investment – Page 4 – FindMyProperty

To be announced shortly, are the names of 10 more cities which will be financed under the Center’s flagship Smart City Mission, Hardeep Singh Puri, Union Minister remarked on Tuesday.

Till now, the names of 90 cities have been announced by the housing and urban affairs ministry which the government intends to help under the scheme.

Every city will get Rs 500 crore under the scheme as central assistance for implementing various projects.

“The Smart Cities Mission is progressing at a brisk pace. Ninety cities have been selected so far. The selection of 10 more cities will be announced shortly,” Hardeep Singh Puri, the Minister of State (Independent Charge) for Housing and Urban Affairs, said

He also added there were about 3,000 projects worth Rs 1,40,000 crore at different phases of execution under the plan.

To enhance the coverage, the guidelines of the housing scheme for urban areas under the Pradhan Mantri Awas Yojana have been revised by the HUA (Housing and Urban Affairs) Ministry.

According to the revised guidelines, areas covered under the notified planning or development area under the jurisdiction of a special area development authority or urban development authority or industrial development authority or any such body under state legislation which is assigned with the tasks of planning and regulations shall also be encompassed for coverage under PMAY (U).

The housing scheme is being implemented by rural development ministry in rural areas under Pradhan Mantri Awas Yojana (Gramin) and by HUA ministry in urban areas under Pradhan Mantri Awas Yojana (Urban).
The rural development ministry is implementing the housing scheme in rural areas under PMAY (Gramin); while in urban areas, the housing scheme is being implemented by Housing and Urban Affairs (HUA) ministry under PMAY (Urban).

“The beneficiaries in the permanent wait list of PMAY (Gramin) will have the flexibility for opting for a house under PMAY (Gramin) or PMAY (Urban)”, the HUA said.
The beneficiary who would avail a house under this revision will not be refused the benefits of all future and existing rural schemes.