The MoU was signed between Himachal Pradesh Housing and Urban Development Authority (HIMUDA) and Asian Pacific Singapore Enterprise in the presence of Urban Development and Town and Country Planning and Housing minister Sudhir Sharma during a meeting here.
Presiding over the meeting of delegates of the Singapore Cooperation Enterprise (SCE), government of Singapore and senior officers of the HIMUDA, Sharma said development of a smart integrated township near the state capital was an ambitious project of the government which would go a long way in decongesting the highly populated city.
He said HIMUDA has acquired 32 hectare land for developing this township at Jatiadevi which was connected by three national highways.
"The preliminary MoU has been signed today for this project which will be expanded soon after detailed discussions between the two governments and the state is also looking forward to explore possibilities for expanding this MoU for more housing projects in the state as well", the minister said.
Kevin Chong, Director, Asia Pacific said SCE was very keen to assist HIMUDA in the project and the new township would be developed in a cost effective manner, smartly with Asian concept.
He said the township would be developed as per the expectations of the state government and taking into consideration the topography and other conditions of this hilly state.