Ranchi Development Authority

Ranchi housing authority (presently, Jharkhand State Housing Board) is presently on the verge of developing several multi-storied apartments on 42 different plots all throughout Ranchi, and other neighborhood areas like Bokaro, Daltonganj, Jamhedpur, Dhanbad, and Hazaribag. Around 40,000 flats will be constructed. Apartment plots will be in between 0.2 - 25 acres. The housing authority will also be setting up several commercial complexes within Ranchi and surrounding regions.


Within the boundary region of Ranchi, there are around 19 plots at regions of Argora, Harmu, and Bariatu. This also includes a 15 acre plot at Chhota Govindpur. The housing board is taking initiative to construct multi-storied apartments and residential complexes to provide proper accommodation option for every resident. Focus is given on poor and backward class people of the society. The entire range of residential & commercial complex projects is under a certain conversion scheme.


According to the conversion scheme, public/private builder concerned will carry out construction and development phase of the plot while keeping a certain agreed part of the particular property. Valuation of the property will be decided jointly by developer/builder and Ranchi housing authority. While deciding on valuation of property, the present real estate market rates are taken into consideration.


At present, project development work has begun for 800 residential units approximately. The total land allotted for housing construction at Bariatu is 9.63 acres. Work has started on this project. Another project that comprises of residential apartments along within commercial stores within a single complex has also started. The locality is same. The total land area measurement of this residential cum commercial project is 2.5 acres approx. It is located next to main road. Commercial complex will feature the ground and first two floors and will be developed at the frontal side of the complex. As far as the residential complex is concerned, it will be 8 storied and the total number of flats will be 103. When consulted with private builders, they have agreed to provide 34.5% & 28.2% of the total built-up areas of the entire project to Ranchi Housing Authority (includes both residential as well commercial complexes).


As per the guidelines of Ranchi Housing Authority, the commercial as well as residential units will go under construction. The housing board will monitor construction phases thoroughly. The complex will feature every basic amenity, while focusing primarily on inclusion of ample green space.


According to Ranchi Development Authority, Bariatu complex featuring 800 flats should be completed with development stage before National Games, 2007. The main reason behind this is that all the participants of National Games will be accommodated there. Bookings will begin soon and the remaining 40 plots will also go under the development phase very shortly.


Around 20,000 residential properties can be constructed in the 19 plots available with Ranchi Housing Authority. Apart from 19 plots available in Ranchi, there are 6 available in Jamshedpur. Among these 6 plots, there is one available of 15 acres. Daltonganj also has a plot of approximately 25 acres.


For further information, please contact:


Ranchi Housing Development Board

RIADA BUILDING

5TH FLOOR, NAMKUM INDUSTRIAL AREA,

RANCHI

Website: http://www.riada.in


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