rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » 26 bidders in fray for Jaipur township

26 bidders in fray for Jaipur township

April 25, 2006 12:59 IST
Twenty six international and national firms have evinced interest in the Jaipur Development Authority's township project, to be developed on Jaipur-Delhi national highway.

The township is to be developed in Gunawata village on national highway-8, for which 304 bighas of land has been reserved by the JDA.

Executives of interested firms, which include Dubai-based Business Development ETA Star Property Developers, Delhi-based Omaxe Construction Ltd, Ice Reality India Pvt Ltd of Mumbai, Kolkata-based Bengal Ambuja Housing Development, Ansal Townships, Raheja Universal, KGK Concern, Entertainment World Developers, IVRCL Infrastructure, and over a dozen other firms have been camping in the city for past several days.

These executives are not only taking the aerial view of the proposed site but are also scouting for more such suitable locations through their charter planes and helicopters for coming up with the private township schemes.

"What attracted these developers was the location of the proposed site at Gunawata Village, 22 km away from the city. Owing to the strings of the hotels on the highway the entire area has huge potential for emerging as a tourist and business hub," a JDA spokesperson said.

Besides this, the recent announcement by the government to come up with the six lane road in the area also attracted the developers.

JDA is expecting a revenue of Rs 150 crore (Rs 1.5 billion) from the township. The township shall feature group housing scheme, resorts, clubs and residential colonies.

The scheme would also offer office space and multipurpose commercial area to investors and buyers. Schools, community centres and hospital will also be included.

Anil Sharma in New Delhi/Jaipur
Source: