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Jaipur Development Body To Launch Housing Scheme Near Muhana Mandi

Posted by urbanavenues on August 24, 2022

The civic body has fixed reserve price of Rs 25,000 per square kilometre in this scheme.

JAIPUR: The Jaipur Development Authority (JDA) will launch Shiv Vihar housing scheme where 346 plots are proposed to be developed.

Learning lessons from past when the housing projects were developed in far-flung locations, JDA has decided to develop this new scheme inside the city near Muhana Mandi.

The civic body has fixed reserve price of Rs 25,000 per square kilometre in this scheme. The plots, sized between 45 square metre to 220 square metre will be developed in the colony. The scheme is expected to be launched on Wednesday by the Urban Development and Housing (UDH) minister Shanti Dhariwal from his residence.

Officials are hoping to receive good response from the scheme as it is situated on the 200 feet road connecting Muhana and Gopalpura Road.

A senior official said, “The move is expected to boost revenue that will be utilised to develop the infrastructure. As the market condition has improved, the JDA filled its coffers after auctioning plots in its old scheme,” he said. As per the JDA records, the civic body earned approximately Rs 87 crore in past 70 days.

Official said, Tuesday, plots of mixed land use in Govindpura Kardhani scheme and in Chitrakoot were auctioned for Rs 2.5 crore. The successful bidders bid Rs 93,300 per square metre to purchase a mixed land use plot located in Chitrakoot. The initial bid in the scheme was Rs 75,000 per square metre.

The JDA official claimed, despite real estate is facing a slump, buyers have showed enthusiasm for the plots of Govindpura Kardhani scheme. For Govindpura Kardhani Yojana, an information camp was set up in New Aatish Market organized by marketing team formed at the JDA recently.

An official said, “We are organising online and offline auctions for the buyers. Residents can also bid sitting at home,” he said.

To sell the plots in its developed schemes, the JDA recently had reduced the reserve price of uninhabited land in its region by 10% to 37% recently. The decision was taken by the higher authorities looking at the slump in prices in the region and also for many years, they were unable to auction the plots.

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