The Business Line 23.11.2009
VUDA-Jurong housing project in Vizag
Our Bureau
Visakhapatnam, Nov. 22
The Visakhapatnam Urban Development Authority (VUDA), along with Jurong Infrastructure (India) Private Limited, launched a housing project called Haritha at Madhurawada in the city on Sunday.
At the function in the VUDA children’s auditorium here, Mr Ajeya Kallam, the Chairman of the Visakhapatnam port trust, released the brochure marking the inauguration. The housing project, to be taken up in two phases on 40 acres at Madhurawada, would be executed by Jurong India, a subsidiary of the Singapore company. In the first phase, 710 units would be built in two years.
Mr V.N. Vishnu, the Vice-Chairman of the VUDA, said on the occasion that the project was first proposed in 2004, but it could not be taken up.
There were several court cases and other hurdles. “We have struggled hard to get it off the ground. The real estate slump in recent times has also been responsible for the delay. But finally it is on the track,” he said. He said that in the first phase the project would be taken up on 20 acres. A lower income group unit would cost Rs 14.10 lakh, a middle income group unit would be in the range of Rs 22.70 lakhs to Rs 24.10 lakh and a high income group unit would cost between Rs 30.40 lakh and Rs 31 lakh.
