Bengaluru: Federation of Karnataka State Lorry Owners and Agents Association on Monday threatened to launch a transport strike from May 1 onwards if the state government does not roll back the “unscientific” price hike imposed on the transport sector before 30 April.
Addressing a press conference, the association Secretary C Nandish Reddy said, “Since 1 April, older vehicles are subjected to 16 times more fees which has taken a toll on the lives of poor people. Moreover, the validity of fitness certificates have been reduced, throwing the transport sector off balance.”
He alleged that the central government earlier imposed a fine of Rs 100 to Rs 500 over violation of traffic rules for heavy vehicles, which has now soared to Rs 5000 to Rs 25,000 and added that the motor vehicle officials are taking advantage of it.
Association members Chenna Reddy, Sairam, Pandian and Chandrashekhar were present in the press meet.
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Bengaluru: Karnataka is drafting a new Affordable Housing Policy that may require private real estate developers to allocate a portion of their projects for economically weaker sections (EWS). This initiative is part of preliminary discussions aimed at addressing the state’s housing challenges.
The policy is being developed by the Indian Institute of Human Settlements (IIHS), an urban-focused research organization co-founded by Nandan Nilekani and Deepak Parekh. IIHS was chosen for this task without a tender process.
Housing Minister B.Z. Zameer Ahmed Khan's office has confirmed that discussions are underway to include a clause mandating private developers to reserve inventory for EWS buyers. At present, residential layouts are only required to allocate spaces for civic amenities such as parks and playgrounds.
The policy is a key component of Chief Minister Siddaramaiah's agenda for affordable housing. It aims to streamline procedures in the housing sector while ensuring inter-departmental coordination. It will replace the 2016 housing policy and is expected to help Karnataka secure additional funding from union government housing schemes.
Funding challenges have hindered the state's housing programs, such as the Chief Minister’s One Lakh Housing Scheme, where the per-unit cost of ₹11.2 lakh places a significant financial burden on beneficiaries. With banks reluctant to lend, the government faces an estimated ₹3,700 crore shortfall.
The state is evaluating two affordable housing models proposed by the Boston Consulting Group (BCG). The first model, the Land Sharing Model, involves the government providing land to private developers, who would dedicate 30-50% of the land to affordable housing. Once the housing units are completed, they would be handed over to the government for distribution, while the developers would monetize the remaining land.
The second model, the Interest Subsidy Model, suggests offering a 3-5% subsidy on home loan interest, which would reduce monthly installments for beneficiaries from ₹8,700 to ₹5,500-6,800. This approach is expected to cost the government ₹60-170 crore annually.