Ahmedabad Municipal Corporation (AMC) is building up to 20,000 houses for economically weaker sections (ECSs). The urban poor residing in slums and chawls will be soon moving to neat house. AMC is developing these houses at 29 locations in the city at an estimated cost of Rs 350 crore.
AMC is building up to 20,000 houses from loan of Rs 120 crore from Central bank of India. The project is a part of Jawaharlal Nehru National Urban Renewal Mission (JNNURM). The project provides affordable homes for urban poor. AMC will build 32,640 homes which include Ahmedabad Urban Development Authority (AUDA) areas with facilities like drainage, water supply and other basic infrastructures.
Actual price for a house is around Rs 2.55 lakh which includes tender premium and price escalations. The beneficiary will have to pay only Rs 66,900 per house and one can pay Rs 20 to 30 per day for an EMI of 20 years. These houses are monolithic structures which don’t need walls to be plastered.