BENGALURU: In a bid to spice up gross sales of its flats in Bengaluru, the Karnataka Housing Board has slashed the preliminary deposit to be paid via flat buyers to Rs 50,000 from Rs five lakh.
Housing minister U T Khader informed newshounds on Tuesday that the verdict was once taken after he found there were not many takers for residences constructed via the board in numerous portions of the city. The board has constructed two condo blocks in Kengeri and greater than 50% of the flats remain unsold.
The board has additionally decided to chill out prerequisites like mandatory submission of source of revenue certificates and the patron having to be a resident of Bengaluru for 10 years.
The board has additionally performed away with the rule that customers should no longer previously personal any belongings.
“We have relaxed those prerequisites conserving in mind festival within the housing sector from private gamers,” Khader mentioned. “Now we've decided to allot flats on first-come-first-serve foundation.”
The board is also mulling development apartments with greater than 10 floors, like private developers do, as a way to cater to the housing needs of folks and also conserving in mind shortage of availability of land. Currently, the board builds most effective G+3 apartments.
Tie-up with cooperative societies
The housing department has decided on tie-u.s.with native cooperative societies to provide momentary loans for beneficiaries of more than a few government housing schemes.
“As in keeping with the rule, the beneficiary gets the primary instalment of Rs 35,000 most effective after crowning glory of the basis of the house,” the minister mentioned.
“The deficient are discovering it tricky to prepare the cash to complete the basis. As a result, beneficiaries have no longer been able to use the schemes. To steer clear of this, the dep. is considering of forging a tie-up with native cooperative societies to lend Rs 35,000 to beneficiaries once they get allotment letter. The government will stand guarantee for the loan.”
Housing minister U T Khader informed newshounds on Tuesday that the verdict was once taken after he found there were not many takers for residences constructed via the board in numerous portions of the city. The board has constructed two condo blocks in Kengeri and greater than 50% of the flats remain unsold.
The board has additionally decided to chill out prerequisites like mandatory submission of source of revenue certificates and the patron having to be a resident of Bengaluru for 10 years.
The board has additionally performed away with the rule that customers should no longer previously personal any belongings.
“We have relaxed those prerequisites conserving in mind festival within the housing sector from private gamers,” Khader mentioned. “Now we've decided to allot flats on first-come-first-serve foundation.”
The board is also mulling development apartments with greater than 10 floors, like private developers do, as a way to cater to the housing needs of folks and also conserving in mind shortage of availability of land. Currently, the board builds most effective G+3 apartments.
Tie-up with cooperative societies
The housing department has decided on tie-u.s.with native cooperative societies to provide momentary loans for beneficiaries of more than a few government housing schemes.
“As in keeping with the rule, the beneficiary gets the primary instalment of Rs 35,000 most effective after crowning glory of the basis of the house,” the minister mentioned.
“The deficient are discovering it tricky to prepare the cash to complete the basis. As a result, beneficiaries have no longer been able to use the schemes. To steer clear of this, the dep. is considering of forging a tie-up with native cooperative societies to lend Rs 35,000 to beneficiaries once they get allotment letter. The government will stand guarantee for the loan.”
Deposit amount for buying B'luru flats slashed
![Deposit amount for buying B'luru flats slashed]()
Reviewed by Kailash
on
June 12, 2018
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