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Time of India
2 days ago
- Business
- Time of India
Kazipet RMU to make Metro trains from 2026: Railway minister Ashwini Vaishnaw
HYDERABAD: The hopes of obtaining central funds at the earliest for the first phase of the Revanth Reddy govt's ambitious Indiramma housing scheme in rural areas suffered a setback as the Union housing ministry sent a missive to the state, stating that the proposals submitted do not comply with norms, including. The state govt has submitted a list of housing beneficiaries seeking funds under the Pradhan Mantri Awas Yojana (Rural) scheme. Under the PMAY (Rural), the ministry sanctions 72,000 per housing unit, and the remaining amount has to be borne by the state govt. In its letter to the state, the Union ministry asked the officials to upload live facial authentication using Aadhaar of each beneficiary on its website, leaving the Telangana govt with a huge task of reaching out to 19.5 lakh beneficiaries in rural areas. Also, the ministry set July 31 as the deadline for completing the task. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad However, housing department secretary V P Gautham told TOI that the state has already completed the survey following the PMAY norms. "They asked us to enter survey details of beneficiaries on their app with beneficiary face authentication using Aadhaar. The work to do this is already in progress, and we are confident of completing it on time," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo PMAY urban 2.0 The Congress govt is extending 5 lakh financial assistance to the Indiramma housing scheme beneficiaries for the construction of the housing units. Of the 5 lakh, the Centre's share under PMAY urban 2.0 would be 1.5 lakh for each unit in urban areas and 72,000 for each unit in rural areas. The state govt has undertaken the construction of 4.50 lakh Indiramma houses in the first phase, and permission letters to start the work have already been issued to over 3.50 lakh beneficiaries. The state govt is expecting over 2,000 crore in central funding under PMAY for the housing scheme. The central govt releases the money every year once the state submits the data. Housing minister Ponguleti Srinivas Reddy, on multiple occasions, said the Congress govt would implement Indiramma housing at all costs. "Even if central funding is delayed, Indiramma housing works will continue at their original pace, and the govt will help the beneficiaries with the construction of over 20 lakh houses in five years, with 5 lakh financial aid to each," he added.
Time of India
2 days ago
- Business
- Time of India
Indiramma housing stalled after Centre's missive to Telangana
HYDERABAD: The hopes of obtaining central funds at the earliest for the first phase of the Revanth Reddy govt's ambitious Indiramma housing scheme in rural areas suffered a setback as the Union housing ministry sent a missive to the state, stating that the proposals submitted do not comply with norms, including. The state govt has submitted a list of housing beneficiaries seeking funds under the Pradhan Mantri Awas Yojana (Rural) scheme. Under the PMAY (Rural), the ministry sanctions 72,000 per housing unit, and the remaining amount has to be borne by the state govt. In its letter to the state, the Union ministry asked the officials to upload live facial authentication using Aadhaar of each beneficiary on its website, leaving the Telangana govt with a huge task of reaching out to 19.5 lakh beneficiaries in rural areas. Also, the ministry set July 31 as the deadline for completing the task. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad However, housing department secretary V P Gautham told TOI that the state has already completed the survey following the PMAY norms. "They asked us to enter survey details of beneficiaries on their app with beneficiary face authentication using Aadhaar. The work to do this is already in progress, and we are confident of completing it on time," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo PMAY urban 2.0 The Congress govt is extending 5 lakh financial assistance to the Indiramma housing scheme beneficiaries for the construction of the housing units. Of the 5 lakh, the Centre's share under PMAY urban 2.0 would be 1.5 lakh for each unit in urban areas and 72,000 for each unit in rural areas. The state govt has undertaken the construction of 4.50 lakh Indiramma houses in the first phase, and permission letters to start the work have already been issued to over 3.50 lakh beneficiaries. The state govt is expecting over 2,000 crore in central funding under PMAY for the housing scheme. The central govt releases the money every year once the state submits the data. Housing minister Ponguleti Srinivas Reddy, on multiple occasions, said the Congress govt would implement Indiramma housing at all costs. "Even if central funding is delayed, Indiramma housing works will continue at their original pace, and the govt will help the beneficiaries with the construction of over 20 lakh houses in five years, with 5 lakh financial aid to each," he added.
New Indian Express
12-06-2025
- Business
- New Indian Express
Kukatpally Housing Board plot sold at Rs 2.98 lakh per sq yard
HYDERABAD: A record price of Rs 2.98 lakh per sq yd was bid for an open plot in Kukatpally Housing Board (KPHB) Phase-7 during an auction conducted by the Telangana Housing Board on Wednesday. As many as 18 open plots, ranging from 198 to 987 sq yd were auctioned, with plot No. 22 fetching the highest bid of Rs 2.98 lakh per sq yd. A total of 84 bidders participated in the auction. In January this year, plots at KPHB were auctioned for up to Rs 1.85 lakh per sq yd. In August 2023, a 3.6-acre parcel at the Neopolis layout in Kokapet was sold for Rs 362.7 crore, or Rs 2.08 lakh per sq yd. Housing Board vice-chairman VP Gautham stated that Wednesday's auction generated a total revenue of Rs 142.78 crore. 'We auctioned a total of 6,232 sq yd, with an average price of Rs 2.38 lakh per sq yd,' he said. Successful bidders must pay 25% of the amount within two days. This will fetch the KPHB an immediate income of Rs 35.34 crore, Goutham added.
