Government approved construction of 117,814 more affordable houses under the Pradhan Mantri Awas Yojna in six states with total investment of Rs 5,773 crore and central assistance of Rs 1,816 crore.
Centre ensures houses sanctioned are constructed quickly. According to government release, the total number of affordable homes sanctioned under PMAY so far has gone up to 1,760,507, with a total investment of Rs 96,018 crore and a central assistance of Rs 27,714 crore.
Home buyers’ group ‘Fight for RERA’ has insisted the government to announce March 10 as ‘Homebuyer’s Day’. This day is highlight the empowerment of homebuyers, who have being suffering in the hands of developers. The Real Estate (Regulation and Development) Bill was passed last year on March 10 after a long wait of 8 years. The Bill was introduced in Rajya Sabha by the UPA government on August 14, 2013 and was referred to the select committee of Rajya Sabha on May 6, 2015 after the BJP government came to power.
In a letter to Union minister for housing M Venkaiah Naidu on February 27, the home buyers’ group has also asked the minister to announce awards to be presented on this day every year by the ministry for such homebuyers or homebuyers group which have taken forward the agenda of fulfilling home buyers aspirations.
The committee report was listed in Rajya Sabha on July 30, 2015, and received the cabinet approval on December 9, 2015. The Real Estate (Regulation & Development) Act, 2016 (RERA) was finally notified on May 1 last year.
Fight For RERA has played an active role in aggressively lobbying for the passage of the real estate regulatory Act. However, only four states of Gujarat, Madhya Pradesh, Maharashtra, Uttar Pradesh and six Union Territories have notified the final rules so far.