More satellite towns planned: Katta

“Along with Bangalore, even the tier-II and III cities are getting congested. Satellite towns will be developed to ease the pressure on such cities,” said Minister for Housing and Information Technology Katta Subramanya Naidu here on Wednesday.

The State government will acquire 500 to 1,000 acres of land near the City for the purpose. Houses will be constructed on 50 per cent of the land, he said.

The Minister said that applications for BSY-Bhagya-Sampada-Yashas housing scheme will be invited from August 30. The scheme will be implemented on experimental basis in Bangalore, Mysore and Hubli. The process of constructing 5,000 houses under Vajpayee Housing Scheme will commence in a month, he added.

Naidu said that Rs 50,000 will be provided in the form of subsidy and loan from banks respectively while beneficiaries will have to pay Rs 30,000 under the scheme. The loan can be cleared in 15 years in annual installments, he informed.

He said construction of 34,000 houses in flood-hit north Karnataka has already begun and expressed confidence of completion of 90 per cent of work by December.