Indore Development Authority (IDA), the biggest and richest development authority of Madhya Pradesh in a major decision on Tuesday, announced construction of 2,800 affordable houses for persons belonging to lower income group and economically weaker sections. A provision to this effect has been made in the revised Budget estimate of the IDA for 2014-15, tabled before the board of director of the IDA on Tuesday.
Talking about the provisions made in the Budget, IDA Chairman Shankar lalwani said of the total affordable houses to be constructed by the IDA, 594 houses would be constructed for the economically weaker sections, while about 1,700 houses would be constructed for the persons of lower income groups. A budgetary allocation of Rs49 crore has been made for the construction of these houses. lalwani said that in order to make these affordable houses well within the reach of economically weaker sections and lower income groups, the IDA for the first time has abolished the compulsion of determining prices of EoW and lIG houses on the basis of prevailing market guidelines, instead prices of these houses would be fixed on actual expenses on construction.
The revised Budget estimate for 2014-15 and the Budget projection for 2015-16 tabled in the IDA's board of directors' meeting on Tuesday show an income of Rs373.78 crore against projected expenses of Rs368.43 crore. Keeping in view the forthcoming Simhasth festival in Ujjain next year, the IDA in its Budget has made large budgetary allocations for infrastructure development in the city.
Among major provisions made in the Budget for infrastructure development and beautification in the city include construction of an amusement park on PPP model by clubbing the land of Meghdoot Upwan and adjoining amusement park, construction of a bus stand at Mundla Naita on Bypass road, construction of a Martyrs Memorial in sector C of eastern Ring road, development and environment conservation works at MY hospital, Regal square and Rajwada, construction of community development centre and premises in Scheme no 136, construction of an international-level swimming pool in sector F of eastern Ring road.
Among other major provisions made in the Budget include construction of a road from Dhar road to airport via Kalani Nagar, study the feasibility of construction of grade separator near Shivaji statue square, besides a provision of Rs33.41 crore has been made in the Budget to carry out beautification, development and environment conservation works in the city.