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PCNTDA approves eco-housing project

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The Times of India 17.08.2009

PCNTDA approves eco-housing project

PUNE: The Pimpri-Chinchwad New Township Development Authority (PCNTDA) has approved setting up of the first pilot project of eco-housing under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) scheme on public private partnership (PPP) basis in Sector 12 on 53 hectare land.

Speaking to reporters on Thursday, Suhas Divse, chief executive officer, PCNTDA said the project was approved at the 285th meeting of the PCNTDA held on Wednesday, attended by divisional commissioner and PCNTDA chairman Dilip Band. The developer for the project was selected at the meeting and the work will begin after receiving approval of the state government.

The project received approval under the JNNURM from the Central sanctioning and monitoring committee on February 27. The state government approved 2.5 floor space index (FSI) for the project.

The project is eco-friendly and cost effective and includes all the basic amenities. Total 5,040 flats will be built each with 35.06 sq.m carpet area. The flats will be distributed to the people belonging to low income group in the Pimpri-Chinchwad Municipal Corporation (PCMC) and PCNTDA limits.

The flatholders will be provided social and physical amenities under basic services to urban poor scheme. These include primary health centre (PHC), primary school, community hall, rickshaw stand, vegetable market and others.

The expenditure on the project and basic amenities will be around Rs 417 crore. The Union government will provide around Rs 123 crore, PCNTDA will provide Rs 225 crore on PPP basis to the developer which includes Rs 123 crore as grants from the Union government and the individual share from the beneficiaries.

The developer will provide built area of around 14 lakh sq.ft (1.30 lakh sq.m) from the PPP area, excluding the 5,040 flats. This area includes 1,971 flats in category A and 358 flats in category B. Each flat in category A is of 53 sq.m. while each flat in category B is of 73 sq.m. These 2,329 flats will be distributed at reasonable price on PCNTDA norms.

The developer will give Rs 50 crore to PCNTDA as cost of land before starting the project. He will provide basic amenities like roads, electricity and water supply on the 53 hectare plot. He will create amenities like well-equipped hospital, schools and others on reserved plots as per the PCNTDA rules. He will complete the project in two years and the remaining developmental works and development of the Sector in four years.

The developer will get 25 per cent of the total area for open sale. He will be able to build residential flats on around 4.6 lakh sq.m area.