Government approves 1.15 crore houses under PMAY-U
Real Estate

Government approves 1.15 crore houses under PMAY-U

The Minister of Housing and Urban Affairs Hardeep Singh Puri told the media that the government has approved 1.15 crore houses under Pradhan Mantri Awas Yojana-Urban (PMAY-U), ending in March 2022, and many under construction projects would be completed in the next 18 months.

The minister said that it is not under consideration to examine this continuance of the credit-linked subsidy scheme beyond March 31, 2022.

He told the media that the prime minister dreamed that every Indian has a pukka roof on their head, including kitchen and shauchalay (toilet).

The title of the house would be in the name of the house's lady, either singly or co-jointly.

In June 2015, the PMAY-U scheme was launched, and the housing demand has increased well beyond the initial projection of 1 crore.

The minister said that now, the number is 1.15 crore, and in the last three fiscal days, it would increase more.

In June 2015, every state had to submit a demand estimate to the Centre, based on which one crore houses would have to be constructed.

Singh said that under PMAY-U, the Centre approved 1.15 crore houses under four individual verticles.

Out of these, 70 lakh houses have been grounded, and nearly 46 lakh have been provided to the beneficiaries.

He said that the state government collects the demand needs of the citizens and sends them to the Central Government after consolidating them.

The Housing and Urban Affairs Minister said that the scheme has grown and completed its process, and the government would ensure the completion of any sanctioned project.

Image Source

Also read: MoHUA approves 2.02 lakh houses construction under PMAY-U

The Minister of Housing and Urban Affairs Hardeep Singh Puri told the media that the government has approved 1.15 crore houses under Pradhan Mantri Awas Yojana-Urban (PMAY-U), ending in March 2022, and many under construction projects would be completed in the next 18 months. The minister said that it is not under consideration to examine this continuance of the credit-linked subsidy scheme beyond March 31, 2022. He told the media that the prime minister dreamed that every Indian has a pukka roof on their head, including kitchen and shauchalay (toilet). The title of the house would be in the name of the house's lady, either singly or co-jointly. In June 2015, the PMAY-U scheme was launched, and the housing demand has increased well beyond the initial projection of 1 crore. The minister said that now, the number is 1.15 crore, and in the last three fiscal days, it would increase more. In June 2015, every state had to submit a demand estimate to the Centre, based on which one crore houses would have to be constructed. Singh said that under PMAY-U, the Centre approved 1.15 crore houses under four individual verticles. Out of these, 70 lakh houses have been grounded, and nearly 46 lakh have been provided to the beneficiaries. He said that the state government collects the demand needs of the citizens and sends them to the Central Government after consolidating them. The Housing and Urban Affairs Minister said that the scheme has grown and completed its process, and the government would ensure the completion of any sanctioned project. Image Source Also read: MoHUA approves 2.02 lakh houses construction under PMAY-U

Next Story
Real Estate

Mahindra Lifespaces Bags Rs 12.5 billion Redevelopment in Mulund

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project will be developed across a 3.08-acre land parcel, with an estimated development value of approximately Rs 12.5 billion. Strategically located, the site enjoys proximity to major connectivity points—just 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also offers seamless access to the Eastern Expre..

Next Story
Infrastructure Urban

Snowman Adds Warehouses in Kolkata and Krishnapatnam

Snowman Logistics, India’s leading integrated temperature-controlled logistics company, has announced the commencement of operations at its two new state-of-the-art, owned cold storage facilities in Kolkata and Krishnapatnam. With these additions, the company’s total pallet capacity has reached 1,50,754, spanning 43 warehouses in 20 cities across the country. The newly operational Kolkata facility offers a storage capacity of 5,630 pallets, while the Krishnapatnam facility holds 3,927 pallets. These warehouses are equipped with advanced automation and infrastructure designed to enhanc..

Next Story
Resources

Noesis Enables IHCL Hotel Deal in Udupi–Manipal Corridor

NOESIS Capital Advisors, India’s leading hotel investment advisory firm, has successfully facilitated a landmark hospitality transaction in the Udupi–Manipal region of Karnataka. The deal involves the acquisition of a nearly completed, 130-key upscale hotel that will operate under one of the premium brands of IHCL, reinforcing NOESIS’ position as a preferred partner for strategic hospitality transactions across India. Strategically located on the Udupi–Manipal Highway, the 1.03-acre property will cater to business travellers, pilgrims and families visiting Manipal University. With..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?