Overview
- The Telangana Housing Board began issuing allotment letters to selected beneficiaries on Monday through registered SMS, WhatsApp and its website after draws and field verification.
- Housing and Revenue Minister Ponguleti Srinivas Reddy laid the foundation stone for a 480-flat Indiramma tower on about 2.85 acres in Raidurg and invited beneficiaries to the ceremony.
- Each 528 sq ft plinth (480 sq ft carpet) flat carries a ₹5 lakh government subsidy while beneficiaries must pay ₹6 lakh in four instalments and the government will absorb the land cost.
- Officials said allotments will be cancelled and reallocated if beneficiaries do not start construction, and Self Help Groups can advance up to ₹1 lakh to member beneficiaries to help begin work.
- The programme aims to build about 100,000 homes across Hyderabad’s Core Urban Region in phased batches over the next two to two-and-a-half years and offers undivided land shares plus waived sale-deed and registration charges.