Punjab housing and concrete improvement minister Aman Arora unfurled the nationwide flag on the district-level Republic Day perform at Shaheed Major Harminder Pal Singh Government College in Phase 6, Mohali, on Thursday.

Addressing the gathering, Arora stated the Punjab authorities had proposed to assemble 25,000 EWS flats throughout the state, of which 5,000 can be constructed in Mohali.

Priced round 8.5 lakh every, the residences might be constructed on an space of ​​30 sq. meters and comprise a front room, a bed room, a kitchen and a bathroom. GMADA plans to assemble them utilizing the newest brickless expertise and can supply financing by banks at inexpensive month-to-month installment charges.

As per the plan, the flats will come up in four-storey buildings that might be constructed at GMADA’s 4 townships — Aerocity (13.49 acres), IT City (17.48 acres), Eco City-1 (3.6 acres) and Eco City-2 (20.17 acres).

A senior GMADA official stated the structure plan for the flats had been authorized and the authority was hopeful of launching the scheme by mid-February. “Soon after the launch, tenders will be floated for the flats’ construction and applications will be invited,” he stated.

The challenge is a part of the Punjab authorities’s EWS housing coverage, which was revised and finalized in February 2021. Seven years in the past, GMADA had acquired again 230 acres from 46 builders, who had did not construct EWS homes below the coverage.