The bulk of the revenue will come from the sale of sites
A Rs. 1.08-crore surplus budget for 2012-13 for the Mysore Urban Development Authority (MUDA) was presented by Commissioner C.G. Betsurmath at a special meeting here on Saturday.
The authority is expecting a revenue of Rs. 474.46 crore from various sources and the estimated expenditure has been put at Rs. 473.37 crore. The meeting was chaired by MUDA Chairman L. Nagendra.
Tanveer Sait and Sathyanarayana, MLAs, and Tontadarya, Chikkamadu, Sandesh Nagaraj, Maritebbe Gowda, Siddaraju and G. Madhusudan, MLCs, were present. Revised budget estimates for 2011-12 was put at Rs. 146.64 crore.
The bulk of the revenue will come from the sale of 3,099 sites at R.T. Nagar, Lalithadrinagar (North) and Chamalapura and 1,300 sites at Lalithadrinagar (South). The income is projected at Rs. 221.94 crore.
Apart from this, the auction of corner and intermediate sites is expected to fetch Rs. 100 crore. An additional Rs. 46.20 crore and Rs. 14.6 crore are expected from the auction of group houses and commercial properties respectively.
Mr. Betsurmath said Rs. 66.5 crore had been set aside for new layouts. A total of 82,721 applications seeking sites were pending. Sites at R.T. Nagar, Lalithadrinagar (North) and Chamalapura, which could not be distributed last year, would be allotted this year.
The authority was awaiting the government's nod for launching the work of Nalwadi Krishnaraja Wadiyar Nagar, Swarnajayanthi Nagar and Shanthaveri Gopalagowda Nagar second stage. Mr. Betsurmath said Rs. 25.72 crore had been set aside for completing pending works such as electrification in residential layouts.
“MUDA has taken steps to safeguard its valuable properties and parks from encroachers. An amount of Rs. 2.69 crore has earmarked for fencing properties and parks,” he said. An amount of Rs 7.25 crore has been earmarked for providing drains, roads and water supply in villages where the authority had acquired land for layouts.
Eleven new projects would be taken up this year, including the development of Bal Bhavan at a cost of Rs. 1.50 crore, and enhancing the seating capacity of Bannimantap stadium from 22,000 to 30,000 for which Rs. 50 lakh had been set aside.
Thanks to rapid urbanisation of Mysore city, the demand for housing has gone up.
To address the demand for affordable housing, the MUDA has proposed two new housing schemes – group and independent housing. It plans to build 2,000 group houses (G + 3).
A 1BHK house will cost about Rs. 9 lakh and 2BHK house Rs 11 lakh.
Mr. Betsurmath said: “A Rs 209-crore group housing project had been submitted to the government for approval. We plan to complete the project in one and half years and Rs. 50 crore has been set aside this year.”
Under independent housing facility, houses for middle-class families (147 houses – each house costs about Rs. 15 lakh) and lower-middle class families (207 houses – each house costs Rs. 9 lakh) will be built Devanoor 3rd stage, Vijayanagar 4th Stage, Sathagalli 2nd stage and Hanchya Sathagalli ‘B' zone here.