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Himachal allows Singapore firm to develop town near Shimla

IANS  |  Shimla 

The Housing and Urban Development Authority (HIMUDA) on Tuesday gave green light to a company for developing a smart integrated township on the outskirts of Shimla town to decongest it, said a state minister.

Urban Development Minister Sudhir Sharma told IANS the HIMUDA board, of which he is chairman, at its meeting here accorded approval to sign the MoU with Cooperation Enterprises for developing a smart and livable township at Jathiadevi near Jubbarhatti airport, some 20 km from here.

The development of the integrated township is an ambitious project which would go a long way in decongesting this highly populated city, he said, adding there has been 10-fold increase in the population of Shimla that has resulted in congestion and over utilisation of infrastructure.

Initially, Shimla was developed by the British colonial rulers for 25,000 people.

HIMUDA has acquired 32 hectares of land for developing the township at Jathiadevi, which is connected by three national highways.

The state government had on September 8 signed a preliminary pact with the firm for developing the township.

The HIMUDA board also approved the proposal of allowing five percent discount to the allottees of flats on deposit of tentative cost in lumpsum.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Himachal allows Singapore firm to develop town near Shimla

The Himachal Pradesh Housing and Urban Development Authority (HIMUDA) on Tuesday gave green light to a Singapore company for developing a smart integrated township on the outskirts of Shimla town to decongest it, said a state minister.

The Housing and Urban Development Authority (HIMUDA) on Tuesday gave green light to a company for developing a smart integrated township on the outskirts of Shimla town to decongest it, said a state minister.

Urban Development Minister Sudhir Sharma told IANS the HIMUDA board, of which he is chairman, at its meeting here accorded approval to sign the MoU with Cooperation Enterprises for developing a smart and livable township at Jathiadevi near Jubbarhatti airport, some 20 km from here.

The development of the integrated township is an ambitious project which would go a long way in decongesting this highly populated city, he said, adding there has been 10-fold increase in the population of Shimla that has resulted in congestion and over utilisation of infrastructure.

Initially, Shimla was developed by the British colonial rulers for 25,000 people.

HIMUDA has acquired 32 hectares of land for developing the township at Jathiadevi, which is connected by three national highways.

The state government had on September 8 signed a preliminary pact with the firm for developing the township.

The HIMUDA board also approved the proposal of allowing five percent discount to the allottees of flats on deposit of tentative cost in lumpsum.

--IANS

vg/vd

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Himachal allows Singapore firm to develop town near Shimla

The Housing and Urban Development Authority (HIMUDA) on Tuesday gave green light to a company for developing a smart integrated township on the outskirts of Shimla town to decongest it, said a state minister.

Urban Development Minister Sudhir Sharma told IANS the HIMUDA board, of which he is chairman, at its meeting here accorded approval to sign the MoU with Cooperation Enterprises for developing a smart and livable township at Jathiadevi near Jubbarhatti airport, some 20 km from here.

The development of the integrated township is an ambitious project which would go a long way in decongesting this highly populated city, he said, adding there has been 10-fold increase in the population of Shimla that has resulted in congestion and over utilisation of infrastructure.

Initially, Shimla was developed by the British colonial rulers for 25,000 people.

HIMUDA has acquired 32 hectares of land for developing the township at Jathiadevi, which is connected by three national highways.

The state government had on September 8 signed a preliminary pact with the firm for developing the township.

The HIMUDA board also approved the proposal of allowing five percent discount to the allottees of flats on deposit of tentative cost in lumpsum.

--IANS

vg/vd

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

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