VIJAYAWADA: Municipal Administration and Urban Administration (MAUD) Minister Narayana on Monday announced that the State government aims to complete 2,61,640 TIDCO houses by June 2026, along with essential infrastructure such as parks, drains, community halls and hospitals.
Speaking during the question hour in the Assembly, Narayana said the project requires Rs 7,280 crore, which includes construction costs, infrastructure development, and Rs 3,100 crore to clear pending dues to contractors.
He accused the previous administration of mismanagement, alleging that between 2014 and 2019, it cancelled 4,39,841 of the 7,01,481 houses sanctioned by the Centre. Of the remaining, 77,350 homes were nearly completed by May 2019, yet lacked basic amenities, he claimed.
The minister further stated that construction was restricted to 88 of the 103 Urban Local Bodies (ULBs), resulting in the scrapping of 15,000 units.
He also alleged that loans were taken in the names of beneficiaries without building the houses, leaving 52,192 ineligible individuals under pressure from banks. The current government has cleared `140 crore to address this issue, he said.
Narayana criticised the previous regime for misusing funds, including painting homes in party colours while failing to pay contractors.
To finance the ongoing project, the State government plans to raise Rs 4,450 crore from HUDCO, Rs 1,725 crore through beneficiary loans, and Rs 225 crore under the AMRUT scheme. An additional Rs 818 crore is yet to be mobilised.