigarh as a most excellent City. As source from www.propertykhazana.com say that this award was presented for setting aside land for the poor. The award was received by the Union Territory administrator for the year 2008. The project was launched in the year 2006 costing around Rs. 570 crores but crossed more than Rs. 1200 crores including the land value.
The centre has spared nearly Rs. 400 crores under the JNNURM scheme while Rs.800 crores was to be pooled by Parsvnath Developers. With the relation between the administrator and realtor turning bitter, it would not be an easy task for the administrators to manage the funds and a cold war exists between the administrator and realtor wants and the realtor now demands his investment of Rs 521 crores to be refunded.
Sources available at www.propertykhazana.com say that around 356 acres of land are set aside for slum development in which 25,728 houses will be built and nearly 166 acres of land is being obtained for building of nearly 13000 houses and the same has been launched. For further details visit www.propertykhazana.com.
Source: NBTVLIVE

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