Tuesday, March 22, 2016

The Largest Budget Allocation for 2BHK Housing Scheme

The Telangana Government's flagship programme-2 BHK for poor would have the third largest allocation after irrigation and water grid (mission Bhageeratha) in the 2016-17 budget. The Government has already decided to allocate Rs 15,000 crore each to Irrigation and Water Grid from the next financial year.

Read: How to apply for Telangana Housing Scheme in 2016

Telangana housing department finalized proposals for the construction of 2 lakh houses at a cost of Rs 14,664 crore. As Cheif Minister K Chandra Shekhar Rao has already made a promise that one lakh houses would be built in the GHMC area alone this year, Rs 7,750 crore budget has been finalized for the purpose.

Construction of another one lakh houses would be taken up in all Assembly Constituencies (Other than GHMC) by allocating Rs 6,914 Crore. At least 60,000 houses would be allotted to villages and the remaining 40,000 given to the poor in urban areas in districts. Telangana Housing Minister Indra Karan Reddy said that proposals were also prepared to construct 55000 houses under centrally sponsored Indira Awas Yojana (IAY) scheme at the cost of Rs 527 crore and another 18,672 houses with Rs 193crore under PM Awas Yojana scheme.

The Minister said that proposals would be forwarded to the Chief Minister after holding final round of meeting with the housing officials of all district. From this year, no specific funds would be allocated for indiramma housing scheme launched by the previous Congress Government in the undivided state. All the pending bills will be cleared from the unused funds in the previous budget.

2BHK Application Download

A special Scheme also planned to dispose off all apartments constructed under 'Rajiv Swagruha' scheme and lying idle in view of mounting interest burden on loans taken under the scheme from the banks.

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