Urban development minister Nawang Rigzin Jora along with minster of state (MoS) Sajad Ahmed Kichloo laid the foundation stone for construction of 524 housing flats at Muthi on Saturday.
The housing flats, which will be constructed by the Jammu Development Authority (JDA), are expected to come up at an estimated cost of Rs 122 crore.
The minimum purchasing capacity and accommodation requirements of various income groups - higher income groups (HIG), middle income groups (MIG), lower income groups (LIG) - and economically weaker section (EWS) was taken into consideration while formulating the plan of the housing flats, said a press statement.
The cost of a three bedroom-hall-kitchen (BHK) flat will be Rs 41.5 lakh, while two BHK flats will cost Rs 32.15 lakh, whereas the cost of LIG/EWS flats will be Rs 6.43 lakh, says the statement, adding that there will be 120 three BHK flats, 228 two BHK and 176 LIG/EWS flats.
Appreciating the JDA for utilising the vacant land, Jora said a plan was need of the hour in view of scarcity of land in the heart of Jammu city.
He asked the JDA officers and engineers to make judicious use of land for creating income generating assets wherever available and protect it from encroachments.
Kichloo said the JDA should focus on high rise buildings and multi-storied commercial complexes.
All possible modern facilities should be provided to the people in housing colonies and commercial complexes, he added.
The ministers also laid the foundation stone of a modern commercial complex at Muthi to be constructed at an estimate cost of Rs 18.17 crore on a premises of 6.24 kanals.
The commercial complex will have four floors with spacious car parking, modern showrooms, shop sites and big multipurpose halls.
Secretary housing and urban development Satish Nehru, vice-chairman of the Jammu Development Authority (JDA) Kuldeep Khajuria and commissioner of the Jammu municipal corporation Kiran Wattal were also present on the occasion.