The first ever land audit conducted by the Karnataka Housing Board (KHB) has mapped and identified 18,000 properties allotted or in possession of the Board since its inception in 1954.
Housing Minister V Somanna told reporters in Bangalore on Wednesday, that according to an initial estimate, auctioning of unallotted land in possession of the Board can fetch up to Rs 1,000 crore.
The exact number of properties that could be auctioned would be known in 15 days once the computerisation of the database is completed, Somanna said.
The proceeds from the auction will be channelled for new projects and a small percentage for the welfare of KHB employees, he added.
He said the government proposed to bring all its housing schemes under one umbrella. At present, several departments and bodies including Social Welfare, Fisheries, Bangalore Development Authority, Housing Board and city corporations are taking up housing projects.
Bringing all the schemes under one department would help in streamlining the allotment process and avoid multiple allotments of housing sites or houses, he said.
The issue would be discussed with the Union Minister for Housing and Urban Poverty Alleviation, Kumari Selja, who is scheduled to visit Bangalore on May 26, he said.
