Five firms qualify to develop townshipshttps://indianexpress.com/article/cities/lucknow/five-firms-qualify-to-develop-townships/

Five firms qualify to develop townships

Five firms have technically qualified for developing townships in different cities of Uttar Pradesh.

Five firms have technically qualified for developing townships in different cities of Uttar Pradesh.

The list of developers along with the townships they will develop are: DLF to develop a township in Lucknow,Mumbai-based Sunil Mantri Realty Limited to develop a township in Gautam Buddha Nagar,Eldeco and Shristi Subash Ratna,both qualified for Kanpur,while Super Tech has qualified to develop a township between Meerut and Ghaziabad.

“A draft of Request for Proposal (RFP) for township project is under preparation. It would be sent to these five firms soon,following which they will provide detailed information about their township plan,” said Arun Kumar Sinha,Principal Secretary,Housing and Urban Planning department.

These details would relate to the actual location of the proposed township,its area,rate of compensation against land acquisition,cost of project,services to be provided inside the township and the premium that the developer would pay to the state government. The minimum area of the township would be 1,000 acres.

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Sources said the RFP drafts would be sent to the developers within a week and they will be given at least two months to submit their details.

In June last year,the state decided to develop new townships with the help of private developers. Feedback Ventures was appointed as consultant to execute the project and support in finalising the developers for the new townships.

On August 24,the state government invited offers from private developers,but owing to a poor response,the government revised the deadline several times. Till January 23,it received seven offers. In the meantime,the government revised the New Township Policy to make it more attractive for developers. The bids for these firms were evaluated recently and five of them were declared qualified. In February,Feedback Ventures withdrew itself as consultant from this project as no headway had been made in the last four months.

“As of now,no new consultant has been appointed. But offers would be invited soon from 10 consultancy firms from the Central panel for appointment as consultant,” said an official.