CHENNAI: Beneficiaries of the 1,152 tenements at Perumbakkam, built under the Union government’s Light House Project, are a happy lot. After paying just ₹1.5 lakh for a 406sqft flat (a similarly sized apartment bought from a private builder in the area will cost at least 10 times more), they are thrilled that they have been provided with state-of-the art facilities.
The project, launched in six cities including Chennai is meant for the urban poor. Each flat in the complex constructed by the TN Urban Habitat Development Board (TNUHDB), formerly the Tamil Nadu Slum Clearance Board (TNSCB), and the Union ministry of housing and urban affairs, costs ₹10.55 lakh, with the Union government contributing ₹5.55 lakh and the state ₹3.5 lakh.
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