Chief secretary Ashok Kumar Sinha on Thursday cleared the proposal of Bihar State Housing Board to develop around 25,000 new flats in the state, two months after his predecessor Navin Kumar returned it.
A senior Bihar State Housing Board (BSHB) officer said: “The managing director of the board made a presentation before the chief secretary on six projects, including those for the state capital. Subsequently, Sinha gave his nod to those. Now, they would be tabled before the state cabinet for the final nod. Thereafter, their execution would start.”
Around 15-20 per cent of the new tenements would be economic weaker section (EWS) and lower income-group (LIG) flats, said a source in the housing board. The rest would be middle and high income-group flats, he added.
The board of BSHB had given approval to the schemes of construction of around 25,000 new flats, including 10,000 in Patna, in public-private partnership (PPP) mode in a meeting on November 28 last year. The state finance department cleared them in the first week of March, this year. But the former chief secretary returned the proposal citing loopholes in the third week of August.
Subsequently, BSHB prepared a fresh proposal and got it cleared by the finance department and the infrastructure development authority before presenting it before the chief secretary.
The housing board would provide land to developers for executing the proposed projects in PPP mode. The commercial buildings would be leased out to the developers for 66 years. But the board would retain the land ownership of the residential complexes. It would share only the sale proceeds with the developers.