Bodhan Housing

  • Status: Construction
  • Country: India
  • City: Bodhan
  • Partner: SSNS
  • Year Approved: 2018
Total Invested
INR 65,000,000
Average Completion Cost
INR 470,000
Total Invested
$890,912
Average Completion Cost
$7,221
Delivery of Homes
Total Expected
Completed
Basic
384
0
Project Overview

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.

Housing Information
Description Type Number Expected Completion Cost
(Local Currency)
2 bedroom apartments. Land cost not included. Basic 384 470000

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
INR 65,000,000
$ 890,912

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

Funds Recouped from Third Parties
Funds Recouped from Third Parties
INR 96,652,666
$ 1,324,754

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Data last updated on 10/03/2021