Under the smart city mission, this affordable housing will be developed in public-private partnership (PPP) mode. This will be the first housing scheme under the smart city mission.
For this project, the empowered committee on infrastructure (ECI) chaired by chief secretary A P Padhi has allowed the smart city authorities to float tender to engage private players. “The low-cost houses would come up in Shantinagar,” said state PPP cell head P K Jena, as reported by The Times of India.
The state government has agreed to provide 10 acres of land for this housing project. The construction cost of each house will be around Rs. 7 lakhs but the house will be provided at a cost of Rs 1.5 lakh for the beneficiary. The centre government will grant Rs.1 lakh for each housing unit, the remaining amount would be spent by the state government and private developer.
The private developer will use 35% of the total space allocated to develop commercial projects After completion of the project, the Bhubaneswar Municipal Corporation would select the beneficiaries from among the below poverty line (BPL) category under the project.