The state government of Orissa plans to develop 5,000 affordable homes in Bhubaneswar. The affordable homes will be developed in collaboration with the private developers.
BHUBANESWAR: As Bhubaneswar, the capital of Orissa, is growing very fast, the properties in the city have gone beyond the reach of the middle and lower income classes. They do not find any affordable homes in the city now. Seeing this situation, the state government has decided to develop 5000 affordable homes in the Capital City.
Injeti Srinivas, the state secretary for housing and urban development, said that the government will develop 5000 affordable homes in the city. He added that the plan will be worked with the help of private developers.
Affordable housing projects will be developed at Gothapatna. The government has reserved around 100 acre of land for affordable housing projects. Out of this, around 15 to 20 acres will be provided to the developers.
The project is meant for providing homes for the weaker and lower income groups (EWS and LIG). This will be the first venture after the enunciation of the Scheme for Affordable Urban Housing in Odisha-2012.
While those with monthly income of less than Rs.7500 will fall in the EWS category, LIG will form the income group from Rs.7501 to Rs.15000 per month.
Mr. Srinivas said that homes will be available between Rs.3.5 to Rs.15 Lakh. Once the projects get completed, the government will start bus services to connect the area.
Developing EWS and LIG housing units in the 75% of the total area, the developer will be free to use the rest of the land.
Once the project in Bhubaneswar is over the scheme will be implied in other cities. The housing and urban development secretary added that the government plans to develop 20,000 LIG and EWS housing units per year.