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Gurgaon: HUDA gets Rs 605 Crore

The Haryana Urban Development Authority (HUDA) has received nearly Rs605 Crore while the requisite amount for the development of HUDA sectors is approximately Rs 890 Crore.

 

This capital will be used to set up proper storm water drainage system across new sectors (which range from Sector 81 to Sector 98), construct a flyover at Subhash Chowk and to repair road which connects to Surajkund and the Mehrauli-Gurgaon Road. Moreover, capital will also be required to built the Kost Nallah (Drain) with RCC box drain. This will expand from Sector 58 and extend towards Sohna Road, Gurgaon.

 

Favista’s view: Considering that a number of residential projects in Gurgaon as well as commercial projects in Gurgaon are under construction, this infrastructural steps will be welcome by developers as well as investors.

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