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Telangana’s Budget May Involve Rs 30,000 CR For 2 BHK Housing Project

After recent budget brainstorming, sources claim that the government is considering giving 30,000 crores to this programme.

January 27, 2023
Telangana’s Budget May Involve Rs 30,000 CR For 2 BHK Housing Project
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In addition to regular funding for several signature programmes, the BRS government will put a lot of effort into securing funds for a 2BHK housing programme that includes a 3 lakh grant for every low-income household that owes a piece of land.

After recent budget brainstorming, sources claim that the government is considering investing 30,000 CR in this plan.

27 lakh impoverished residents in the state do not possess a home, according to the Samagra Kutumba Survey. It would have cost 37 lakhs this time.

45 lakh of the 91 lakh families in the survey which was carried out in the early stages of the state’s formation live in homes with only one bedroom. Three lakh households reside in slums & government land parcels, while another 24 lakh households rent dwellings.

The state government intends to make this one of the primary campaign issues during the assembly polls this time, according to sources, so there has been a lot of thinking.

The BRS leaders will also discuss how funds allocated by previous administrations for the construction of low-income housing have fared.

According to insiders, the budget address will include information about when applications for the 3 lakh grant would begin to be accepted. How many homes will be assigned to each assembly segment, however, is not yet clear.

The BJP has been criticising the BRS administration for failing to forward the double-bedroom plan despite the Center’s willingness to provide funding. BJP officials cited examples of how BJP-run states like Uttar Pradesh used financing from the federal government to build double-bedroom homes for the underprivileged.

Tags: 2 BHKCroresHousing Schemereal estate developmentReal estate newsTelangana
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