AP launches Rs.38,266 cr real estate projects

To provide housing units to homeless at affordable rates, Andhra Pradesh government has launched its ambitious projects of building 5 lakh houses across 13 districts by the end of 2019, entailing a whopping investment of Rs.38,266 crore, official sources said that the government will complete the first one lakh houses by October 2, this year. To achieve the targets, the CM directed the officials to increase the daily target of completing 150 houses against the current status of 100 houses to meet the target of housing building for the current fiscal. With a target of 5 lakh houses being taken up, the state government issued orders in the first week of February, directing officials to complete the national plan of housing for all under the affordable housing project of Pradhan Mantri Awas Yojana. While giving administrative clearance to the scheme, the government directed housing officials to name the project in the state as NTR Nagars. The housing department will use the shear wall technology, which is a reinforced concrete technology to complete houses and that would avoid the cement plastering work at the end, and a beneficiary can move into his own house at the earliest.