Centre approves Rs 101 crore for Telangana's Indiramma Towers under PMAY-U 2.0

HYDERABAD: The state administration has received a major boost to its aims for constructing Indiramma Towers in the CURE area, with the Centre approving Rs 100.8 crore towards the construction of 6, 720 flats under the Pradhan Mantri Awaas Yojana (Urban) 2.0 (PMAY-U 2.0).

Key points

• The Centre has stipulated that all sanctioned houses should be grounded by November 2026 and completed within 18 to 24 months, with completion projected between September 2028 and September 2029.
• They remarked the Centre is anticipated to release Rs 40.32 crore towards construction and Rs 10.08 crore as the Technology Innovation Grant in the first instalment of its share.
• The total estimated cost of the 6, 720 flats is Rs 739.2 crore.
• Chief Minister A Revanth Reddy lately laid the foundation stone for Indiramma Towers at KPHB Colony.
• Under the Indiramma Towers scheme, the state administration has fixed the construction cost of each flat at Rs 11 lakh.

In practice, the Central Sanctioning and Monitoring Committee under the Ministry of Urban Development lately approved 6, 720 flats under 14 Affordable Housing in Partnership (AHP) projects proposed by the state administration.

Meanwhile, the total estimated cost of the 6, 720 flats is Rs 739.2 crore. While the state administration will contribute Rs 67.2 crore and urban local bodies Rs 147.84 crore, of this, the Centre will provide Rs 100.8 crore as its share. The remaining Rs 403.2 crore will be contributed by beneficiaries. The Centre has additionally approved Rs 20.16 crore as a Technology Innovation Grant.

Chief Minister A Revanth Reddy lately laid the foundation stone for Indiramma Towers at KPHB Colony. Authorities stated the Centre's approval would enable the state administration to expedite construction of Indiramma Towers in the CURE area.

Meanwhile, the Centre has stipulated that all sanctioned houses should be grounded by November 2026 and completed within 18 to 24 months, with completion projected between September 2028 and September 2029. Nevertheless, the state administration has confirmed that it would complete the construction within a year.

Under the Indiramma Towers scheme, the state administration has fixed the construction cost of each flat at Rs 11 lakh. While the beneficiary will contribute the remaining Rs 6 lakh, of this, the administration will bear Rs 5 lakh.

In practice, the Centre has directed the state administration to ensure that the sale rate of the houses is fixed and not altered under any circumstances.

In short, centre approves Rs 101 crore for Telangana' s Indiramma Towers under PMAY is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.