Affordable Homes
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The Karnataka state government is likely to amend the Chief Minister’s one lakh housing scheme by constructing high rise residential projects inspite of building the regular ground plus three-floor structure. This is also said to be an initiative by the state government to use the available resources to the best of their ability to offer affordable homes to urban poors in Bengaluru.

Krishna Byre Gowda, the law and parliamentary affairs minister of the state said that from now we will build ground plus 14-floor residential structures as it will increase the number of dwelling units in the city. Minister shared this information after attending a cabinet meeting recently.

He further said that the inadequate land and other constraints of resources made the cabinet decide to increase the number of floors under the housing scheme. Both the beneficiaries and the state exchequer will get an update about the costs. Another reason to increase floors in residential projects is to maximize housing opportunity in the available land parcels.

The government is planning to re-tender the residential projects and expects the finalization of the same by February after which the foundation stone laying program will take place. He also said that we have identified nearly 50,000 beneficiaries for the housing project.

The Karnataka state government is providing Rs 1.2 lakh subsidy for the general category and Rs 2 lakh for the SC/ST population and the beneficiary has to bear the rest amount for owning a home.