Friday, February 27, 2009

Rs 5000-crore for housing

Rs 5000-crore for housing
The Economic Times, February 27, 2009, Page 3

THE government will provide financial assistance of Rs 5,000 crore to states in the next four years to construct 10 lakh affordable houses in the country, reports Our Bureau from New Delhi. The Central assistance will help in creating civic infrastructure. Construction of houses will be done under public-private partnership where states will provide land.“The scheme will increase the stock of houses ranging from 300 square feet to 1200 square feet,” said an official release issued after the Cabinet Committee on Economic Affairs on Thursday.

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