Realtors Must Allot 10% Of Units In Projects To Ews, Real Estate News, ET RealEstate

September 2, 2023

BHUBANESWAR: The Bhubaneswar Development Authority (BDA) has shifted its focus on providing housing to economically weaker sections (EWS) and lower-income groups (LIG) at an affordable price by introducing a mandatory provision in the projects developed by private realtors on government land.

At the 41st foundation day of the authority on Friday, BDA chairman G Mathivathanan said private parties will have to keep aside 10% of the units of the housing projects built on government land for EWS and LIG.

Such dwelling units will be made available to the lower-income group of people at Rs 1,780 per square feet. Till now, the BDA has allotted four such land parcels to developers for the purpose and this will be further expanded in the near future, Mathivathanan said.

He added that the BDA is in the process of allotting 128 2BHK flats in K-9B Kalinga Nagar in Daya Enclave. This is for the middle income group of people and so far, 109 allottees have been selected through lottery and the flats will be handed over to them very soon, he said.

Officials said the BDA is also planning to complete the two other housing projects at Subudhipur and another at Patrapada and allot the same to buyers at an affordable rate. A total of 870 residential flats will be made ready and allotted to buyers by the end of this year, they said.

On the city development part, BDA vice-chairman Balwant Singh said the BDA has been creating a GIS-based comprehensive development plan (CDP) for the newly added villages in the BDA planning area. The new plan aims to align with the existing CDP of 2010, he said.

Singh said the aim here is to foster a sustainable and balanced growth for the extended parts of the state capital. The public notification for the proposed land map will be issued for suggestions and objection by the next one week, he said.

He added that the BDA has planned to develop a New City on 95% government-owned land in Daspur and Gothapatana. The proposed city will create multi-brand economic development in vibrant urban form. It will boost multi-pronged economic development, he said.

During the foundation day celebration, the BDA officials also informed about construction of three new burial grounds. The BDA is also planning to develop a wholesale market in Bhagabanpur over 10 acres of land.

  • Published On Sep 2, 2023 at 03:00 PM IST

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