The Bodhan Housing project was initiated by the Telangana state government in collaboration with SPARC Samudaya Nirman Sahayak (SSNS) and aims to develop homes that will house families living below the poverty line (BPL). Apartment buildings are under construction in Bodhan Town, Nizamabad District, creating 382 two-bedroom homes that will be fully equipped with water, sanitation and energy. Financed through the state government, the project employs Reall’s recycled funds from previous SSNS projects to bridge finance construction, with government payments at set construction milestones.
To qualify for the housing, homeowners will have to verify their income and any assets owned with the local government to establish their BPL status. Programmes like this are increasing throughout India with state advertisements encouraging families on low incomes to apply. The houses will then be allotted through a lottery-based system, at no cost to the new residents.
|Description||Type||Number Expected||Completion Cost |
|2 bedroom apartments. Land cost not included.||Basic||384||470000|
Of INR 65,000,000 total investments, INR 65,000,000 was recycled funds from previous project payments
Of $890,912 total investments, $890,912 was recycled funds from previous project payments
Based on exchange rate on 31/12/2020
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Data last updated on 10/03/2021