BDA makes 1000 acre infra plan for fringes
The land spreads over Gothapatna, Shampur, Andharua, Chandaka and Daspur villages on the outskirts of the city
Nov 04, 2014
Source : The Times of India
BDA Bhubaneswar

 

BHUBANESWAR: The Bhubaneswar Development Authority (BDA) has announced it will prepare a master plan for a 1000-acre government plot in the city soon, fuelling speculation in the real estate market.

BDA planning member Pitabasa Sahoo published a request for proposal (RFP) for selection of a consultant to prepare the plan. Though BDA has not specified the area in the RFP, a senior BDA officer said the land spreads over Gothapatna, Shampur, Andharua, Chandaka and Daspur villages on the outskirts of the city, an emerging hub of real estate activities.

The officer said the BDA move aims at preventing encroachment and foster systematic growth in the upcoming locality. The general administration department had asked BDA to prepare the plan defining land use pattern so that new projects can be planned, he said.

BDA will select the consulting agency for preparation of the detailed master plan and layout following provisions of the Comprehensive Development Plan (CDP) 2010. It will include a broad circulation plan, road network, and housing including that for economically weaker sections, provision of quality physical and social infrastructure, the RFP said.

The authority would hold a pre-bid meeting for the prospective bidders on November 10.

The area is already the location for many big ticket government projects such the Institute of Mathematics and Applications, International Institute of Information Technology, ESI Medical College and private projects such as the Institute of Medical Sciences and Sum Hospital.

The government is planning to house more such projects in the area. Coinciding with the BDA move, Odisha Infrastructure Development Corporation (Idco) on Monday asked the revenue department to alienate 177 acres of forest land and 80 acres of non-forest land at Gothapatna. "The land is required by us immediately for infrastructure development," Idco wrote to the Bhubaneswar tehsildar.

BDA is coming with a housing project on 20 acres at Gothapatna while several private residential projects too are lined up there. "The targeted development plan will definitely help spur planned real estate growth there," said D S Tripathy, joint secretary of the Confederation of Real Estate Developers Association of India.

The area, with a well-connected land bank, is strategically located between Bhubaneswar and Cuttack. A second bridge on Mahanadi is under construction near Trishulia Chowk close to this region, making it the future hub of the Cuttack-Bhubaneswar urban complex.

The proposed Ring Road of the state capital will touch a major part of it while the Cuttack-Bhubaneswar rail-based mass rapid transit system (MRTS) will also pass through it.

Latest Realty News

Singapore-based engineering group focuses on Indian smart cities
Nov 04, 2014
SINGAPORE: A Singapore-based engineering consultancy is planning to set up Centres of Excellence in smart cities
Jindals' Rs 300 crore property caught in heritage row
Nov 04, 2014
MUMBAI: Morena House, the Carmichael Road property bought by steel tycoon Sajjan Jindal six years ago and now believed to be worth Rs 300 crore, is now caught in a heritage-versus-redevelopment row
Stage set for Bengal realty project
Nov 04, 2014
Calcutta: Real estate companies Siddha Group and Eden Realty said that they had cleared the decks for the two components of the Bonhooghly Tenement Housing project being developed in partnership with the Bengal government on 18 acres
NCR sees 54% decline in new realty projects
Nov 04, 2014
NEW DELHI: The slowdown in India's real estate sector continues with the number of new construction projects declining sharply in the three biggest realty markets in the third quarter
New circle rates to push vertical growth
Nov 04, 2014
DEHRADUN: With revised circle rates coming into effect in the city soon, the top floors of multi-storey apartments are going to be easy on your pocket
Govt land details on official portal soon
Nov 03, 2014
HYDERABAD: The Hyderabad district administration will soon upload details of government land located in 16 mandals on its portal: www.hyderabad.telangana.gov.in
Govt to acquire over 30,000 acres for capital
Nov 03, 2014
GUNTUR: AP agriculture minister Prattipati Pulla Rao did not rule out the possibility of acquiring more than the proposed 30,000 acres land for the construction of capital city
Higher property prices swell ranks of Asia Pacific HNWIs
Nov 03, 2014
Asia Pacific will soon have more high-net-worth individuals (HNWIs) than North America with their investment in real estate being a key factor increasing their wealth
Milestone Capital Advisors exits Godrej Properties Kolkata project for Rs 200 crore
Nov 03, 2014
MUMBAI: Real estate private equity firm Milestone Capital Advisors has sold its entire stake in Godrej Properties residential project Godrej Prakriti in Kolkata for Rs 200 crore
Revised OAO Act’ to provide respite for Flat owners
Nov 03, 2014
Bhubaneswar: In a breather to the thousands of lakhs of flat / apartment owners in the State, Odisha Government has proposed amendment to the age-old Odisha Apartment Ownership [OAO] Act, 1982

Latest Realty News Of State

Realty Talk's