The State Cabinet on Friday slashed the price of two-bedroom houses constructed under the Chief Minister’s One Lakh Multistoried Housing Scheme from ₹15 lakh to ₹14 lakh.
The State Cabinet meeting chaired by Chief Minister Basavaraj Bommai has decided not to give subsidy for two-bedroom housing, while it continued to provide subsidy for one-bedroom housing.
Minister for Law and Parliamentary Affairs Minister J.C. Madhuswamy said two-bedroom houses would be given at their construction cost. There was a demand for 6 lakh two-bedroom houses. It was proposed that 20,000 houses be constructed under the scheme in 2022-23.
