Cash-strapped Jaipur Development Authority (JDA) is planning to mop-up Rs. 450 crore by developing around 1,800 plots in new housing schemes. These schemes will be launched on August 15. Allotment of plots will be done through lottery and auction.
Recently, Jaipur Development Commissioner (JDC) Gaurav Goyal inspected the sites of these housing schemes. An official said, “A comprehensive plan will be drawn to develop infrastructure in the area. This would attract more application from the buyers,” he said.
The civic body will develop colony named Hiralal Shastri Nagar in zone-14, Gokul Nagar in Prithviraj Nagar Scheme (North zone), APJ Abdul Kalam Nagar in zone 11. Around 200 plots of Nilay Kunj Scheme which were developed earlier in zone-9 will be allotted after re-planning.
Sources said, the reserve price of the housing schemes will be fixed between Rs 6,000 and Rs 8,000.
To sell the plots in its developed schemes, the JDA recently had reduced the reserve price of uninhabited land in its region by 10% to 37%. The JDA is confident of selling the plots in these schemes, looking at the previous response.
As these schemes will not be developed in far-flung areas, many buyers are expected to show interest to buy plots at these locations.
A senior official said, “The move is expected to boost revenue that will be utilised to develop infrastructure. As the market condition has improved, the JDA will also fill its coffers after auctioning plots in its old scheme,” he said.
As the JDA has many schemes in far-flung areas, not many residents have applied to buy those in the past as the authorities failed to provide even basic facilities.
Due to lack of power and water, the sites of these colonies continue to wear a deserted look. An official source said, since 2005, the civic body has launched 38 housing schemes, but most of those are still unoccupied.
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