The total project cost is Rs. 10,000 crore is estimated, of which Rs. 5,000 crore has been earmarked only for land acquisition.
Government of Uttar Pradesh under Chief Minister Urban Expansion New City Promotion Scheme for Haranandipuram township project by December this year Rs. 400 crore is set to be allocated, which aims to address the demands of the growing population in urban areas like Ghaziabad. The ambitious project spearheaded by the Ghaziabad Development Authority (GDA) involves acquiring around 521 hectares of land in eight villages. The total project cost is Rs. 10,000 crore is estimated, of which Rs. 5,000 crore has been earmarked only for land acquisition. The cost will be shared equally by the State Government and GDA.
A detailed breakdown of land acquisition includes:
247.84 hectares from Nangla Ferozepur
123.97 hectares from Shamsher
54.20 hectares from Shahpur Morta
53.26 hectares from Bhaipur
39.2 hectares from Champat Nagar
11.83 hectares from Bhanera Khurd
8.72 hectares from Mathurapur
2.58 hectares from Morti
Currently, drone and physical surveys are underway to facilitate the acquisition process. Once completed, the township is expected to significantly alleviate residential space constraints and cater to the growing residential demand of the city. In a high-level meeting held in Lucknow on Monday, the Director of Housing Development Department said that the first installment of the state under the Chief Minister’s Urban Expansion Scheme will be released in December. A GDA official said that in the next six months, the authority will spend Rs. 800 crore will be collected.
The Ghaziabad Development Authority (GDA) is gearing up to launch the first phase of the Haranandipuram township project next year. To fund the initiative, the authority is actively raising money through property auctions under various housing schemes. On November 6, GDA successfully auctioned plots in housing schemes like Indirapuram, Govindapuram, Radhakunj, Shastri Nagar and Karpooripuram in a single day for Rs. Earned 58 crores. Based on this momentum, GDA plans to conduct additional auctions to get more funds. Development of townships.