Kamrej-Palsana stretch soon to be construction hub
TNN | Feb 26, 2019, 04:00 IST
Surat: In a first for the state, 30.96 sq km on both sides of the Kamrej-Palsana stretch along the National Highway passing through Surat, is set to witness massive infrastructural development soon. The new development plan (DP) by Surat Urban Development Authority (SUDA) envisages development of residential and commercial projects within a decade on 52 sq km area on both sides of Kamrej-Kadodara stretch of NH8. This will meet Surat’s housing needs for 1.2 crore population by 2036.
Under the new SUDA DP notification, one sq km area on both sides of the NH8 on the stipulated stretch is marked for development and all the villages falling in this area are put under SUDA area. This means SUDA will approve all the projects taking place here. Developers will get a regular Floor Space Index (FSI) of 1.8 and 0.9 of paid up FSI for the development .
Regional Commissioner of Municipalities and CEO of SUDA, Amit Arora said, “This stretch has huge potential for industry, commerce and residences. Dedicated freight corridor, Outer ring road, government Logistic Park among others are coming up in the vicinity. With the development of radial roads and 90-metre-roads to connect the whole peripheral area with Surat city, there is immense potential to develop even education and skill development hubs here. We can capitalise this area which will be next big thing for Surat in 2030-40.”
Large number of developers have already started purchasing land for residential development here. Former chairman of Surat CREDAI, Velji Sheta said, “With land at a premium within the existing Surat city limits, the next area to come up for development, after the outer ring road, will be the stretch along NH8.” He further said that with the Mega Logistic Park planned here, it would not be surprising if major portion of the textile industry too shows interest in the new development.”
Anuj Puri, chairman ANAROCK property consultants, said: “It is an established fact that scheduled infrastructure projects tend to increase value of properties in the adjoining areas. However, with new infrastructure development like an airport or metro corridors, factors that may adversely affect demand for high-end residential properties and and profitability are increased noise and crowding.”
Under the new SUDA DP notification, one sq km area on both sides of the NH8 on the stipulated stretch is marked for development and all the villages falling in this area are put under SUDA area. This means SUDA will approve all the projects taking place here. Developers will get a regular Floor Space Index (FSI) of 1.8 and 0.9 of paid up FSI for the development .
Regional Commissioner of Municipalities and CEO of SUDA, Amit Arora said, “This stretch has huge potential for industry, commerce and residences. Dedicated freight corridor, Outer ring road, government Logistic Park among others are coming up in the vicinity. With the development of radial roads and 90-metre-roads to connect the whole peripheral area with Surat city, there is immense potential to develop even education and skill development hubs here. We can capitalise this area which will be next big thing for Surat in 2030-40.”
Large number of developers have already started purchasing land for residential development here. Former chairman of Surat CREDAI, Velji Sheta said, “With land at a premium within the existing Surat city limits, the next area to come up for development, after the outer ring road, will be the stretch along NH8.” He further said that with the Mega Logistic Park planned here, it would not be surprising if major portion of the textile industry too shows interest in the new development.”
Anuj Puri, chairman ANAROCK property consultants, said: “It is an established fact that scheduled infrastructure projects tend to increase value of properties in the adjoining areas. However, with new infrastructure development like an airport or metro corridors, factors that may adversely affect demand for high-end residential properties and and profitability are increased noise and crowding.”
All Comments ()+^ Back to Top
Refrain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks, name calling or inciting hatred against any community. Help us delete comments that do not follow these guidelines by marking them offensive. Let's work together to keep the conversation civil.
HIDE