Home > Forum > Bhubaneswar > Real estate News > Bhubaneswar development authority is planning for first township with 450 acres land near Tamando.
Bhubaneswar development authority is planning for first township with 450 acres land near Tamando.
Q: BDA can compile the whole 450-acre private land solely to reapportion to the homeowners once developing roads, drains, parks and different public amenities in a very planned manner.
As per my knowledge, BDA can begin constructions of roads and drains once preliminary approval by the govt. the complete method would take 2 to a few years, another government officer aforesaid. The known 450-acre land has hardly any constructions. The statutory development agency wouldn't provide building arrange approval to any project until the scheme is enforced, BDA sources aforesaid. According to associate degree estimate, value of land once improvement would go up by eight to ten times. The 450 acre will pave method for a administrative district accommodating around 4lac people.
To implement the scheme, BDA has engaged Ahmedabad-based agency as consultant. The agency has expertise in providing practice to similar comes in Gujarat. BDA can replicate the scheme in alternative places once the maiden project soars . Developers have welcome the move. It is that the solely thanks to guarantee systematic development while not land acquisition that could be a cumbersome method and a win-win state of affairs for all.
Under the scheme, BDA can collect the whole 450-acre non-public land solely to reapportion to the house owners once developing roads, drains, parks and different public amenities during a planned manner. we are hopeful concerning notifying the scheme for the known 450 acres at intervals this month," BDA vice-chairman Krishan Kumar told. Around 1,000 plots on the two-km stretch of the planned road from Tamando towards Chandaka, are a part of the planned scheme. once making the land pool, BDA can come back 60% to 65% of the land to the house owners by providing drain and road property to all or any the plots.
According to me, after BDA notifies the scheme, the authorities can appoint a valuation officer to mixture the land documents and calculate the proportionate come back attempt to the beneficiaries. BDA can exploit 10% of the land commercially to fund the event value whereas 25% to 30% would be used for amenities and communities.