15-storey highrises for poor in Bengaluru
The budget has an answer to the housing problem faced by the poor due to lack of land in Bengaluru: Build 15-storey structures (ground floor + 14 floors) at selective places.
However, the budget gave no details on where it plans to locate the proposed high-rises and their execution. The CM also announced that the previous government’s ‘Chief Minister’s One Lakh Houses’ project, which aimed to provide housing for the poor, will be extended to all cities in the coming years.
The budget said it will explore additional FAR model instead of Transfer of Development Rights (TDR) to fast-track housing projects for the poor.