prayagraj recovering from the slow pace of the economy after the pandemic the real estate sector in prayagraj is now ready for a bounceback realtors have proposed an investment of rs 4000 crore in the sector including 29 housing projects in and around the city in the next five yearsamong different investment proposals the sai dham group has offered the highest investment of rs 700 crore for seven housing projects likewise vinayak group has proposed a project of rs 595 crore omaxe rs 500 crore goyal housing rs 420 crore and paras group rs 380 croreaccording to the applications received by the prayagraj development authority pda 29 small and big housing schemes will be made in two years all the proposals will be placed in the upcoming global investors summit all the proposals have been uploaded on the pda portal before the meet all these proposals will be placed in the upcoming up global investors summit set to be held in lucknow in february said pda secretary ajeet kumar singh officials said that all the proposals by 10 real estate firms have been uploaded on the pdas official portal in the runup to the global investors meet district magistrate sanjay kumar khatri had held a meeting with the pda officials recently on the proposals to be kept in the summit singh has been made the nodal officer for this officials claimed that plans are to provide more than 1000 jobs in the real estate sector in the coming months details of the proposed real estate housing schemes and the employment to be generated through these initiatives would also be kept in the investors summit officials said that most of the firms have already bought land for their proposed projects while others are in the process of doing so officials claimed that to help in the infrastructure development pda was even considering selling its own chunks of land to these real estate firms including two lands located on noorullah road and near nehru park earlier pda was planning to construct its own housing schemes at these sites the land available near nehru park has also been sought to construct a sanskrit university these housing schemes would be located at the outer areas of the prayagraj city most of these investors have either purchased the land or in the process of doing so