JDA Jaipur succeeded In Attracting Developers For 7 Affordable Housing Projects

These sites include Anand Vihar, Abhinav Vihar, Shaurya Nagar and Surya Nagar, where the developer was proposed to construct houses on engineering, procurement and construction basis.

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JDA Jaipur succeeded In Attracting Developers For 7 Affordable Housing Projects

After repeated failures, the Jaipur Development Authority (JDA) finally succeeded in attracting developers for seven of its nine affordable housing projects.

On August 20, the civic body received technical bids for seven projects after it made several amendments in the tender document.

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Under the Chief Minister’s ambitious Mukhyamantri Jan Awas Yojana, the JDA proposed to develop projects for the Economically Weaker Section (EWS) on Public-Private Partnership (PPP) mode on different sites. These sites include Anand Vihar, Abhinav Vihar, Shaurya Nagar and Surya Nagar, where the developer was proposed to construct houses on engineering, procurement and construction basis.

An official informed, in previous tenders developer did not participate due to limited liability and the low ceiling for construction price. A recent rise of 10% in the construction cost ceiling too was inadequate to expectations of the developers. After facing rejections, the development authority compensated the developers through other incentives, such as the additional built-up area for their other projects.

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In the latest tender document, a contract clause mentioned that construction on the project will commence after 75% of pre-booking.

Other than this, the state government has also proposed to reduce the number of floors in multi-storeyed buildings, to be constructed by developers on government land for the (EWS) under the scheme.

The number of floors is now proposed to reduce from G+9 to G+4. A UDH official informed that under provision 4(A) and 4(B), the EWS/LIG houses are to be developed on government land by private developers. The move is expected to lure more private builders who are apprehensive to invest in Mukhyamantri Jan Awas Yojana due to high costing.

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The construction cost of the buildings would be reduced. For G+10, the developers have to seek several clearances including fire NOC, environment clearance and Airports Authority of India approval. This increases the cost of developers and as a result, they do not show interest in the existing rates.

Source Link- http://news.myestatepoint.com/

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