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Construction : Web Exclusive | March 2013 | Source : Construction Update

Karnataka govt launches housing scheme

Karnataka government launched ‘Innovative Housing Scheme’ in order to provide homes for people residing in rented houses and with income below Rs 84,000. The state government has earmarked 60 acre of land for the project.

Each house will have an area of 300 sqft with one large hall, one bathroom, one room and a sit out. The houses will be built at an expense of Rs 6.75 lakh each, of which 2.75 lakhs will be funded by the centre. The rest of the amount will have to paid by the beneficiaries by availing bank loans.

The state government would distribute 6,000 applications for the beneficiaries in KR constituency in the first phase of the scheme.

The scheme is also intended to benefit people with disabilities, widows, parents with students studying in government schools, auto-drivers and ex-servicemen.

It is learnt that depending on the success of the scheme launched on a pilot basis, the scheme will be launched in all districts of the state.

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