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Township Infra Corpn to be set up
In a meeting with the builders and housing officials here, the chief secretary said that the State government would also be announcing soon a policy on housing to make it easy for the builders to complete the projects on time offering a good quality at economical rates.
Visakhapatnam: Reiterating his earlier offer on subsidies to the builders constructing houses and townships close to the industries, chief secretary SP Tucker on Wednesday announced that Township Infrastructure Corporation would be formed soon to help the housing sector to take up major projects.
In a meeting with the builders and housing officials here, the chief secretary said that the State government would also be announcing soon a policy on housing to make it easy for the builders to complete the projects on time offering a good quality at economical rates.
He said the government would provide basic infrastructure facilities like water supply, roads and power connections.
Those taking up big project should start their construction work from September 14 onwards, the chief secretary told the builders.
He said that the city as per the present demand, needs three lakh houses, the builders should come forward to take up the projects taking advantage of the subsidies being offered by the government.
The government will take up the responsibility of identifying the beneficiaries and arrange bank loans for them. He said around 6,000 people got employment recently and of them 4,000 can be tapped for housing, the chief secretary told the builders.
