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Time of India
4 days ago
- Business
- Time of India
Mussoorie Dehradun development body to identify land bank for residential projects
DEHRADUN : In the 111th board meeting of the Mussoorie Dehradun Development Authority ( MDDA ) held on Thursday, the civic body decided to identify a land bank for upcoming residential projects. This move was prompted by the rising population density and the success of previous initiatives such as the ISBT and Aamwala Tarla residential schemes. Over 75 proposals were presented to the board, the majority of which concerned commercial construction, including hotels, eco-resorts, and residential map issues. "A budget of Rs 1,000 crore was proposed for the financial year 2025-26," said VC Bansidhar Tiwari . Additionally, the authority resolved to secure land specifically for new residential developments to address the growing demand for affordable housing, particularly for populations displaced by encroachment drives. The meeting also reviewed ongoing MDDA projects, including the Arhat market relocation and the ISBT takeover. The board also approved land pooling initiatives to support the establishment of IT companies and boost industrial growth.
Time of India
4 days ago
- Business
- Time of India
MDDA to identify land bank for residential projects
Dehradun: In the 111th board meeting of the Mussoorie Dehradun Development Authority (MDDA) held on Thursday, the civic body decided to identify a land bank for upcoming residential projects. Tired of too many ads? go ad free now This move was prompted by the rising population density and the success of previous initiatives such as the ISBT and Aamwala Tarla residential schemes. Over 75 proposals were presented to the board, the majority of which concerned commercial construction, including hotels, eco-resorts, and residential map issues. "A budget of Rs 1,000 crore was proposed for the financial year 2025-26," said VC Bansidhar Tiwari. Additionally, the authority resolved to secure land specifically for new residential developments to address the growing demand for affordable housing, particularly for populations displaced by encroachment drives. The meeting also reviewed ongoing MDDA projects, including the Arhat market relocation and the ISBT takeover. The board also approved land pooling initiatives to support the establishment of IT companies and boost industrial growth.
