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GMADA to spend Rs 1,160 crore on Mohali development


The town would witness substantial development in the future as the Greater Mohali Area Development Authority (GMADA) has planned to spend about Rs 1,160 crore on developmental works and Rs 380 crore on infrastructure building this financial year.

According to sources, under its proposed budget for the new fiscal (2013-14), the GMADA authorities have decided to spend a total Rs 4,800 crore, which is Rs 1,300 crore more than the previous budget. Last year, the estimated expenditure under the budget was Rs 3500.38 crore.

The sources said a major part of the proposed budget would be spent on land acquisition. “This year, the proposed expenditure on the acquisition of land will be nearly Rs 2,300 crore,” said the sources.

Notably, about 80 per cent of the total land (proposed to be acquired for various projects during the last fiscal) could not be acquired and GMADA has to surrender Rs 569 crore at the end of the last fiscal.

On development works, for which about Rs 1,160 crore has been set aside, about Rs 500 crore would be spent on the completion of an innovative housing project, Purab Apartment at Sector 88, while there is a proposal to construct 3,400 EWS houses at a cost of Rs 20 crore.

The other major developmental projects include Knowledge City, IT City, Urban Estate at Sector 82-A and 83 at a cost of Rs 215 crore, Eco-City I at a cost of Rs 127 crore and the development of Aerocity at a cost of Rs 125 crore.

A senior official of GMADA claimed that the town would have a top-class grid of road network as Rs 380 crore had been proposed to be spent on roads this fiscal. “About Rs 121 crore will be spent on grid roads in various sectors of the town while for the strengthening and recarpeting of the internal roads in the town, GMADA is going to spend Rs 30 crore. The rest of the amount will be spent on the other connecting roads and junctions”.