The Andhra Pradesh government, on the occasion of the birthday of Chief Minister YS Jagan Mohan Reddy, announced that over 52 Lakh families have been given full rights to their houses under the AP government’s new scheme, Jagananna Sampoorna Gruha Hakku or One-Time Settlement (OTS) scheme, which was formally launched today at Tanuku, in West Godavari district.
Addressing the public, Jagan said that the beneficiaries can now pass on the houses to the next generations as an asset, can avail bank loans, and can also sell their property at a market rate without any hassles. Also, as part of the scheme, the government is waiving off the Rs 10,000 crore outstanding housing loans of 40 lakh beneficiaries who availed loans from the AP Housing Board Corporation since 2011. They will be given house documents with clear titles with free registration benefitting 52 lakh families. As part of the scheme, the Chief Minister distributed registered documents to 8.26 lakh people who have enrolled for OTS.
Similarly, people who have constructed houses in the government allotted lands with their own money and don’t have full rights, can avail registration by paying just Rs 10 and securing their property. For free registrations alone, the government has been spending Rs 6,000 crore.
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