Outlook Money OLM December 2017 Issue | Page 83

Education Hub developing flats under affordable housing scheme. Kota is attracting developers and investors alike with slew of latest investments Infrastructure Growth Army Area Kota Zoological park Manpura Godavari Dham Kota SFC Captive Power Plant Development indicators Booming Kota ■ The city will get assistance of `1000 crore in next five years under Smart City Project ■ Railway station area and Mala road are promising destinations for real estate developers ■ The Delhi-Mumbai Industrial Corridor passes through the city ■ ■ The government is working on interlinking several rail lines including, Katni - Bina - Kota and Udaipur - Chittaurgarh– Kota Every year, close to two lakh engineering aspirants move to Kota to prepare for competitive examinations ■ The presence of several industries in Kota have made this city economically prosperous in last few years ■ Ajmer/Nasirabad-Devli and Devli- Kota (NH-12) links to be developed Kota is one of the industrial hubs in northern India, with several chemi- cal, engineering and power plants based within the city. The total num- ber of industrial units in the district from 2010-11 stood at 12908 with 705 registered units Kota City will be receiving `1,000 crore in next five years under the smart city project which would be distributed to augment and boost the green belt, the city’s roads, sewerage system, tourism develop- ment, water supply network, parking system, gardens and other develop- ment projects. The Delhi-Mumbai Industrial Corridor which will pass through Kota will act as a key driver in growth of trade and investments in the region. As the city will get benefited from the east-west cor- ridor highway project and the invest- ments coming to their door steps, the demand for real estate, both residential and commercial, will also grow rapidly. The Ajmer/Nasirabad-Devli and Devli-Kota (NH-12) links will further undergo development. The proposal to interlink several rail lines including, Katni - Bina - Kota and Udaipur - Chittaurgarh– Kota will not only enable connectivity but also give a rise to the flow of capital in the city. With the Smart City tagline under its belt, Kota is all set to witness ex- ponential growth in the low cost real estate segment. Affordable Housing In Kota Developers Name Location Shree Pvt Ltd Near Station Area 25 Lakh KRP Industries Ltd Mala Road 28 lakh KRP Industries Ltd Mala Road 36 lakh Direct Logo Price range (`) IFAN (Independent Financial Associates Network) is a web- enabled distribution platform of Reverse Logo IFAN Finserv Pvt. Ltd. (ifan.co.in) www.outlookmoney.com December 2017 Outlook Money 81 B&W Logo