No announcement yet.

Jaipur Now own a home on DelhiJaipur highway


Jaipur Now own a home on DelhiJaipur highway

Last updated: February 16 2012
0 | Posts
2140 | Views
  • Time
  • Show
Clear All
new posts

  • Jaipur Now own a home on DelhiJaipur highway

    Jaipur: The world is running out of living space. And, India has an answer. The ministry of surface transport wants to turn areas abutting major highways to turn into residential hubs. Rajasthan will lead the way.

    Initiating a new model of highway-at-your-doorstep, the Road Transport and Highways department has proposed development of integrated townships along a 230-km stretch of Delhi-Jaipur expressway.

    The model will pave the way for planned urbanisation in areas around Chomu, Shahpura, Kotputli, Rewari and Behror, which fall under Jaipur and Alwar regions. According to the proposal, several integrated townships will be linked directly with the expressway. Since the expressway is an access-controlled facility, the entry and exit to the township would be regulated through grade-separated interchanges, which will boost the economy of adjacent areas as well. This is also expected to subsidise the high cost involved in constructing the expressway.

    The decision was taken at a meeting after RTH minister CP Joshi met road developers, builders and construction companies to explore innovative ways of financing the expressway. “In the meeting we identified few towns for making integrated townships,” said Anil Sharma, manager, National Highway Authority of India (NHAI).
    The move is expected to give state's economic a boost of several hundred crore.

    “Hundreds of bigha land is lying vacant within 5 km of these places and these can be turned into townships — a blessing for state's people and its real estate sector,” experts said. Gopal Gupta, a patron of Rajasthan Builders and Promoters Association, agreed that the proposal can play a major role in promoting development. “People living in these towns will be the first beneficiaries. Their land will bring them money and offer newer and more lucrative sources of employment,” Gupta said. However, he dismissed the idea of these towns displacing Jaipur as an economic destination.

    Real estate pundits expect the proposal to open fresh avenues. Big chunks of lands are sold for farm houses near these towns. If the township is proposed, the land-holders will not sell land for farm houses, but will instead want to invest in developing housing colonies and commercial spaces or sell it to the developer.

    “If townships are developed here then definitely people from nearby areas would want to relocate. Also, the farmers will develop housing schemes over land or sell the land to project developers. In both conditions, the real estate market will boom,” said Raghuveer Singh, a realtor. A similar township model has also been proposed for Gurgaon and Rewari.

    Jaipur: Now, own a home on Delhi-Jaipur highway! -
    Please read IREF rules | FAQ's
Have any questions or thoughts about this?