Huda contributes 12.5% equity in SPV

Haryana Urban Development Authority (Huda) has approved in principle to contribute 12.5 per cent equity in the special purpose vehicle (SPV) namely National Capital Regional Transport Corporation (NCRTC), constituted by the Government of India to bring the RRTS in the NCR towns through Fast Commuter Trains.

A decision to this effect was taken in the meeting of Huda held here today under the Chairmanship of Chief Minister Bhupinder Singh Hooda.

While relaxing the terms and conditions of extension policy for completing construction on group housing sites, it was decided to allow the period of 12 years instead of 10 years subject to the payment of additional extension fees. In the policy circulated during 1997 wherein two per cent reservation of six marla residential plots was made for freedom fighters and their children or grand children, and the widows of the freedom fighters who were not covered earlier would now be covered and made eligible in the reservation of plots being the first legal heirs. The development projects of Rs 975 crore were also approved for the overall development of urban estates in Haryana which included one flyover at Pinjore.

Three railway over-bridges at Faridabad, water supply scheme in Rohtak and Rajiv Gandhi Education City in Sonepat have also been approved. For the development of Gurgaon, the project of 220 manual lymphatic drainage (MLD) sewage treatment plant, construction of master roads and water supply schemes were a lso approved. In Jind project of the sewage treatment plant of 30 MLD and a bypass road in Bahadurgarh has also been sanctioned.

In order to give boost to the development of Rajiv Gandhi Education City, it has been decided that Huda would construct about 100 flats, which will be available when the institutes are ready and can be used for staff residencies. Huda would start construction of atleast two hostels of 100 rooms each.