The government has started the process of freeing land parcels from the closure of loss-making PSEs and use them for its flagship Affordable Housing Scheme after meeting the outstanding liabilities of closed PSEs.
The government has identified at least seven land parcels totaling over 2,500 acres where housing projects will come up. About half of the built-up area on these land will be "affordable houses", sources said.
The identified land is 90 acres at Indian Drugs and Pharmaceuticals Ltd (IDPL) in Gurgaon, 29 acres at HMT Bearing Ltd in Hyderabad, 224 acres and 900 acres in Nainital and Burdwan respectively, 45 acres at HMT Watches in Nainital, 87 acres at Hindustan Antibiotics in Pune and 1,200 acres at Hindustan Engineering in Ranchi.
Readers' Choice
L K Atheeq appointed Financial Advisor to Karnataka CM; T G Nath Add CS
Former Himachal Pradesh CS Appointed Chairperson of PSERC
K K Pant gets additional charge of Himachal Chief Secretary
Five names under consideration; K K Pant ahead in the race for Himachal CS
Lucknow Ends Ad Hoc Era: Rajiv Krishna Appointed as Regular DGP of Uttar Pradesh
Sick CPSEs land to be used for affordable housing
By IndianMandarins - 2017-08-08 12:39:33
The government has started the process of freeing land parcels from the closure of loss-making PSEs and use them for its flagship Affordable Housing Scheme after meeting the outstanding liabilities of closed PSEs.
The government has identified at least seven land parcels totaling over 2,500 acres where housing projects will come up. About half of the built-up area on these land will be "affordable houses", sources said.
The identified land is 90 acres at Indian Drugs and Pharmaceuticals Ltd (IDPL) in Gurgaon, 29 acres at HMT Bearing Ltd in Hyderabad, 224 acres and 900 acres in Nainital and Burdwan respectively, 45 acres at HMT Watches in Nainital, 87 acres at Hindustan Antibiotics in Pune and 1,200 acres at Hindustan Engineering in Ranchi.
