In the prevailing market, HUDA expects about Rs.1.5 crore per acre.
Gamuda Berhard, and Sun City Berhard from Malaysia, Keppel Investments, Mauritius, DLF, L&T, Unitech Ltd., Noida, Prestige Estates, Bangalore, Emaar Properties, Delhi, Pacifica, Ahmedabad are among those who have submitted tender documents so far.HUDA would give a basic plan demarcating open spaces, common amenities, earmarking area for Economically Weaker Section, Low Income Groups etc. and it is for the developer to submit the plan conforming to the concept of integrated township and take up construction with his own investment. The whole selection process is expected to take about three months, it is said. HUDA would provide the external infrastructure such as approach roads, electricity, water Supply, drainage etc up to the project site.
In the prevailing market, HUDA expects about Rs.1.5 crore per acre. After the developer recovered his investment by marketing the plots and houses through various agencies, the surplus would be shared between the HUDA and developer in the ratio which would be fixed by the HUDA Board. Each township is to be developed within a time frame of three years.
An integrated township with residential, commercial, office complexes, multiplexes, entertainment and recreation areas, amenities like schools, hospitals, graveyards would be a self-sufficient entity generating employment opportunities and catering to employees of IT and other sectors located in the area. HUDA proposes 22 integrated townships along the 162-km ORR to be taken up in a phased manner.
