Bangalore steps-up to meet the affordable housing demands
With its initiative of subsidizing affordable housing to the urban-poor, Bengaluru becomes the latest city to budge in with the concept. It’s an effort to make judicious use of resources and put a framework for sustainable development, which are some of the current challenges staring at the city.
However, Bangalore is going vertical instead of horizontal in its growth, and development plan. The state government has made amends in the blueprint of chief minister’s one lakh housing scheme. The cityscape will soon be filled by tall skyscrapers instead of the former plans to build ground-plus-three-floor structures.
Read : Affordable housing in India
The development plan was confirmed by law and parliamentary affairs minister Krishna Byre Gowda, where he specified the construction of ground-plus-14-floor structures to increase the city’s capacity to cater the demand in housing structures.
“With lack of availability of land and possible constraint on resources, the cabinet has resolved to increase the number of floors under the housing scheme to 14 floors instead of the previous designed three floors. The changes in the cost to state exchequer and the beneficiaries is currently being looked into and will be conveyed individually to them,” said the minister.
Gowda also said that the prime motive for altering the plan is to increase housing in the already available land. “With the changes in plans, we are going to re-tender the housing projects and are expecting it to be finalized by February for laying the foundation stone,” he added.
The minister made a series of statements, which highlighted the following:
- Government has acknowledged 50,000 beneficiaries for its housing project, and will accord it according to the individual’s financial capacity.
- Rs 1.2 lakh subsidy is allocated to the general category, and Rs 2 lakh for the SC/ST category. Any price appreciations will be duly notified.
- Government will utilize available schemes such as Pradhan Mantri Awas Yojana and Rajiv Gandhi Awas Yojna to accumulate resources.
The cabinet has also sought relief measures for city’s roads, and traffic congestion. It has cleared Rs 4,500 crore towards the land acquisition costs for the construction of the 65km peripheral ring road (PRR). Gowda acknowledged the cabinet’s efforts to bring down the financial burden on the state government. He said, “As the last resort, to reduce burden on the city roads and ease the traffic congestion in Bengaluru, the cabinet has resolved to foot the land acquisition bill which is likely to be in the tune of Rs 4,500 crore. Overall, the government estimates the cost of the project to be close to Rs 17,000 crore.”