Construction majors gung ho over proposal Vijayawada: Interestingly, around 5 to 6 construction majors have submitted their proposals to the ministry of housing, related to urban housing.
Two of them have stated that Emmedue stechnology framework can be used as an alternate technology system to design, finance, build and transfer at least 1,00,000 houses in 2 years in the affordable segment against a state government guarantee in a PPP model.
Construction Majors Gung ho Over Proposal Vijayawada Ministry Of Housing
They asked the AP government to provide necessary approvals, access to land at a price and acts as an aggregator of demand for the poor to deliver a large stock of affordable houses very quickly, These houses Would be in the configuration Or variants of 30 to 60 sq mts in size and Would be meant for the EWS and LIG segments of the Society.
Construction Majors Gung ho Over Proposal
They stated that they Would deliver them in 24 months in a lot of 1,00,000 at an estimated per sq ft selling price of bet Ween R1.500 to R2,000 and the final product with lock and key would come at a price point of R5 lakh to R6 lakh for the 30 sq mt and R10 to R12 lakh for the 60 sq m configuration or variants thereof for the finished ready to move in product with lock and key, all depending upon the specifications and totally funded by the consortium of Overseas developers for the project execution period.
Price is said to be affordable – R1,500 to R2,000 psf depending on monolithic G+3 or steel framed G+14 or higher structures, and quality of houses built to last 120 years or more.
Interestingly, the then secretary (Housing) Luv Agarwall had tur ned down the proposal, basing on the advice of his team of officers.