The Telangana government will build approximately two lakh two-bedroom houses at a cost of Rs 860 crores, over the next fiscal year, for the shelterless in the state. Telangana’s minister for housing Indrakaran Reddy introduced the account in the state assembly on Sunday.
Considered a prestigious housing scheme, Chief Minister K Chandrasekhar Rao’s TRS government hopes to build 60,000 houses in the rural area, 40,000 in towns and one lakh in Hyderabad’s GHMC’s vicinity, with all the required basic amenities.
As per the account tabled in the House, matching funds for the housing scheme would be procured through loans from the Housing and Urban Development Corporation (HUDCO). The State budget too allotted a portion of the required money for the scheme.
For each unit of the housing scheme in the urban region, the government estimated a fixed expenditure of Rs 6.05 lakhs, out of which Rs 5.30 lakhs would be spent to build each house and Rs 75,000 to provide basic amenities. The government also estimated a fixed expenditure of Rs 6.29 lakhs for each unit of the housing scheme in rural Telangana, out of which Rs 5.04 lakhs would be spent to build the house and Rs 1.25 lakhs would be spent to provide basic amenities.
The Telangana government has thus far spent Rs 149.76 crores and built 45,129 houses for 65,446 units planned for the current 2015-16 fiscal year according to a statement.
Also read:
