Distribution of plots in Suryanagar to commence today
The Karnataka Housing Board will allot 50,295 residential plots and flats in different areas of the State to applicants in this financial year, according to Housing Minister Katta Subramanya Naidu.
The Minister told presspersons here on Saturday that this will be the highest number of sites and flats being distributed by0 the KHB in a calendar year. The KHB has so far allotted a total of 29,517 sites and 1,13,795 flats since its inception in 1962. Of the 50,295 properties being allotted this year, 49,388 are sites while the remaining 907 are apartments.
Distribution of 5,777 housing plots in the second stage of Suryanagar located on the outskirts of Bangalore will commence from November 21, he said. Chief Minister B.S. Yeddyurappa will inaugurate the sale and it will go on for the next three days. A total of 10,000 applications had been received seeking sites under this project and all the applicants will be given sites in a phased manner by the end of March.
He said the KHB, which owed loan of up to Rs. 157.27 crore till January this year, has cleared all loans. At present, the KHB is implementing 100 housing schemes cleared by the State Government and another 50 schemes taken up under Suvarna Karnataka Housing Scheme.
In addition to this, the KHB has been permitted by the Government to take up 225 new housing schemes. Under these schemes, the KHB had proposed to take up construction of 1,31,051 houses besides developing 3,05,786 sites at a cost of Rs. 30,870 crore, he said.