Govt to provide affordable housing in skyscrapers

Bengaluru | Tuesday | 20th November, 2018

Summary:

“We will provide Rs 1.2 lakh subsidy for the general category and Rs 2 lakh for the SC/ST population. Overall, the government estimates the project cost to be close to Rs 17,000 crore,” he said. “We will re-tender the housing projects and are expecting it to be finalised by February for laying the foundation stone,” he added.He said the government has identified 50,000 beneficiaries. The rest will have to be borne by the beneficiary. If there is a price escalation then the same will be conveyed to the beneficiaries,” he said.State to bear PRR land acquisitionThe cabinet cleared Rs 4,500 crore towards land acquisition costs for construction of the 65km Peripheral Ring Road (PRR)..