Contentious proposals for housing scheme get nod

Contentious proposals for housing scheme get nod
02/06/2018 , by , in News/Views

The standing committee of the Vadodara Municipal Corporation (VMC) passed the controversial proposals clearing the deck for the existing bidders for the Sanjaynagar housing scheme at Warasiya. The proposals were brought, after the civic body sought a legal opinion from a retired Supreme Court judge.

The standing committee on Friday allowed a proposal by the VMC commissioner seeking the reinstatement of WAPCOS Ltd as the project management consultant. The agency was shown the door after alleged irregularities had come to light in the housing scheme.

The irregularities that the VMC administration had highlighted included that of the partners of the realty joint venture (JV) changing stakes in the JV. While Narayan Realty Pvt Ltd had a 51% stake in the JV, SaiRuchi and DMC Infra Developers had 49% stake. This was changed to 15% stake of Narayan Realty and 85% stake of SaiRuchi and DMC Infra Developers after the bid for the project got through.

As many as 2,637 houses will be constructed at Kishanwadi as a part of the project. The housing scheme will come up under the Pradhan MantriAavasYojana (PMAY). The houses that will come up at the site include 1,841 dwellings for Sanjaynagar residents that were razed last year.

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