Kanpur: Kanpur Development Authority (KDA), in its board meeting held here on Friday, decided to reduce the cost of 5,600 unsold flats raised under various schemes.The board members also passed a Rs 25.15 billion budget in the meeting and decided to undertake development work at the cost of Rs 1,291 crore in the current financial year, raising the budget by 70%. Last year, KDA had spent Rs 640 crore.Divisional commissioner Vijayendra Pandian, who chaired the board meeting, said that around 5,600 flats of 10 schemes remain unsold, and will now be sold on reduced rates which will be calculated on the price of year 2018. Thus, the rates of these flats will be reduced from 4.60 to 23.19% and will be available in the range of Rs 8.86 lakh to Rs 28.50 lakh. The possession will be given on deposition of 20% of the cost of EWS flats and 25% of flats in other schemes. KDA would earn Rs 1,400 crore from sale of those flats, he said adding camps will be held for these flats.The proposals approved at the meeting included a bus stand at Jawaharpuram to connect Shatabdi Nagar and a super-speciality hospital at Macrobert Ganj .A dispute over land of Ghantaghar in Swarup Nagar between KDA and Kanpur Municipal Corporation too was settled. The KMC would raise a women’s market. KMC would raise two basement and four-story buildings at the cost of Rs 190 crore on this land and would share 15 percent of income with KDA, the commissioner said.Under the greater scheme 2031, the city had been divided into 18 parts. The board has also passed the proposal to increase map fee and development fee, Pandian added.
