Yogi to give low-cost flats to 1,040 urban poor
By IANS |
Published on
Thu, Dec 24 2020 16:57 IST |
0 Views
Yogi Adityanath. (File Photo: IANS) Image Source: IANS News
Lucknow, Dec 24 : In a fresh initiative to help the poor, Uttar Pradesh Chief Minister Yogi Adityanath will soon hand over flats of 415 square feet area to at least 1,040 poor urban people for just Rs 4.75 lakh.
The total cost of the flat will be Rs 12.59 lakh and out of this, Rs 7.83 lakh will be given as a grant from the Central and the state government.
The remaining Rs 4.76 lakh will be paid by the beneficiaries of the Economically Weaker Section (EWS) category.
PM to launch Global Housing Technology challenge in January to build bank of new construction technologies
Share
Synopsis
The projects would have active participation from the states. Modi would unveil the projects in the presence of state chief ministers, who are likely to give more support to the new technologies.
Getty Images
NEW DELHI: Six cities, six technologies and six construction companies – this would be the setting of Global Housing Technology Challenge which would be unveiled by Prime Minister Narendra Modi in the next two weeks and would provide India a basket of new technologies to build cost effective houses in less time.
Re-instilling trust in the Indian real estate
The Indian real estate holds immense significance in the economy with the sector employing over 50 million people and being the third largest employer after agriculture and manufacturing in the country.
The COVID-19 pandemic outbreak is reshaping the ‘new normal’. The pandemic’s short-term detrimental impact has eroded business values and growth prospects for most sectors and economies globally including a consequential effect on the real estate sector as well. Supporting the economic contribution through more than 250 industries, the real estate sector in India is expected to be temporarily and ominously handicapped by the ongoing pandemic.