Government approves 1 lakh more affordable homes under PMAY

Government approves 1 lakh more affordable homes under PMAY

Government has approved the construction of 100,537 more affordable homes under Pradhan Mantri Awas Yojna PMAY (Urban) with an investment of Rs 4,200 crore. With this, the ministry of housing and urban poverty alleviation (HUPA) has so far approved 1,875,389 homes for the economically weaker sections under PMAY(Urban) in 2,151 cities and towns in 34 states and union territories (UTs), with a total investment of Rs 1,00,466 crore.

Around 1,065,058 houses were approved under the beneficiary led construction component of PMAY (Urban), wherein beneficiaries get a central assistance of Rs 1.50 lakh each to undertake new construction or enhancement of existing houses. A total of 587,115 homes have been sanctioned under affordable housing in partnership under which state governments provide land/financial assistance for housing projects for which central assistance of Rs 1.50 lakh each is given per beneficiary.

Other states have been asked to submit proposals by 2018 so that construction could be completed by 2022.

April 27, 2017 / 1 Comment / by / in , , ,
  • Satendra Kumar

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