Rs.1,000-cr loan, investor land discounts on agenda for LDA board today
LUCKNOW, Nov. 2 -- A proposed Rs 1,000-crore bank loan for two housing schemes and concessional land allotments to private investors will be among the key proposals before the Lucknow Development Authority (LDA) board at its meeting on Monday.
The loan is proposed to finance the Varun Vihar and Naimish Nagar housing schemes. The board will also consider a framework for offering land at discounted rates to private investors setting up schools, colleges, hospitals and other projects. The discount structure will be decided after assessing the authority's investment and expected returns.
On the planning front, the board will consider Phase 2 layout approvals for Varun Vihar and Naimish Nagar.
The board will also examine financial provisions for projects submitted to the Union Ministry of Housing and Urban Affairs, besides considering compensation rates for farmers under Prabandh Nagar in compliance with a court order.htc...
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