Chief Minister Yogi Adityanath will hand over flats of 415 square feet area to 1,040 poor urban people at the rate of just Rs 4.75 lakh.
The total cost of the flat will be Rs 12.59 lakh and out of this, Rs 7.83 lakh will be given as a grant by the Central and the state governments.
The allotment of these flats will be done as per Pradhan Mantri Awas Yojana (Urban) guidelines and through the District Urban Development Authority (DUDA).
As many as 14 states had applied to the Union Housing and Urban Affairs ministry for these EWS houses Under the Global Housing Technology Challenge India (GHTC India).
Out of these, six states Madhya Pradesh (Indore), Gujarat (Rajkot), Tamil Nadu (Chennai), Jharkhand (Ranchi), Tripura (Agartala) and Uttar Pradesh (Lucknow) have been selected to build houses under the light house project.
All preparations have been completed for the construction of the proposed light house project (LHP) in the Awadh Vihar Yojana along the Shaheed Path.
Prime Minister Narendra Modi will lay the foundation stone of the project on January 1 next year and Chief Minister Yogi Adityanath will be present at the foundation stone laying ceremony venue.
The light house project will be implemented in a 34.50 square metre carpet area.
Under this programme, 14 storey towers will be built and 1,040 flats will be given to people belonging to the weaker section.
New technologies will be used in the implementation of this project, due to which the construction work will be completed in just 15 days.
The LHP will transform the construction sector as it will develop a new pace of construction and the use of pre-fabricated items will make the construction more sustainable and environment-friendly.
Out of Rs 12.59 lakh cost of a flat, the Government of India will give Rs 5.50 lakh subsidy — Rs 1.5 lakh subsidy under Pradhan Mantri Awas Yojana (PMAY) Scheme and Rs 4 lakh under the Technical Innovation Grant (TIG).
The state government will also provide subsidy of Rs 1 lakh under the PMAY and Rs 1.33 lakh under the TIG.