Residents of government flats in Kolkata will soon be able to buy them
The proposal pertains to only LIG, MIG and HIG housing estates as the state has decided not to develop new complexes under these three categories anymore.

The proposal, though, pertains to only LIG (low-income group), MIG (middle-income group) and HIG (high-income group) housing estates as the state has decided not to develop new complexes under these three categories anymore.
Replying to a question by Trinamool Congress MLA Bankim Chandra Hazra at the House, housing minister Sovan Chatterjee on Tuesday said, "The government has decided not to develop new flats under LIG, MIG and HIG categories. Hence, it will sell the existing flats. The government officials and staff who reside in the housing estates can now enjoy ownership of their respective flats if they agree to pay the amount fixed by the government. We are also giving the same offer to the former employees, who are still residing in these housing estates, as well as to those who are not the authorized residents," said Chatterjee.
"We don't intend to evict anyone. That's why we are extending the opportunity to even those who are not the lawful residents of the apartments," added Chatterjee. The department is currently calculating the price. The minister has also assured that the prices would be affordable.
A source in the housing department said, "The government is losing revenue. In most cases, rent of these LIG/MIG/HIG flats are very low. The maintenance of the housing estates is done by the government. While the return is minimum, a lot of money is pumped in for its upkeep. It's hitting the government coffers."
Some of the rented apartments will, however, be kept outside the purview of this. Even, co-operatives can be formed to avail the opportunity. "Once the price is fixed and notice issued by the government, the entire amount has to be paid within 180 days. Else, the occupants will face eviction," an official said.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.