Nation Current Affairs 09 Nov 2017 Speed up EWS quarter ...

Speed up EWS quarters work: KJ George

DECCAN CHRONICLE.
Published Nov 9, 2017, 6:32 am IST
Updated Nov 9, 2017, 6:32 am IST
The EWS quarters project has not taken off for years due to various reasons.
Bengaluru Development Minister K.J. George
 Bengaluru Development Minister K.J. George

Bengaluru: Bengaluru Development Minister K.J. George directed BBMP authorities to complete all formalities soon to pave way for the construction of housing facility at Ejipura. The BBMP has entered a Memorandum of Understanding with Maverick Holdings to develop Economically Weaker Section (EWS) quarters at Ejipura to provide housing to 1,512 families and to build a commercial project, on the lines of Garuda Mall.

Garuda Mall is a Public Private Partnership between the BBMP and Maverick Holdings. However, the BBMP's share of commercial space and parking lots too are being maintained by Maverick Holdings. The EWS quarters project has not taken off for years due to various reasons and there has been a growing demand from the occupants of EWS quarters. All the 1,512 families have been evicted by issuing a proper title certificates. 

 

Maverick Holdings will develop little over half of the 13.5 acres to house EWS quarters. It will build 1,640 units, each measuring 340x360 sqft. The company has committed to maintain the residential units for 30 years. In return for building residential units, the investor gets to develop half of the remaining 6.5 acres for itself and the remaining to build a commercial complex for BBMP use to earn rental income.

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Location: India, Karnataka, Bengaluru




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