The Bhubaneswar Development Authority (BDA) will soon launch an affordable housing scheme in Gothapatna with flats cost of as low as Rs. 5 lakh. The project will be build on a 20 acre plot through public private partnership mode (PPP).
The authority will soon invite expression of interest from the private developers for constructing houses. The private partner selected will be free to use the 25 per cent land for residential and/or commercial purpose while rest 75% of the construction area in the project will be reserved for the economically weaker section (EWS) and lower income group (LIG) of the society.
The flats will be subsidized in order to make the project truly affordable and International Finance Corporation (IFC) will provide financial aid for the purpose. The project will constitute of G+4 (ground+ four) structures for EWS homes.
BDA may invite applications for the scheme through online mode and is preparing an online platform for the same along with preparing an allotment manual. All the data of the applicants and beneficiaries will be stored into the online database. The scheme will offer reservations to the households headed by women, SC/ST category and disabled.
Similar to DDA 2014 flat scheme, BDA is also planning to introduce a new clause of withholding the ownership right of the flats for up to 10 years. In this case, the beneficiary will not be allowed to sell the flat to any third person. However in some conditions, the flat will be purchased only by the authority and will be allotted to the applicants in queue. Bank loan facility will also be provided to the beneficiaries of the flats.
EWS houses in the scheme will be constructed in a minimum 20 sq. mt. carpet area and a super-built up area (the saleable space) of 25 sq. mt. Applicants with less than Rs 7,500 monthly income will be eligible for the EWS flats while the monthly income for LIG flats can be between Rs 7,501 – 15,000.