Deccan Chronicle              19.12.2013

Rs 2,170 sft is new cost of  flats in Haritha project

Visakhapatnam: VUDA has fixed a price of Rs 2,170  per sft for flats at the much-delayed Haritha housing project.

Though the cost was fixed at Rs 1,790 per sft when the project was launched in 2008, delay in grounding the project had led to escalation of the cost and VUDA has decided to collect the difference amount from the allottees. The project cost is estimated to have gone up by Rs 45 crore.

However, to lessen the burden on the allottees, VUDA vice-chairman N. Yuvaraj said that the interest amount paid by the bank on installments paid by the allottees, since 2008, would be added to the principal amount and the whole amount would be considered as payment so far against the units allotted.

Now, the allottees have to pay the difference amount between the principal amount with the interest so far and the enhanced cost of the unit.

Thus, the allottees are relieved from huge burden of payment. Yuvaraj said the resolution approved by the Board is being communicated to the allottees.

Regarding the available vacant 42 flats in Haritha, Yuvaraj said notification will be issued in January, calling for applications.

The cost per sft would be Rs 2,600 for the 42 vacant flats. Four HIG units, 32 MIG units and six LIG units are vacant, he added.

The Board further approved for preparation of a detailed project report (DPR) on outer ring road to Visakhapatnam.

A proposal to develop ORR starting from Payakaraopeta on the national highway on southern side passing via Anakapalle, Relli in Kothavalasa mandal, Vizianagaram is under consideration, in view of the increasing importane of the city at international level under Transit Oriented Growth Roads concept.

A proposal to take up preparation of the coastal zone management plan (CZMP) has also been approved by the Board and soon the process will begin.