In yet another significant step being taken under the Optimum Utilisation of Vacant Government Lands (OUVGL) Scheme, the Punjab Urban Development Authority (PUDA) is now all set to sell nearly 650 residential plots by carving urban estates in three different towns of the state.
The initiative is expected to make the authority earn a tentative amount of Rs 126 crore.
Besides Mansa and Gurdaspur, a small town Udaikaran of Muktsar district has also been included among the selected towns. To ensure transparency in the proceedings, the PUDA has opted for draw to allot the plots. The upcoming Gurdaspur urban estate, spread in 18.03 acre, will have 203 residential plots and 12 shop-cum-office sites, the urban estate at Mansa will be spread in 52 acre offering 337 residential plots, and the urban estate at Udaikaran will have 94 residential plots with a chunk of 0.92 acre reserved for the commercial purposes.
The dimensions of residential plots in Gurdaspur and Udaikaran will be ranging between 200 square yard to 500 square yard, while the plots in Udaikaran have been carved with different sizes ranging between 150 square yard to 500 square yard.
Depending upon the location and category of the towns, the PUDA has decided to offer plots in Gurdaspur at the rate of Rs 10,500 per square yard, for Mansa it has been kept Rs 6,800 per square yard, and at Udaikaran the residential plots will be sold at the rate of Rs 6,000 per square yard.
The site selected for Gurdaspur urban estate was otherwise housing a huge but dilapidating bungalow of executive engineer of the Irrigation Department (Upper Bari Doab Canal) and a piggery farm running under the Animal Husbandry Department.
Now, the PUDA will relocate the XEN within its upcoming urban estate, but for the relocation of piggery farm the Deputy Commissioner has been asked to find a suitable chunk of five acre. It was transferred to the PUDA in June this year.
For the site selected for Udaikaran urban estate, the PUDA is utilising a chunk belonging to the Provincial Government. The chunk located on Muktsar-Kotkapura road was transferred to the PUDA in March last year.
The third, Mansa urban Estate that is of 52 acre, unlike others, has been purchased from the Punjab State Industrial Export Corporation (PSIEC) against the price of Rs 48 lakh per acre. The land, as learnt, is yet to be transferred to the government from where it will be handed over to the PUDA. The process is expected to be completed in a month.
Calculating the earnings, the PUDA officials estimate to gain Rs 43.47 crore from Gurdaspur, Rs 67.04 crore from Mansa and Rs 16.16 crore from Udaikaran urban estate.
PUDA Chief Administrator Manvesh Singh Sandhu, when contacted, claimed that the authority, after studying the requirements of these areas, had come up with the idea to develop the residential as well as the commercial pockets there in a well-planned manner, so it is being materialised under the OUVGL scheme of the government.
Asked about the slump in the real estate sector, Sandhu said, “PUDA has its credibility and we hope the projects, being developed on need base, will definitely beat the droop and get significant response from the market.”