Karnataka government will construct 9 lakh houses in 2 years

BENGALURU: The Government of Karnataka decided on Thursday, July 8, to construct 9 lakh houses within 2 years under various housing schemes of the state. This decision was taken during a review meeting which was chaired by Chief Minister B S Yediyurappa on housing schemes of the state.

A release from the Chief Minister Office, said that under this 5 lakh houses will be constructed under state housing projects and 4 lakhs will be constructed under central housing projects. It added that the subsidy of Rs 1.75 lakh is to be provided to the Scheduled Caste beneficiaries and Rs 1.2 lakh subsidy will be provided to others for house construction. The release also mentioned that under central housing project, subsidy of Rs 72,000 (60 per cent) will be provided by centre and Rs 48,000 (40 per cent) are from the state government.

Rs 6,200 crore is needed to complete the houses built under the state government’s Basava Housing Project, Dr B R Ambedkar Nivas Yojana, Devaraj Urs hosuing projects and Vajpayee urban housing project which are all under different stages of completion. CM Yediyurappa said that the funds will be released phase by phase.