"These apartments will be built on public-private partnership (PPP) model," VUDA Chairman Naranbhai V Patel said.
Talking to PTI here today , Patel said, "Gujarat Finance and Energy Minister Saurabhbhai Patel will lay the foundation stone for these multi-storeyed structures at the same site on Friday, November 14".
An Ahmedabad-based N A Construction company has been awarded the Rs 25-crore contract to construct these multi-storeyed structures, Patel said.
"The government has approved the structure of a seven- storeyed (not more than 40 metres) building. The builder will be allowed to construct seven floors with an FSI of three as some space has also to be left around the constructions," he said adding that authorities have also laid down a 10-year-guarantee condition for the developer.
More From This Section
Developers will be responsible for maintenance and repair of the structure for ten years, while VUDA would also employ third party inspection to ensure quality of construction at every stage.
He said that these multi-storeyed structures would have several facilities which were not available in the two towers called Madhavnagar and Keshavnagar, which had collapsed.