Govt. decides to build 60,000 houses under CM Housing Scheme: UT Khader
22000 houses for north Karnataka
Bengaluru, August 06: Urban Development and Housing Minister UT Khader said that the government has decided to construct 60,000 houses in the state under the Chief Minister's Housing Scheme and among them, 22000 houses would be reserved for north Karnataka.
Speaking to reporters here on Monday, the Minister said that Chief Minister HD Kumaraswamy would launch the drive of constructing the houses at Hubballi on August 12 at 4pm. Among those houses, 22000 houses would be constructed in North Karnataka for which tender process was over and the construction work would complete within eight months, he said.
Each house would cost Rs 4.50 lakh. The central government would fund 30 per cent, while state government share was 40 per cent and 20 per cent would be taken as bank loan and the beneficiary has to bear the remaining 10 per cent of the cost. Under this scheme, the beneficiary would get 50 per cent subsidy. For SC/ST categories, the central government would give Rs 1.50 lakh and state government would give Rs 2 lakh subsidy. However, the general category beneficiaries would get Rs 1.50 lakh from the centre and Rs 1.20 lakh subsidy from the state government, the Minister said.
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