Rs. 2.32-cr. surplus budget for MUDA

Development of new residential layouts and two satellite towns figure in proposals

February 23, 2014 10:56 am | Updated May 18, 2016 10:25 am IST - MYSORE:

The budget also proposes to widen the roads under four railway overpasses leading to the Outer Ring Road from two lanes to six. Photo: M. A. Sriram

The budget also proposes to widen the roads under four railway overpasses leading to the Outer Ring Road from two lanes to six. Photo: M. A. Sriram

Development of new residential layouts, two satellite towns at Ballahalli and Kochanahalli, and construction of flats under the group housing schemefigure in Mysore Urban Development Authority’s budget proposals for 2014–15.

Commissioner S. Palaiah on Saturday presented a surplus budget that envisages revenue of Rs. 486.7 crore and an expenditure of Rs. 484.38 crore, leaving a surplus of Rs. 2.32 crore.

Land earmarked

MUDA’s emphasis on satellite townships is expected to decongest the city.

It has earmarked 485 acres of land for the satellite town at Ballahalli and 500 acres of land for Kochnahalli in Varuna hobli.

The new residential layouts, for which administrative approval is expected soon, include Nalwadi Krishnaraja Wadiyar Nagar, Swarna Jayanti Nagar, Lal Bahadur Shastry Nagar 2nd stage, Lalitadrinagar 2nd stage, Ravindranath Tagore Nagar 2nd stage and Shantaveri Gopalgowda Nagar 2nd stage.

The preliminary notification for the development of these layouts was issued in 2005–06 and 2006–07. A total of Rs. 21 crore has been set aside for the purpose.

MUDA has acquired land for the purpose and completed the groundwork for Krishnaraja Wadiyar Nagar, near Lingambudhi and Yadahalli villages, spread over 205.12 acres, while Swarna Jayanti Nagar will come up in Chowdahalli and Halau villages spread over 181.05 acres. In view of the premium on land and its scarcity, MUDA will construct 1 BHK, 2BHK and 3BHK flats as part of a pilot project under the group housing scheme. A total of 500 units will be built on a no profit, no loss basis under Public Private Partnership mode.

A sum of Rs. 1 crore has been set aside for the purpose.

The budget also proposes to widen the roads under four railway overpasses leading to the Outer Ring Road from two lanes to six. MUDA has sent a proposal to the JNNURM authorities. It has set aside Rs. 8 crore for the purpose and expects Rs. 80.89 crore from the Union government. When the widening is completed, it will reduce traffic bottlenecks.

Elected representatives, including Tanveer Sait, Vasu, M.K. Somashekar, MLAs, and Deputy Commissioner C. Shikha were present.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.