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Andhra Pradesh to build 4 lakh houses for poor

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The Andhra Pradesh government has decided to introduce highly subsidised housing scheme under which beneficiaries will get a two-bed room flat for Rs 3.5 lakh. The government will spend Rs 5.5 lakh per flat but it will collect only Rs 3.5 lakh from each of the allottees.

The proposed massive housing programme will cost the exchequer Rs 16,000 crore. The apartment complexes will come up on government land in all towns and major villages. Chief minister N Chandrababu Naidu will make a formal announcement on the scheme soon.

Read more at : http://realty.economictimes.indiatimes.com/news/residential/andhra-pradesh-to-build-4-lakh-houses-for-poor/51337476

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