Tag: Life Mission housing scheme

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Kerala Govt Approves ₹1,500 Crore Loan for LIFE Mission Housing

THIRUVANANTHAPURAM: On Wednesday, the state cabinet granted in-principle approval to secure a loan of ₹1,500 crore from Hudco, guaranteed by the government, through KURDFC for the LIFE Mission housing initiative. Of the total ₹1,500 crore, ₹1,100 crore will fund the construction of 127,601 houses, while ₹400 crore will be allocated for housing assistance to Scheduled Caste and Scheduled Tribe beneficiaries in gram panchayats where they make up the majority of the LIFE list. The borrowing will occur over two years, with ₹750 crore earmarked for each of the fiscal years 2025-26 and 2026-27. The loan will be repaid over 15…

Latest StoriesResidential

Kochi Starts Building New Homes for Shanthipuram Residents

KOCHI: Housing reconstruction has officially commenced in the Shanthipuram Colony, located in the 44th division of Kochi corporation, Karanakodam. The project aims to build new homes for 197 families, funded by Life Mission and Corporate Social Responsibility (CSR) initiatives. The current houses are dilapidated and insecure. “One of the long-term objectives of the municipality is to provide residents with safe and secure homes, as outlined in our budget. Under the guidance of the Azadi Group’s Architecture Engineering College, plans have been created for apartment complexes containing eight units each, across three cents,” stated Mayor M. Anilkumar. “The estimated cost to…