The Greater Bengaluru Authority (GBA) has deposited ₹5 lakh each into the accounts of 550 beneficiaries under its housing scheme. While the financial assistance has been disbursed, the actual house allotments remain pending. Officials say the funds are meant to support beneficiaries until housing units are formally allocated in upcoming phases.
The Greater Bengaluru Authority (GBA) announced that it has transferred ₹5 lakh each to 550 beneficiaries as part of its affordable housing initiative. The move provides immediate financial support to families awaiting permanent housing under the scheme.
Officials clarified that while the monetary deposits have been made, the physical allotment of houses is yet to be completed. The authority is currently finalizing construction schedules and allocation procedures, with assurances that beneficiaries will receive their homes in due course.
This initiative reflects the government’s commitment to urban housing and welfare programs, aiming to reduce housing shortages in Bengaluru’s expanding metropolitan region.
Notable Updates / Major Takeaways
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Beneficiaries Covered: 550 individuals/families.
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Financial Support: ₹5 lakh deposited per beneficiary.
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Pending Action: Houses not yet allotted; allocation process underway.
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Strategic Aim: Strengthen affordable housing and welfare delivery in Bengaluru.
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Future Outlook: Housing allotments expected in subsequent phases of the scheme.
Sources: The Hindu Bengaluru Bureau; Deccan Herald Urban Affairs Desk; Business Standard Infrastructure Coverage