Summary:
HUDCO approves a Rs 3000 crore loan for Telangana’s 2BHK scheme, aiming to provide permanent shelter. Initially releasing Rs 850 crore, the scheme persists despite political transitions. Telangana targets 3,500 houses per assembly constituency annually, with 33,500 under reserved quotas, signaling a commitment to equitable housing solutions.
HUDCO Approves Rs 3000 Crore Loan for Telangana’s 2BHK Scheme
HUDCO Approves Rs 3000 Crore Loan for Telangana’s 2BHK Scheme In a significant development, the Housing and Urban Development Corporation Ltd (HUDCO) has greenlit a Rs 3,000 crore loan for the Telangana State Housing Corporation Ltd, bolstering efforts towards realizing the ‘Indiramma Indlu’ (2BHK scheme). This move, fortified by state government backing, aims to provide dignified housing solutions to countless individuals.
Phase-wise Rollout
Sources reveal that HUDCO is poised to disburse Rs 850 crore initially, signaling a decisive stride in the implementation of the scheme. The phased approach underscores a commitment to efficient utilization of resources, ensuring tangible progress.
Political Transitions and Continued Pursuit
Despite electoral transitions, the impetus on housing initiatives remains steadfast. Previously initiated proposals for a Rs 1,000 crore allocation to expedite 2 BHK house construction reflect ongoing governmental commitments, transcending political changes.
Path Ahead Post-Elections
While the Indiramma Indlu scheme has been formally kickstarted, the pace of execution is anticipated to escalate post-Lok Sabha elections. A strategic alignment of priorities awaits, with concerted efforts expected to accelerate housing endeavors in the state.
Collaborative Efforts for Affordable Housing
Central and state collaborations are instrumental in realizing affordable housing aspirations. With the Centre pledging Rs 1.5 lakh per house, alongside state government endeavors, a synergistic approach emerges, driving towards inclusive housing solutions.
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Ambitious Targets and Reserved Quotas
Telangana’s ambitious targets envision construction of 3,500 houses per assembly constituency and a staggering 4.5 lakh houses annually. Furthermore, the state is committed to allotting 33,500 houses under the reserved quota, epitomizing a dedication to equitable distribution.
In navigating the complex landscape of housing provision, Telangana embarks on a journey to transform aspirations into tangible realities. With HUDCO’s infusion of funds and governmental resolve, the 2BHK scheme stands poised to usher in an era of dignified living for its citizens.
The above article has been written with inputs from Siasat– Source
