The Uttar Pradesh Government has invited bids for the development of townships in the state, envisaging a minimum investment of Rs 1,000 crore for each project.
The bids from the developers have been invited by the state government in pursuance to the New Townships Policy, which aims at creating new housing stock, facilitating and creating an enabling environment for attracting maximum investment in housing and infrastructure development.
The entire land for the project is likely to be acquired by the government agencies and transferred to the developer company on lease for 90 years with the right for further sub-lease.
The state government has also promised to provide single window clearance to the DPR within 30 days of submission.
The last date for submission of bids is 23 September 2009.
Source : ProjectsToday
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