New housing projects for poor

Q: I heard that Karnataka state government has come up with Namma Mane. Can anyone explain it elaborately?

Rameswari, Bangalore

10th July 2013

Real estate News in Bangalore

new housing projects

namma mane

home buyers in bangalore

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Replies (4)

I feel with the availability of ample homes for the lower and middle class people of Bangalore, the housing problem of Bangalore will be resolved to a great extent. Implementation of the scheme will offer a helping hand to the deal with the existing housing problems of the city.

Kanthi Sridhar, Bangalore

10th July 2013

Comment

The main motive of state government is to set a target of building 2.19 lakh houses in the present financial year. The 800 crore project is aimed to provide safe drinking water to Chandapura Anekal belt and Karnataka Housing Board Suryanagar layout in the city. Such a step is aimed at resolving the housing issues of the middle class people in the city as well as in the small towns.

Harsha Mahipal , Bangalore

10th July 2013

Comment

How can an individual avail for home loan?

Jignesh Kumar, Bangalore

10th July 2013

Individuals who will apply for homes can avail loans either to build houses or buy one. Almost 2 lakh beneficiaries of the state will be entitled to such benefit by the Central Housing and Urban Poverty Alleviation Department. According to government rules, a beneficiary can opt for loan valuing between Rs 1 lakh- Rs 1.60 lakh to built houses in urban localities.

Harsha Mahipal , Bangalore

10th July 2013

To provide home to the lower middle class of the city, the housing department of the state government has taken a decision to build 2.19 lakh houses this year. 1.12 lakh houses under Basava Vasati Yojane and 80000 houses under Indira Awaas Yojane will be constructed. To add to it, additional 20000 houses will be built for the urban poor.

Madhav Deb, Bangalore

10th July 2013

Comment

I feel the government has really taken a good decision to build houses for poor people and even they can apply for loans from banks which is really a good news.

Rameswari, Bangalore

10th July 2013

Namma Mane is a housing scheme to aid the poor for building affordable houses in urban areas. According to the government scheme, the middle-class and lower class family members can also apply for loans from the banks or financial institutions.

Yogendra, Bangalore

10th July 2013

Comment

Even I heard that government has made rules that individuals willing to avail the benefits from such a project should get the application forms from the Urban Development Authorities, Karnataka Housing Board and Urban local bodies

Yogendra, Bangalore

10th July 2013