Centre nod to low-cost housing | india | Hindustan Times
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Centre nod to low-cost housing

india Updated: Feb 03, 2007 23:21 IST
Highlight Story

JNNURM to fund the Rs 62 crore project

THE CENTRE has granted financial okay to the Rs 62.02 crore low-cost housing proposal of the Indore Municipal Construction (IMC) for in situ rehabilitation of urban poor. The project will be funded by Jawaharlal Nehru National Urban Renewal Mission (JNNURM).

The go-ahead came at a meet of the Mission’s Central Sanctioning and Monitoring Committee (CSMS) held in Delhi earlier this week.

As per the proposal, 4,132 two-bedroom flats will be constructed in 12 settlements and allotted to patta holding slum dwellers in the same localities upon completion.

Fifty per cent of project costs, or a shade over Rs 31 crore, would be borne by the Centre while the State Government and IMC would shell out 20 and 30 per cent respectively.

Spread over 350 square feet, the flats will house two bedrooms apiece, as well as a toilet and a kitchen. Each resettlement centre will also include amenities including parks, school and a primary health centre.

According to Corporation officials, the construction cost of each unit would work out to around Rs 1.30 lakh with an additional Rs 20,000 being spent on community infrastructure. The low-cost houses are to come up at Panchsheel Nagar (660), Nat Colony (286), Adarsh Bijasan (242), Jeevan ki Phel (664), Sanjay Gandhi Nagar (484), PC Sethi Nagar (264), Lodha Colony (352), Jansewa Nagar (308), Bhim Nagar (256), Safai Karamchari Nagar (175) and Harijan Colony (175).

It may be recalled that the IMC has submitted a Rs 2,745-crore City Development Plan (CDP) for funding under JNNURM, a Rs 50,000 crore corpus aimed at improving urban infrastructure in 63 cities across the country.

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