Nation Current Affairs 04 May 2017 Telangana plans hous ...

Telangana plans housing for middle-class

DECCAN CHRONICLE.
Published May 4, 2017, 2:15 am IST
Updated May 4, 2017, 2:15 am IST
Housing projects were stalled in undivided AP since 2008, following recession in the realty sector.
Initially, 13 projects will be taken up in selected districts, which will be identified soon.The decision was taken during a review meeting chaired by housing minister
 Initially, 13 projects will be taken up in selected districts, which will be identified soon.The decision was taken during a review meeting chaired by housing minister

Hyderabad: The state government is all set to take up affordable housing projects for middle-income groups in districts. Housing projects were stalled in undivided AP since 2008, following recession in the realty sector.

Initially, 13 projects will be taken up in selected districts, which will be identified soon.The decision was taken during a review meeting chaired by housing minister A. Indrakaran Reddy in the Secretariat on Wednesday.

 

The minister asked officials to issue the notification in this regard soon, seeking applications from the people.“These new projects will be taken up at a cost of Rs 1,066 crore. We will soon issue a demand survey notification to assess the demand for these houses. Earlier, these projects were taken up without assessing the demand due to which several MIG flats are lying vacant,” Mr Reddy said.

He added that 200 MIG flats in Kukatpally were lying vacant for which a notification will be issued soon seeking applications from buyers. Mr Reddy said that several joint venture housing projects taken up since 2004 either remained incomplete or were yet to begin. “Private JV partners owe Rs 207 crore to the state towards registration costs. These arrears will be recovered,” Mr Reddy said.

 

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Location: India, Telangana, Hyderabad




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