Rs 100-cr BDA Housing Projects

The Bhubaneswar Development Authority (BDA) is embarking on housing projects in five major locations of the capital city at a cost of Rs 80 crore to Rs 100 crore, official sources said on Saturday.
The locations include Badagada Brit Colony, Chandrasekharpur, Kalinga Nagar and Subhudipur. The BDA would make the investment for development of 1,000 dwelling units, which would be a mix of 1-BHK (bedroom hall kitchen), 2-BHK and 3-BHK flats.
These housing projects are set to be launched within three to four months and expected to be commissioned by the end of 2011.The total built-up area of the flats would range from 700 sq ft to 1,700 sq ft, and the prices of the flats would vary from Rs 7 lakh to Rs 25 lakh, depending on the built-up area. While a 1-BHK flat would comprise a built-up area of 700 sq ft and be priced at Rs 7-8 lakh, a 2-BHK flat with a built-up area of 1,000-1,200 sq ft would be available in the range of Rs 12-15 lakh.Similarly, a 3-BHK flat with a built-up area of 1,500-1,700 sqft would be priced at Rs 20-25 lakh.