Monday, July 24, 2006
Huda to build Rs 6-lakh flats
Hyderabad, July 24: Hyderabad Urban Development Authority (Huda) is planning to build 4,000 apartments in four regions of the city to cater to middle-class families.The project is to help persons with monthly incomes ranging from Rs 5,000 to Rs 8,000 to fulfil their dreams of owning a house at an affordable rate.
The apartments will come up at Shamshabad, Sahebnagar, Medchal, and Nallagandla and will cost from Rs 6 lakh to Rs 7 lakh.Huda chairman D. Sudheer Reddy said that guidelines were being formulated to ensure that the allotment was free of controversy.
Procedures for filing applications will be finalised by August/September. Beneficiaries will be selected by drawing of lots in October.Only people who have stayed in a particular area of the city for the last 10 years would be eligible to apply. “We have selected plots in four areas so that people living in all parts of the city can have access,” said Mr Sudheer Reddy.
Huda is planning to construct the apartments in one-and-a-half years. Beneficiaries would not be charged for the cost of the land, they would only have to pay the cost of construction.
The apartments will come up at Shamshabad, Sahebnagar, Medchal, and Nallagandla and will cost from Rs 6 lakh to Rs 7 lakh.Huda chairman D. Sudheer Reddy said that guidelines were being formulated to ensure that the allotment was free of controversy.
Procedures for filing applications will be finalised by August/September. Beneficiaries will be selected by drawing of lots in October.Only people who have stayed in a particular area of the city for the last 10 years would be eligible to apply. “We have selected plots in four areas so that people living in all parts of the city can have access,” said Mr Sudheer Reddy.
Huda is planning to construct the apartments in one-and-a-half years. Beneficiaries would not be charged for the cost of the land, they would only have to pay the cost of construction.
# posted by mashup @ 11:24 PM 
