Q: Heard recently that MUDA is going to be developing residential layouts throughout the city.. How correct is this information? And can someone give me some info on that please..
Under this residential layout plan, MUDA is also going to construct 500 units of 1, 2, and 3 bhk apartments, as a part of the pilot project under the group housing scheme.
I came to know that MUDA has acquired land (205.12 acres) and even completed the groundwork for Krishnaraja Wadiyar Nagar, near Lingambudhi and Yadahalli villages, while Swarna Jayanti Nagar (181.05 acres) will come up in Chowdahalli and Halau villages.
For the second stage of the residential layouts, MUDA has zeroed in on Lal Bahadur Shastry Nagar, Lalitadrinagar, Ravindranath Tagore Nagar and Shantaveri Gopalgowda Nagar.
Yes so their estimated cost is Rs 484.38 crore, and they are expecting to earn back a revenue of Rs. 486.7 crore, so we they will have some surplus in case this project is pulled off properly.
The residential layouts are going to be developed in two stages and this project along with the development of the satellite towns is expected to bring in an extra of Rs 2.32 cr.