The Hindu 20.01.2010
Get ready to bid for corner sites in MUDA layouts
Shankar Bennur
MYSORE: Want to own a corner site in a fully-developed layout in Mysore? Well, get ready with the funds as the Mysore Urban Development Authority (MUDA) will hold a mega auction of sites in some of the best localities developed by it in recent years.
The first such auction will take place on January 29 at Nanjaraja Bahadur Choultry here and is said to be the biggest in recent years. More than 25 sites will be auctioned at Vijayanagar first stage and Hebbal second stage. The sites with a dimension of 60 x 40 and 50 x 80 will come under the hammer.
“We are expecting to generate over Rs. 10 crore through the auction. It is a mega auction and therefore is has been organised outside the MUDA premises to accommodate more bidders,” said MUDA Commissioner P.C. Jayanna.
Speaking to The Hindu, he said that the auction of corner sites in other layouts would follow. The work on converting the 25-km two-lane outer ring road into six lanes will commence in February and the tenders for the same are being finalised. The Rs. 220-crore project will be implemented under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM). The MUDA will bear 10 per cent of the project cost and the State Government will bear 10 per cent.
“We are supposed to mobilise a total sum of Rs. 95 crore for the project cost of the six-lane road and the completion of work on the remaining 9 km stretch of the road,” he said.
According to official sources, MUDA is contemplating re-introducing the “Own Your House Scheme”, which was discontinued due to technical reasons.
Guidelines for the same were being framed, they disclosed.
