3 Million Houses will be Built under YSR Jagananna Colonies
The State Government of Andhra Pradesh will take up the construction of 3 Million (30 lakh) houses under the YSR Jagananna Colonies project after distributing the house sites to the beneficiaries on 8th July 2020. Jagananna Colonies is part of the State Government’s Navratnalu- Pedalandariki Illu (houses for all the poor) Program.
YSR Jagananna Colonies Project
For the land acquisition of the colonies, the state government will bear around Rs 10,000 to Rs 11,000 crore. The house sites will be provided at Rs 1 to the selected white Ration Card beneficiaries. The total expenditure for the project including the share of the Central Government is estimated at RS 50,000 crore.
The project will be implemented in two phases with 15 lakh houses being constructed in each phase. Construction for the first phase will begin on 28th August this year while the second phase construction will begin from August 2021. All necessary facilities will be provided in the colonies such as water, connecting roads, electricity, etc. Each house will have a carpet area of 230 square feet. The cost of each house is estimated to be around Rs 1.80 lakh.
The State Government has set a target for completion of the project by 2024.
Month: Current Affairs - June, 2020