Long-awaited EWS housing project finally begins in Mohali
Real Estate

Long-awaited EWS housing project finally begins in Mohali

After almost a decade of delays, the housing society project aimed at providing homes for the economically weaker section (EWS) has finally commenced in Mohali. The Greater Mohali Area Development Authority (GMADA) has taken a significant step forward by appointing a consultant for the project.

The groundwork for this initiative was laid when the Punjab EWS Housing policy was notified by the state cabinet in August 2021. As per this policy, GMADA will employ brickless technology to construct the houses. In the initial phase, 5,000 dwelling units will be built under the supervision of GMADA's chief administrator, Rajiv Gupta.

To ensure efficient execution of the project from start to finish, a public sector undertaking of the Government of India was recently selected as the project management consultant (PMC). The PMC will handle all aspects of the project, including the development of a web portal for application submissions, market demand analysis, close monitoring of construction activities, ensuring high-quality standards, and overseeing the handover to the respective Resident Welfare Associations (RWA).

The EWS housing policy, which received cabinet approval on March 9, 2021, outlines the construction of a total of 25,000 EWS houses. These houses will be constructed by the Special Urban Planning and Development Authorities, falling under the purview of the housing and urban development department. Under the policy, GMADA will only charge the construction cost for the flats, excluding the land cost, making it affordable for EWS families.

In total, GMADA has plans to construct 22,000 EWS flats, and for this purpose, the authority has already acquired 230 acres of land. Progress is underway as a consultant has been hired to prepare blueprints, and the Detailed Project Report (DRP) is ready. The estimated cost of the entire project is currently being calculated, based on the policy that was already approved by the Punjab cabinet in 2021.

After almost a decade of delays, the housing society project aimed at providing homes for the economically weaker section (EWS) has finally commenced in Mohali. The Greater Mohali Area Development Authority (GMADA) has taken a significant step forward by appointing a consultant for the project.The groundwork for this initiative was laid when the Punjab EWS Housing policy was notified by the state cabinet in August 2021. As per this policy, GMADA will employ brickless technology to construct the houses. In the initial phase, 5,000 dwelling units will be built under the supervision of GMADA's chief administrator, Rajiv Gupta.To ensure efficient execution of the project from start to finish, a public sector undertaking of the Government of India was recently selected as the project management consultant (PMC). The PMC will handle all aspects of the project, including the development of a web portal for application submissions, market demand analysis, close monitoring of construction activities, ensuring high-quality standards, and overseeing the handover to the respective Resident Welfare Associations (RWA).The EWS housing policy, which received cabinet approval on March 9, 2021, outlines the construction of a total of 25,000 EWS houses. These houses will be constructed by the Special Urban Planning and Development Authorities, falling under the purview of the housing and urban development department. Under the policy, GMADA will only charge the construction cost for the flats, excluding the land cost, making it affordable for EWS families.In total, GMADA has plans to construct 22,000 EWS flats, and for this purpose, the authority has already acquired 230 acres of land. Progress is underway as a consultant has been hired to prepare blueprints, and the Detailed Project Report (DRP) is ready. The estimated cost of the entire project is currently being calculated, based on the policy that was already approved by the Punjab cabinet in 2021.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement