Sri Lanka to launch housing pilot project for low income groups; to be paid in installments

ECONOMYNEXT – Sri Lanka’s cabinet of ministers has approved a proposal to build 72 affordable houses in Ranpokunugama, Gampaha, as part of pilot project to provide permanent homes to lower middle income families on an easy payment scheme.

A statement from the cabinet office said the proposal was made by Prime Minister Mahinda Rajapaksa who holds the Urban Development portfolio.

The project aims to provide housing to lower income families who don’t own land and have to rent a house.

The statement said the beneficiaries of the programme should have the capacity to make an initial payment of 500,000 rupees.

The rest of the cost must be paid in installments over a period on one year, and the beneficiaries can also obtain a bank loan if required, it said.

The 72 houses are to be constructed on a land in Ranpokunugama, Nittambuwa, owned by the National Housing Development Authority.

It is not clear how the beneficiaries will be selected nor how much the houses will cost.  (Colombo/Jan12/2022)

Leave a Reply

#Tags; lanka c news, jvp news, hiru news, gossip lanka news, sri lanka news