[ecis2016.org] Over Rs 90 crores have been spent on smart city projects in Karnataka, the state’s urban development and housing minister said, adding that the creation of special purpose vehicles was the main cause of delay in implementing the project in some cities
Karnataka’s minister for urban development and housing, UT Khader, on December 12, 2018, said that Rs 91.34 crores have so far been spent on seven cities in the state that have been selected under the Smart City project. The central and the state governments have each earmarked Rs 886 crores, for the project.
You are reading: Over Rs 90 crores spent on smart cities in Karnataka: State housing minister
Read also : A Guide to Cap Rate and Valuation Of Property
Responding to a query from BJP MLA KS Eshwarappa during question hour, the minister said new guidelines and rules have been framed under the project and creation of special purpose vehicles for it, have been the cause for the delay in its implementation in the seven cities – Belagavi, Davangere, Hubballi-Dharwad, Shivamogga, Mangaluru, Tumkuru and Bengaluru. Noting that the central government had launched the Smart City project in June 2015, Khader said this was different from other projects, as it required introduction of new rules, which required more time.
[ecis2016.org] Over 200 affordable housing projects planned under the Smart City Mission in Karnataka: CBRE
Read also : Horamavu property market: An overview
Also, cities were selected for the project in various rounds and consultants have been appointed in all the cities, he said. Further, detailed reports on the project were underway and work was on in all the cities but in some of them, the project was at the nascent stage, the minister said, adding that special purpose vehicles have been set up in all the smart cities. To this, several BJP leaders including opposition leader BS Yeddyurappa, Jagadish Shettar and Eshwarappa, stressed the need for a supervisory committee to oversee the implementation of the project.
Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org
Source: https://ecis2016.org
Category: Lifestyle