Urgent.News

What's breaking now, across thousands of outlets.

Business

Dream homes, mounting debts in Telangana

Thousands of people await selection under the Indiramma Housing scheme. But for many beneficiaries, the ₹5 lakh subsidy has fallen short of the actual construction cost, forcing them to dip into savings or take loans. With hut-dwellers prioritised under Phase II, the need to contain costs has become more urgent. What is driving construction expenses beyond ₹5 lakh, and what is the Telangana State…

Dream homes, mounting debts in Telangana

The Telangana government has offered ₹5 lakh financial aid to residents under the Indiramma Indlu scheme for building homes, but many beneficiaries have resorted to using their savings or taking out loans, as construction costs have skyrocketed. Officials believe that shear wall technology could help keep expenses within the allotted budget, but the method has not yet gained widespread adoption.

G. Suraj, a young resident from Sangareddy district, was one of the beneficiaries who received the government subsidy for his dream home, but the final construction cost him an additional ₹5 lakh beyond the assistance provided.

Written by urgent.news from The Hindu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at thehindu.com →

More in Business

More from Friday 14 August →