Funding Status

BUILDING COST FOR WORKING WOMEN’S HOSTEL PROJECT
AT HAL III STAGE, THIPPASANDRA, BANGALORE

A.Cost of Building calculated as follows:
Builtup Area of Proposed construction                 1450 sq metres (approx)
Estimated cost of building  @ Rs.13000/sq mt        Rs.185  lakhs
Cost of fittings, furnishings, lift, etc                       Rs.100 lakhs
Total   Estimated Cost                                        Rs.285 lakhs

B.Sources of funds :
Grant-in-Aid from Women & Child Dept, GOI          Rs.46.13 lakhs
Contribution from WCD, State Govt                       Rs   7.00 lakhs
From MPLADS (Dr.K.Kasturirangan,                       Rs.25.00 lakhs
Former MP, now member Planning Commn)
Funds raised by UWA at fundraising event and       Rs.   6.00 lakhs
donations from well-wishers       
Biocon Foundation/Kiran Mazumdar Shaw              Rs. 10.00 lakhs                     
Total Funds Assured                                           Rs.94.13 lakhs

Funds still required to be raised     A-B            Rs. 191  lakhs

Note:
UWA has  invested approximately Rs.20 lakhs in the cost of leasehold land at HAL III Stage , Plan Sanction Fees, PWD fees , Bank interest and other related costs (not included in the amount of Rs.285 lakhs above), from own funds,  and donations received from well-wishers.