- The officials will auction 25 percent of the project lands for this purpose.
- Some part of the total amount will be funded by the government and the remaining part will depend on the auction money, considering a number of project plots are in prime locations.
Karnataka chief minister Siddaramaiah presented the state budget on Wednesday. In this budget, he announced that one lakh multi-storied houses will be built in the city for poor and homeless people in the city of Bengaluru. This project will be carried out by the Rajiv Gandhi Rural Housing Corporation (RGRHC) and it is likely going to cost around ₹ 7,000 crores.
The officials will auction 25 percent of the project lands for this purpose. The urban deputy commissioner has recovered encroached government lands across the city. The DC transferred 360 acres of land to the RGRHC and the cost of construction of each flat will be around ₹ 5 lakh.
“The cost of land in the city is high and it is neither financially nor practically feasible to purchase private land to provide housing for the homeless. Recently, we floated the proposal to use the government land recovered from land grabbers to construct dwelling units for the poor as going vertical was found financially feasible,” managing director of RGRHC Munish Moudgil was quoted as saying by Bangalore Mirror.
These houses will be sold for ₹ 50,000 to the people belonging to the SC/ST category and the general category people will have to shell out ₹ 2.4 lakh.
However, the entire process is quite complicated as one still cannot be sure how viable this project will be as it is still in the papers. Some part of the total amount will be funded by the government and the remaining part will depend on the auction money, considering a number of project plots are in prime locations.
This project, if carried out, will definitely bring smiles to thousands of faces in Bengaluru but it remains to be seen how well the government carries it out.
Last Updated 31, Mar 2018, 6:58 PM