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Assam Real Estate and Infrastructure Developers' Association (AREIDA) welcomes State Budget

There will be road connectivity to additional areas through 3000 km of new roads, there will be a four-lane elevated road on Gopinath Bordoloi Road.

Assam Real Estate and Infrastructure Developers Association (AREIDA) welcomes State Budget

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  18 March 2023 4:42 AM GMT


GUWAHATI: AREIDA (Assam Real Estate and Infrastructure Developers' Association) has welcomed the state budget for 2023-24.

AREIDA president PK Sharma said the emphasis on infrastructure development and improved connectivity through new roads, bridges, waterways, and air connectivity with the provision of a viability gap under non-UDAN routes will have a tremendous impact on real estate, and the government's focus on this aspect with substantial revenue allocated is a major step in boosting economic growth.

There will be road connectivity to additional areas through 3000 km of new roads. There will be a four-lane elevated road on Gopinath Bordoloi Road. Flyovers at Cycle Factory junction, Fatasil Chariali; flyovers near Downtown Hospital; near Rajiv Bhawan at GS road; an alternative elevated road to Kamakhya temple; elephant underpasses near Deepor Beel; an elevated road across Deepor Beel between Swahid Smarak approach road and Koinadhara road at Guwahati; flyovers from Baruah Chariali to Bhogdoi Bridge at Jorhat; flyovers at Amolapatty Railway Crossing, Mancotta Railway Crossing, and Lahowal Railway Crossing in Dibrugarh Flyover from Diphu stadium to Diphu head post office at Diphu, elevated road on Silchar-Kalain road, etc.

The Guwahati Ring Road Project, with a span of about 91 km from Khanapara to Narengi via Baihata Chariali, Dumunichowki, and Kurua, will include a six-lane bridge over the river Brahmaputra, connecting Narengi on the south bank with Kurua on the north bank. Apart from these, the Dhubri-Fulbari Bridge will be looked at. A bridge over the river Brahmaputra connecting Palashbari with Sualkuchi has also been sanctioned for an amount of Rs 3197.20 crore, and work is going to start very soon.

The government is fully supporting private self-employment and entrepreneurship. The MSME Sector, through the Mukh Montri Laghu Udyog Udogani Asoni and Ashtadash Mukutar Unnoyonee Maala, aims to create self-employment in the private sector to promote microentrepreneurs among the unemployed youths belonging to BPL families and low-income households.

Income-generating activities such as trading, manufacturing, service, food processing, handloom, handicraft, agriculture and allied industries, animal husbandry, fishery, and dairy will be supported under this scheme. The government proposes to cover one lakh eligible beneficiaries, who will be provided with a one-time seed capital of Rs two lakh in tranches for starting microenterprises in the next three years.

The infrastructure is aimed at making Assam a hub of healthcare in northeast India by 2026 and will have a positive impact on the economy of the state. Waver of electricity duty for green energy will encourage rooftop solar power.

The faceless online building permission system announced is the cry of the hour, as stipulated in the Ease of Doing Business Act 2016. After remaining on paper all these years, the government has finally announced its implementation, for which we congratulate the current government. This will eliminate the scope of corruption in approvals.

The emphasis on the tourism sector will be looked at. As real estate developers, there is huge potential for the development of the core infrastructure for tourism. The Mukh Mantri Awas Yojona will be allotted Rs 800 crore to cover one lakh beneficiaries.

Focusing on the disposal of all applications received under Mission Basundhara 2.0, the completion of the survey and settlement of NC villages under SVAMITVA, making significant progress in completing a resurvey of villages and government lands across the state, the full rollout of e-khazana, which facilitates land holders to pay land revenue from the comfort of their offices and homes, and the full rollout of digital stamping across the state are innovative reforms that will be seen for the first time in Assam's government. Extending the Apun Ghar Scheme would bring in capital to the housing projects and enhance demand.

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