The New Indian Express 03.11.2009
More ‘affordable’ houses in Bangalore
OVERWHELMED by the response from 1.5 lakh people for its ‘affordable’ houses, the Karnataka Housing Board (KHB) will be constructing 740 flats in the city within the next 18 months.
KHB also plans to develop 500 acres of land near Suryanagar to meet the increasing demand for the houses constructed by it.
KHB has planned three major ventures to allot houses to the applicants in the city. Out of the 740 flats, 140 would be constructed in the department’s housing board colony in Yelahanka New Town at a cost of Rs 53 crore.
The remaining 600 flats would be constructed in Suryanagar at a cost of Rs 119.68 crore.
These flats would be constructed in addition to the already constructed houses in both the locations. The significant feature of this venture is that all the buildings would be of seven floors and will house LIG, MIG and HIG apartments cheek-byjowl.
An LIG flat will have 800 sq ft plinth area, while that of MIG and HIG apartments would be 1,100 sq ft and 1,500 sq ft respectively. They would be priced according to the area they occupy. The owners of these flats would be decided by a draw out of the 1.5 lakh people, who have already applied for different sorts of houses.
Speaking about the proposed development of the 500 acres of land near Suryanagar KHB Commissioner M B Dyaberi said that if developed the land would yield at least 5,000 “big sites”. He, however, said that the proposal is yet to get the government’s approval.
