Prayagraj: The city's real estate sector is set for a significant transformation, with more than 100 builders from across the country expressing interest in developing residential projects under the Prayagraj Development Authority's (PDA) group housing initiative. This overwhelming response is expected to greatly expand housing options for residents over the next two to three years.
Group Housing Initiative Attracts Builders Nationwide
PDA had invited applications from private developers to construct group housing projects on vacant land available in its residential schemes. Although the deadline for applications is June 22, as many as 104 builders from Noida, Gurugram, Delhi, Haryana, Bihar, Madhya Pradesh, and several districts of Uttar Pradesh, including Lucknow, Kanpur, Bhadohi, Azamgarh, Chitrakoot, and Banda, have already expressed interest.
The participation of reputed builders from metropolitan regions such as Noida and Gurugram marks a notable shift for Prayagraj, where apartment living has traditionally lagged compared with larger urban centres. Following the completion of the application process, PDA plans to allot land through e-auction later this month.
Expected Outcomes: 2,000 Flats and Competitive Prices
Officials estimate that 10 group housing projects will be developed, resulting in nearly 2,000 flats. With competition among a large number of developers, authorities expect housing prices to remain competitive and affordable.
Aerocity Township Progress
Alongside the group housing initiative, PDA is also moving ahead with its ambitious Aerocity Township near Prayagraj Airport. Spread over 500 hectares, the township has already received Rs 100 crore as the first instalment from the government. Once completed, the project is expected to provide housing opportunities for around 2.5 lakh people.
Official Statement
PDA vice-chairman Rishi Raj stated that the strong response from builders reflects the growing demand for housing in the Kumbh city and indicates that residents will soon have far more choices when purchasing a home. He added that efforts are underway to complete all formalities on time so that construction can begin at the earliest.
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About the Author: Rajeev Mani has been working in TOI's Prayagraj bureau for the past two decades, handling beats from education to excise and taxation to aviation. He loves travelling, singing, and meeting people, especially academics. He has extensively covered two Ardh Kumbhs (2007 and 2019) and two Maha Kumbhs (2013 and 2025) along with different assembly and General Elections.
