The state government is going to begin auctioning land for public and private buyers at the upcoming Smart City Project in Ranchi’s HEC area to garner investment for the proposed state-of-art township, the urban development department announced on Wednesday at an introductory webinar.
State urban development secretary Vinay Kumar Choubey said that so far, the government had spent around Rs 800 crore on creating key facilities like a drainage system, a command and control system and a convention centre.
He said Ranchi Smart City Corporation Limited (RSCCL), a special purpose vehicle created for the project, is now getting ready to auction land to invite investments for asset creation. “Today’s (Wednesday) webinar was an interactive effort to apprise people about our intentions and explain why investing in Ranchi’s Smart City plan will be a great opportunity for the future,” he said. The Smart City project is spread over 657 acres in the HEC area. Choubey said the site will emerge as a key landmark in the coming years and is well connected. “It is hardly a 6km drive from the airport, 8km from the railway station, 2km from the international cricket stadium and is open Greenfield area,” he said, adding that as per the master plan, 37 per cent of the total area has been set aside for open space and greenery.
