Rajasthan government to cancel land deals

Rajasthan government to cancel land deals
04/12/2017 , by , in News/Views

The state government has given nod to cancel eight land allotments of proposed investors, including Apollo Group, who inked the Memorandum of Understanding (MoU) with Jaipur Development Authority (JDA) during Resurgent Rajasthan-2015.

Including these eight allotments, the state government has by far cancelled 11 proposals as these investors have expressed disinterest in purchasing land on a price quoted by the Jaipur Development Authority (JDA).

According to a senior UDH official, “The JDA has asked permission from state government as these investors were showing lukewarm response. Approval has been given to cancel allotments of eight other organisations as they were not showing interest to invest. Earlier, we have cancelled the land allotments of three more organisations.”

It is informed, the Apollo Group, which signed an (MoU) with state government to construct a multispecialty hospital in Vaishali Nagar after investing Rs 250 crore is backed out. The group demanded to reduce the amount of investment and asked JDA to allot its prime land at cheaper rates.

According to the sources, the JDA inked MoU with 44 investors who proposed to invest to develop hospital, education institutes and hotels. Following state government’s directions, JDA approached these investors several times. However, they have not shown much interest in setting up establishments in Jaipur.

Earlier, the JDA cancelled the land allotments made to three organisations after it showed disinterest to purchase land. The name of these organisations includes Ayurveda Integral Foundation, EGIS Healthcare Services Private Limited and MB Shiksha Samiti. These organisations had proposed to invest nearly Rs 400 crore.

The JDA had allotted 10,000 sqm land to Ayurveda Integral Foundation in Vidhyadhar Nagar. The foundation has proposed to developed multi-speciality hospital, medical training health centre, health IT centre after investing Rs 100 crore. It also proposed to generate employment for 650 residents. However, the firm refused to purchase land claiming JDA is charging higher rates.

The EGIS Healthcare Services Private Limited too did not show any interest to invest in the state capital. The group had proposed to construct a hospital after investing Rs 190 crore, where employment to 1,000 people could be provided. For the same, the JDA has allotted land to the firm in Ramchandrapur in zone-9, which was later cancelled.

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