"The MPCA has given us in writing showing interest in land on super corridor for development of their new international stadium," said Singh, adding that soon they would issue notice for sale of land as per their guidelines and the MPCA can get that land by paying prescribed amount.
He said the IDA already has proposal to develop sport complex on 100 acre of land, out of which 35 acre of land is on the super corridor and remaining 65 acre is beyond that which the IDA has to acquire. In case of sport complex, the IDA do not has option to give certain portion of developed saleable land to farmer against their land. Thus the IDA will have to acquire the land by paying compensation. "The money that we will get from the MPCA against 35 acre of land will be used for acquisition of remaining 65 acre of land for proposed sport complex," said Singh, adding that arrival of MPCA at proposed sport complex will also inspire others to participate in proposed sport complex. They expect that arrival of the MPCA will add value to their proposed sport complex. The IDA is also planning to market it at the upcoming investors summit.
The IDA will also showcase its super corridor and medical hub at the investors' summit. "Big hospital groups like Apollo, Forties etc has shown interest in medical hub and we are expecting few more players at investors' summit," he said, adding that they are expecting good response to their proposed projects from investors at the summit.
