2 days ago
Telangana Offers Contractors Rewards for Early Indiramma Towers Completion
The Telangana government is building homes through a programme called Indiramma Towers.
It wants the homes finished within one year.
Contractors who finish early can receive extra money.
They can get ₹45 lakh for finishing one month early, or ₹90 lakh for finishing two months early.
The government plans to build one lakh flats in the Hyderabad Core Urban Region.
In Quthbullapur, 480 people were chosen to receive homes after an open lucky draw.
Officials said the selection was done transparently using an online system.
More homes are planned in three further phases, and the minister said construction quality matters.
Contractors can receive ₹45 lakh for finishing a project one month early, or ₹90 lakh for finishing two months early.
The government set a one-year deadline to complete Indiramma Towers and aims to hand homes to beneficiaries within that period.
The scheme plans to build one lakh flats within Hyderabad Core Urban Region limits.
In Quthbullapur, 5,218 of more than 7,000 applicants qualified, and 480 beneficiaries were selected through an open lucky draw.
Housing Minister Ponguleti Srinivas Reddy said construction would continue in three more phases and that quality would be a priority.
- Who
- The Telangana state government and Housing Minister Ponguleti Srinivas Reddy.
- What
- The government is offering contractors cash incentives to complete Indiramma Towers projects ahead of schedule.
- Where
- Indiramma Towers are planned across Hyderabad Core Urban Region limits; the foundation mentioned was laid at Gajularamaram in Quthbullapur constituency.
- When
- The announcement was made on Tuesday; projects have a one-year completion deadline.
- Why
- To accelerate construction of one lakh flats and ensure they are handed over to beneficiaries within a year.
Key facts
- Early completion reward
- ₹45 lakh for finishing one month before the deadline
- Earlier completion reward
- ₹90 lakh for finishing two months before the deadline
- Project deadline
- One year
- Planned housing
- One lakh flats within Hyderabad Core Urban Region limits
- Quthbullapur applications
- More than 7,000 received; 5,218 found eligible
- Quthbullapur beneficiaries
- 480 selected through an open lucky draw
- Further phases
- Construction is planned in three more phases
Sources
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