Time to implement electoral promises: K Chandrasekhar Rao focus on 2BHK

Hyderabad: After the farm loan waiver, the next electoral promise Chief Minister K. Chandrasekhar Rao and his government must keep is providing two-bedroom homes to weaker sections, each costing Rs 3 lakh.

The Chief Minister is reportedly keen to get the much publicised housing scheme off the ground and has instructed officials to work out the modalities.

Sources said that the government will give preference to the poorest of the poor who live in thatched huts or are homeless.

The beneficiaries will be identified by a committee. According to conservative estimates, the demand will be for six lakh houses in rural areas. At the rate of Rs 3 lakh per house, the budget required for a five-year period is Rs 18,000 crore!

In urban areas, 22 lakh houses will have to be built, bringing the total to about 28 lakh houses. The government plans to give priority to rural housing and extend it to urban areas in phases.