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Construction : Project Update | April 2016 | Source : CW-India

State to build 4 lakh houses

The state government plans to introduce highly subsidised housing scheme, under which beneficiaries will get a two-bed room flat for Rs 3.5 lakh. The government will spend Rs 5.5 lakh per flat, but will collect only Rs 3.5 lakh from each of the allottees. The proposed housing programme will cost the exchequer Rs 16,000 crore. The apartment complexes will be developed on government land in all towns and major villages. The government has proposed to build about four lakh houses including two lakh houses in urban areas.

Contact: Government of Andhra Pradesh.

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