Hyderabad: Chief Minister A. Revanth Reddy was scheduled to lay the foundation stone for the 480-flat Indiramma Towers project in Kukatpally on Thursday evening.
Revenue, Housing and I&PR Minister Ponguleti Srinivasa Reddy announced the programme on Wednesday. The government planned to construct four residential towers on five acres under its Comprehensive Urban Redevelopment framework.
Each tower would contain 120 flats, taking the total to 480 units. The government estimated the project’s cost at Rs 43.20 crore. Each flat would cover 525 square feet and include a bedroom, hall and kitchen.
Indiramma Towers project targets housing in prime locations
Ponguleti said the government had so far identified around 90 acres of government land for Indiramma Towers. The initiative aimed to help poor families own houses in prime locations across the city. Moreover, beneficiaries would receive an undivided share in the land along with their flats.
According to the minister, each beneficiary could receive a land share of around 20 to 25 square yards. He said that share could be worth Rs 60 lakh to Rs 1 crore in some locations. The government planned to construct one lakh houses during the year, Ponguleti said.
As part of the first phase, it proposed around 8,000 houses across 16 Assembly constituencies. Meanwhile, the government had received nearly 50,000 applications for the housing initiative. It extended the application deadline until August 15.
Indiramma Towers project beneficiaries to be chosen by draw
Ponguleti said authorities would verify the applications before selecting eligible beneficiaries. After verification, officials would choose beneficiaries through a transparent draw. Therefore, the minister said political recommendations would have no role in the selection process.
He also said the system would leave no scope for irregularities in allotting the houses. The Kukatpally Indiramma Towers project would mark the construction of four towers with 120 flats each. Together, the buildings would provide 480 housing units under the CURE framework. The project would occupy five acres, while each beneficiary would receive a 525-square-foot flat and an undivided share in the land.