Published On : Wed, Mar 29th, 2023

Rs 1,213.96 crore NIT budget presented for 2023-24, many development projects announced

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Nagpur: The Chairman of Nagpur Improvement Trust (NIT) Manojkumar Suryavanshi on Tuesday presented a budget of Rs 1,213. 96 crore allocating for various projects for 2023-24 in the meeting of Board of Trustees.

The NIT is partnering with Nagpur Municipal Corporation (NMC) for joint development of Gokulpeth market. A building owned by NIT on West High Court road is proposed to be demolished while the civic body owns the adjoining land on which the vegetable market is based. The two plots are likely to be amalgamated for full-fledged leveraging of additional FSI for a bigger and swankier marketplace that would provide a one stop solution for citizens in West Nagpur.

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A meeting of Board of Directors of NIT was held on Tuesday wherein an outlay of Rs 1,213.96 crore was finalised for the financial year 2023-24. Manojkumar Suryavanshi, Chairman, NIT, presided. Radhakrishnan B, Municipal Commissioner & Administrator NMC, Dr Vipin Itankar, District Collector, both ex-officio Members, Mohan Mate and Sandip Itkelwar, bothTrustees, along with Supriya Thool, Joint Director, Town Planning, were present at the meeting.

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As per the details released by NIT, the Capital surplus in the budget is of Rs 679.13 crore, while Revenue surplus is of Rs 55.70 crore. The Board decided to allocate Rs 1,210.75 crore for development works. An outlay of Rs 77.35 crore is approved for development of roads, construction of compound wall, development of sports ground, cement concrete roads. The other new works that are proposed for the next financial year include a new market development, exclusively for vegetables, in North Nagpur where several new colonies have come up.

The market would streamline supply of vegetables to the vast population as new colonies have emerged on the fringes of the city. A provision of Rs 20 crore is earmarked for development of facilities in sports grounds. The meeting was informed by the Chairman that Rs 100 crore DPR for upgradation of sports ground was received by NIT and in the first phase, a small allocation was made.

Similarly, a Sports Park is also proposed by NIT. For development of sports stadium at Harpur, Rs 10 crore is allocated. Another new development in South Nagpur is the proposal for a stadium for Divyang. At Ambazari, a leisure park is proposed to be developed by NIT. For this project, a sum of Rs 5 crore is earmarked. Another project identified for Ambazari is the Light and Sound show. Also, five e-libraries are going to be developed along with an exhibition hall.

A swimming pool is on cards at Dr Babasaheb Ambedkar Sports Park, Ahuja Nagar, North Nagpur. NIT is also going to start construction of a market at Kalamna in Ashirwad Nagar. For this, a provision of Rs 10 crore is made in the budget. Also, Rs 5.30 crore is earmarked in the budget for ongoing work at Sant Jagnade Maharaj Smarak at Nandanvan Square.

NIT expects revenue of Rs 200 cr from building housing units
The Board was informed by NIT officials that they expect revenue of Rs 200 crore from construction of housing units and Rs 90 crore through interest. Also, it expects to receive Rs 60 crore for various works. Under Gunthewari Act, the agency is expecting revenue of Rs 160 crore from 572,1900 residents of undeveloped layouts. NIT will use the money for rolling out civic amenities and spend Rs 355 crore. Similarly, Rs 275 crore will be utilised for several road works and Rs 201.11 crore for internal use at divisional offices.

Dr Ambedkar National Park
Facing criticism over its stance on development of the proposed Dr Babasaheb Ambedkar National Park in North Nagpur, NIT Board of Directors decided to seek Expression of Interest (EoI) for development of 129.46 acres land. The land is spread on Khasra no. 161, 162 (part), 164 to 175, 203 and 211, 212, 213 at Mouza Nara. The EoI is for acquiring the land and also its development later. NIT is seeking partnership with any organisation or individual as project cost is expected to be quite big.

The Board of Directors also gave approval for a user change of 0.50 Ha land parcel at Mouza Zingabai (Takli) on Khasra no. 198. The land was reserved for State Transport and now, it is being converted to residential use. Also, permission was granted for providing RG 2208.20 sq.mtr land adjoining PM Awas Yojana project on Khasra no. 12/2, 17, 18, 19 at Mouza Wanjra to Bharat Petroleum Corporation Ltd. for setting up a fuel pump. A proposal is being sent to the State Government, seeking their approval for leasing the land parcel to BPCL.

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