Nagpur Improvement Trust Affordable Housing Scheme

Work had commenced on affordable housing project in Wathoda. Construction of 264 flats for economically weaker section (EWS).

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Nagpur Improvement Trust Affordable Housing Scheme

Nagpur Improvement Trust Affordable Housing Scheme: Seven months after chief minister and Union transport minister announced affordable housing for the city, Nagpur Improvement Trust (NIT) has begun work on the project.

Work had commenced on affordable housing project in Wathoda. Construction of 264 flats for economically weaker section (EWS). Excavation is going on. As groundwater level is very high, NIT is dewatering the land.

On prices of the flats, the chairman said that there was some ambiguity on goods and services tax (GST) rate. It will be either 12% or 18%. Once this is clear, the price of the flats will be announced.

The detailed project report (DPR) of Tarodi Buzurg (Umred Road) would be examined by the urban development department (UDD) this week. Once it is clear, the tenders will be released. The DPR for Tarodi Khurd has been received recently. It will send to the state government for approval. A total 4,600 EWS flats will be constructed under these three projects.

For families whose income is between Rs3 and Rs6 lakh per annum. The DPR is being prepared for Wanjri. A flat will cost around Rs12 lakh. At this stage NIT do not intend to construct middle income group (MIG) flats.

NIT has received 16,000 online applications under Pradhan Mantri Awas Yojana (PMAY). “We will construct houses for all the applicants. If more land is required, we will demarcate more for plots in our land,” said the chairman.

A loan fair will be organised for affordable housing beneficiaries. They will invite bankers to this fair. Who will guide the applicants regarding the process to obtain a bank loan. These fairs will be organized after Diwali.

Source Link- https://timesofindia.indiatimes.com/city/nagpur/nagpur-improvement-trust-starts-work-on-affordable-housing-scheme/articleshow/61012395.cms?utm_source=Colombia&utm_medium=C1&utm_campaign=CTN&utm_ctn=17003020-129147

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