Telangana govt to build 2 million Indiramma houses in four years

25 Oct 2024 CW Team

Telangana’s revenue and housing minister, Ponguleti Srinivasa Reddy, announced that the government will sanction 3,500 to 4,000 Indiramma housing units in each of the 119 assembly constituencies by the end of October, marking the first phase of a large-scale housing initiative.

The state aims to provide 2 millionIndiramma houses to all eligible poor families over the next four years, ensuring no discrimination based on caste, creed, region, or political affiliation. Speaking at a program where beneficiaries in Goshamahal constituency received possession documents for double-bedroom homes, Reddy reiterated the government's commitment to fulfilling its housing promises.

Highlighting financial challenges, Reddy noted that despite inheriting over Rs 7 trillion in debt and Rs 400 billion in unpaid bills from the previous BRS government, the current Congress-led administration under Chief Minister A. Revanth Reddy and Deputy CM Bhatti Vikramarka is working to deliver on election promises.

Additionally, Reddy shared that the Union housing joint secretary recently visited Hyderabad, and the state has requested additional central funding under the Pradhan Mantri Awas Yojana to accelerate the project. Transport and BC welfare minister Ponnam Prabhakar criticized the BRS government for failing to deliver on its pledge to provide 2-BHK units to the homeless but affirmed that the Congress government remains focused on fulfilling its housing commitments step by step. (ET)

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..