Wednesday 28 September 2011

Sahastradhara Dehradun IT Park to have a Housing Colony

Written by Anil Singh

If the Uttarakhand Government plans don’t hit a roadblock now, then there will be a housing colony inside the IT Park Sahastradhara Dehradun.

According to reports, the Uttarakhand government-owned ‘State Infrastructure and Industrial Development Corporation of Uttarakhand Limited (SIDCUL), has decided to construct a housing colony at its 67 acres IT Sahastradhara Park Dehradun.

A total of 14 acres of land has been allocated for the housing colony, an allotment that has surprised many as SIDCUL earlier this year had got the IT park de-notified from the SEZ category. Notably, the government had been facing problems in constructing the IT park especially after the 2008 global financial crisis. Since 2006, only 22 industrial units have been allotted land inside the IT park. Out of the 22 units at the IT Park, 5 have already been set up and 8 others are under construction.

The Chief Minister B C Khanduri has informed that SIDCUL has already started fresh allotments at a price of Rs 6250 per sq meter (That CHEAP!) for the purpose. The housing colony, which is meant for people working at the IT Park, is expected to be fully constructed in an year.

Important developments wrt the IT Park Sahastradhara Dehradun in recent times are:

1) SIDCUL this year decided to withdraw from a joint venture company with IDEB, a private company, for the construction of IT tower. The SIDCUL had already served notices to IDEB to end the lease deed.

2) IDEB last year formally decided to back out of its JV with SIDCUL in the wake of the global financial crisis.

3) After showing door to the IDEB, the SIDCUL appointed IDFC as the consultant of the IT park. The IDFC has recently submitted its report on a series of recommendations on the IT park. Under the new plan, SIDCUL would construct an IT tower, an incubation centre, a flatted factory and a finishing school for the training of SC/ST workers.

4) But ending IDEB contract has put the fate of the old IT tower uncertain. The building which was under the process of construction when it was abandoned had already siphoned an investment of Rs 14-15 crore till then .

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