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Launch of greenfield townships in state ahead of festive season

Launch of greenfield townships in state ahead of festive season

Time of Indiaa day ago
Lucknow: In heartening news for families looking for affordable housing units, launch of over a dozen greenfield townships is expected ahead of the festive season across key cities of Uttar Pradesh.
Holding a meeting with housing development authorities, state govt issued directives to vice-chairmen to expedite land aggregation process to launch the housing scheme before Diwali.
While the schemes could be launched in seven cities by Sep, remaining 11 would be floated ahead of Diwali. Aligarh, Meerut, Jhansi, Mathura, Agra, Moradabad, Kanpur, Firozabad, Bulandshahr, Banda, Ayodhya, Rampur and Saharanpur are among cities where townships would be established.
A budget of Rs 400 crore, Rs 306 crore and Rs 292 crore has been allocated for setting up townships in Moradabad, Saharanpur and Rampur, respectively. Overall, a corpus of more than Rs 6,000 crore has been created for 30 schemes that were planned under the chief minister's new township scheme.
In Apr 2023, Yogi Adityanath govt came out with the new township scheme to promote development of residential housing. At least a 12.5-acre wide land parcel would have to be developed and the state has agreed to fund 50% of the land acquisition cost, which would have to be repaid in 20 years. Principal secretary of the housing department, P Guruprasad, on Monday held a review meeting to check current status of the townships.
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