Around 35,000 Houses have been given for construction under NTR Urban Housing Programme to Tirupati Urban Development Authority (TUDA).
TDP Government has allowed TUDA to take up the housing scheme in 4 constituencies – Tirupati, Chandragiri, Srikalahasti and Nagari. Middle Class and Poor people residing in 167 villages in these 4 constituencies will be benefitted from NTR Urban Housing Scheme.
To avail the benefit under NTR Urban Housing Scheme, the beneficiary will have to contribute Rs. 40,000 against which he will be given a subsidy of Rs. 2.5 lakh by the government.
The NTR Urban Housing Scheme is applicable to the apartments for which the government will grant a subsidy of Rs. 3 lakh. The beneficiary contribution is only Rs. 5000 to the people who come under BPL and Rs. 50,000 to others. The beneficiary should have annual income of maximum Rs. 6,00,000 to avail the scheme.
TUDA is expecting the demand for the houses under NTR Housing Scheme to be around 50,000. It will seek the government to increase the number of houses to be constructed under NRT Urban Housing Scheme.