Rs , sq ft

Removed from Shortlist

My Shortlist ()
Keep track of your shortlisted properties here. Shortlist a property to get started.

Nashik MC ready to pay more for Anandvalli land

No Comments Sub Category:Other cities,Realty News,Uncategorized Posted On: Apr 12, 2013

LandNashik: The Nashik Municipal Corporation (NMC) is all set to increase the price offered for the Anandvalli land deal with Maharashtra Industrial Development Corporation (MIDC) from Rs 1 crore to Rs 1.12 crore. This is expected to end the deadlock of the deal.

The housing project in Anandvalli has been delayed for over an year, due to this deal getting struck. The NMC needs s the 9,700 sq metres plot in Anandvalli to rehabilitate the slum-dwellers and people below the poverty line under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) announced by the central government in 2010.

The corporation had started the construction work at Anandvalli plot and then got to know that the plot belonged to the MIDC. The MIDC had then demanded Rs 1.25 crore from the corporation in exchange for the land but the civic body refused to pay more than a crore. However, now it has decided to revise its offer to Rs 1.12 crore as the housing project is getting delayed as due to deadlock over the price.

The plot is estimated at Rs 1.12 crore approximately, a proposal for the same will be tabled by the administration at the general body meeting (GBM) on Wednesday for its approval, explained a senior NMC official.

The Nashik Municipal Corporation had selected 11 locations in the city and has received approval from the central government under JNNURM to build 16,000 houses in the project. However, at present, the civic body has decided to construct 11,200 houses as per the availability of land.

Construction work for 8,000 houses has already been started at various locations in the city. In February, the NMC had allotted houses to the beneficiaries at their housing project in Nilgiri Bag.

Click here for related forum discussion

Related Real Estate News:

JDA favors developers, loses Rs 12 crore

UDH approves several proposals to ease out land regularization

Delhi govt reluctant to amend Rent Bill

Leave a Reply



CommonFloor Property Search Mobile App now available on Android, iOS and Windows!