Mysore Urban Development Authority (MUDA) Proposes New Housing Project with Landowner Partnership

Mysore Urban Development Authority (MUDA) Proposes New Housing Project with Landowner Partnership

The Mysore Urban Development Authority (MUDA) is planning a new residential development project on approximately 1,000 acres of land. This project will involve a unique partnership with farmers and landowners.

Key Details:

• Project Goal: Develop residential plots on 1,000 acres of land.
• Land Acquisition:
  • Partner with farmers and landowners through a 50:50 joint venture.
  • MUDA has identified 250 acres in Daaripura village and 750 acres in Bommenahalli village for initial development.
  • Farmers will receive developed plots in exchange for their land.
  • MUDA will offer an advance of ₹10 lakh per farmer, adjustable against the developed plot.
• Project Benefits:
  • Expected to yield approximately 12,000 residential plots (18 plots per acre).
  • Marks MUDA’s first-ever 50:50 joint venture development project.
• Project Status:
  • MUDA has received consent letters from a significant number of farmers (specific percentage not mentioned).
  • A meeting with the government is planned once 50% of consent is secured.
  • MUDA is prepared to begin development with as little as 100 acres of land under the joint venture.
  • Last allotment of sites by MUDA was in 2017.

MUDA is confident that this partnership model will be successful and will allow them to develop much-needed housing plots for the city.

 

 

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