Rajasthan first state to firm up pvt investments in affordable housing; 4 MoUs signed
Updated: Oct 13, 2015 04:42:47pm
Jaipur, Oct 13 (KNN) Rajasthan Government has taken the lead in promoting affordable housing by signing four Memoranda of Understanding firming up an investment of Rs 5,400 crore.
These four MoUs were a part of 27 MoUs signed entailing an investment of Rs 12,478 crore in housing and urban development projects in Jaipur today in the presence of Minister of Urban Development, M Venkaiah Naidu and Chief Minister, Vasundhara Raje Scindhia. These include 14 MoUs for promoting housing projects with an investment of Rs 9,273 crore, an official release said today.
As far as investments are concerned, Tata Housing Development Company Ltd has committed to invest Rs 2,000 crore in affordable and mixed use township over an area of 10.12 hectares.
In addition, Mahima Real Estate Private Ltd has signed MoU with the state government to invest Rs 1,700 crore in affordable housing and group housing followed by National Building Construction Corporation (NBCC) and Wish Empire who have undertaken to invest Rs 500 crore each in Rajasthan.
The 14 housing related investment projects are expected to provide employment to 26,650 persons. Total employment from the 27 MoUs signed today is expected to be 38,950.
Other MoUs related to Medical and Health Care, Education, Industry and Tourism in different parts of Rajasthan.
Speaking on the occasion, Naidu complimented Rajasthan for being in the forefront of implementing new urban sector initiatives. He said that the MoUs mobilizing investments in affordable housing will act as light house to others.
He also said that Rajasthan was the first state to submit AMRUT action plan to the Ministry of Urban Development, first to identify 40 cities for taking up housing projects under Housing for All Mission in urban areas and the first state to ensure complete convergence in implementing Smart City Mission, Atal Mission (AMRUT), Heritage Mission and Housing Mission.
There is a new churning and new beginning by urban local bodies and the States since the launch of Smart City Mission and a new enthusiasm to address the challenges of urbanization in the country, he noted.
The Minister said that recasting of country’s urban landscape is a challenging task given the inadequacy of basic infrastructure in urban areas which also offered immense investment opportunities. The Minister gave details of the benchmarks and actual availability in respect of basic services pointing out gaps in the range of 31 per cent in respect of toilets and to a high of 96 per cent in case of reuse and recycling of urban waste. (KNN Bureau)
These four MoUs were a part of 27 MoUs signed entailing an investment of Rs 12,478 crore in housing and urban development projects in Jaipur today in the presence of Minister of Urban Development, M Venkaiah Naidu and Chief Minister, Vasundhara Raje Scindhia. These include 14 MoUs for promoting housing projects with an investment of Rs 9,273 crore, an official release said today.
As far as investments are concerned, Tata Housing Development Company Ltd has committed to invest Rs 2,000 crore in affordable and mixed use township over an area of 10.12 hectares.
In addition, Mahima Real Estate Private Ltd has signed MoU with the state government to invest Rs 1,700 crore in affordable housing and group housing followed by National Building Construction Corporation (NBCC) and Wish Empire who have undertaken to invest Rs 500 crore each in Rajasthan.
The 14 housing related investment projects are expected to provide employment to 26,650 persons. Total employment from the 27 MoUs signed today is expected to be 38,950.
Other MoUs related to Medical and Health Care, Education, Industry and Tourism in different parts of Rajasthan.
Speaking on the occasion, Naidu complimented Rajasthan for being in the forefront of implementing new urban sector initiatives. He said that the MoUs mobilizing investments in affordable housing will act as light house to others.
He also said that Rajasthan was the first state to submit AMRUT action plan to the Ministry of Urban Development, first to identify 40 cities for taking up housing projects under Housing for All Mission in urban areas and the first state to ensure complete convergence in implementing Smart City Mission, Atal Mission (AMRUT), Heritage Mission and Housing Mission.
There is a new churning and new beginning by urban local bodies and the States since the launch of Smart City Mission and a new enthusiasm to address the challenges of urbanization in the country, he noted.
The Minister said that recasting of country’s urban landscape is a challenging task given the inadequacy of basic infrastructure in urban areas which also offered immense investment opportunities. The Minister gave details of the benchmarks and actual availability in respect of basic services pointing out gaps in the range of 31 per cent in respect of toilets and to a high of 96 per cent in case of reuse and recycling of urban waste. (KNN Bureau)
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