Cm To Hand Over 8,912 More Tidco Houses, Real Estate News, ET RealEstate

June 24, 2023

<p>File Photo</p>
File Photo

VIJAYAWADA: Chief minister YS Jagan Mohan Reddy will inaugurate Tidco housing colony and hand over the flats to the beneficiaries in Gudivada town of Krishna district on Friday.

About 8,912 flats were constructed in the last four years at an estimated cost of Rs 178 crore. The Tidco colony was spread over nearly 77 acres of land in the town .

Construction of another 4,500 houses adjacent to the Tidco colony is under progress. The government has granted as many as 7,728 house plots in an extent of nearly 178.63 acres under Pedalanadiki Illu Navarathnalu scheme from which construction of nearly 45,000 are nearing completion. This colony would be named as YSR Jagananna housing colony.

“The CM will formally hand over 8,912 flats to the beneficiaries today. We are giving away all the flats with 300 sqft just for 1,” said former minister and local legislator Kodali Sri Venkateswara Rao (Nani).

Housing minister Jogi Ramesh explained that they have completed nearly 1,43,600 flats with 300sqft which have been granted to the beneficiaries for just 1. He said that women beneficiaries got a relief of about Rs 9,406 crore.

He added that the previous Naidu regime had designed the scheme in a way where the poor women beneficiaries had to pay 3,000 every month for 20 years.

He added that the CM had also granted straight 50% rebate on the upfront contribution for 365 sqft and 430 sqft houses and the government would be providing 25,000 to each of the 44,304 beneficiaries of 365 sqft houses and 50,000 to each of 74,312 beneficiaries of 430 sqft Tidco houses as a 50% rebate of the upfront contribution to be paid by the beneficiaries, bearing a burden of Rs 482 crore.

  • Published On Jun 16, 2023 at 01:00 PM IST

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