Now Reading: Diwali launch for Saumitra Vihar housing scheme in Lucknow
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Diwali launch for Saumitra Vihar housing scheme in Lucknow
The Story in Brief
The Uttar Pradesh Housing Board will launch the Saumitra Vihar residential scheme on Diwali this year, after nearly two years of delays. The project, located on New Jail Road in Mohanlalganj, spans 560 acres and received RERA approval and board consent. The first phase will open registrations for 2,261 plots, 2,092 residential and 169 commercial, sized from 40 to 300 square metres. The proposed land rate is Rs 2,700 per square foot, lower than nearby LDA schemes such as IT City (Rs 4,000) and Wellness City (Rs 5,100).
The scheme is being developed under the land-pooling policy: farmers who contributed land will receive 25 per cent of developed plots in return. The board said this will be the state's first land-pooling scheme to open registrations to the general public. Deputy Housing Commissioner Chandan Patel said the launch will help provide housing to a large population. The formal inauguration is expected by Chief Minister Yogi Adityanath.
Indian Opinion Analysis
The price difference against comparable Lucknow schemes (IT City, Wellness City) is the story's central offer, nearly half the per-square-foot rate of some, and will define demand. The land-pooling model, compensating farmers with developed plots rather than cash, also marks a policy shift that other state agencies may replicate. What remains unresolved is the actual launch: the board and RERA approvals are secured, but the formal inauguration still requires the chief minister's calendar, and registrations will only open after that ceremony, likely during Diwali later this month.
Source: bhaskar.com
This brief was synthesised by AI from the source linked above. Methodology and corrections.
