Centre allocates Rs 48k cr for 80 lakh homes construction under PMAY

03 Feb 2022 CW Team

On Tuesday, Finance Minister Nirmala Sitharaman declared the allocation of a whopping Rs 48,000 crore for the completion of 80 lakh homes under the Pradhan Mantri Awas Yojana (PMAY), both rural and urban, during the coming fiscal year.

In her budget speech, the minister said that in 2022-23, 80 lakh homes will be achieved for the recognised qualified beneficiaries of PM Awas Yojana, both rural and urban. Rs 48,000 crore is allotted for this goal.

The Centre would work with states for reduction of time needed for all land and construction-related permissions, for encouraging affordable housing for middle-class and Economically Weaker Sections (EWS) in urban regions, she said.

They shall additionally work with the financial sector regulators to boost access to capital along with a reduction in the cost of intermediation. For better land records management, Sitharaman said that the states will be uplifted to adopt Unique Land Parcel Identification Number (ULPIN) to boost IT-based management of records.

The facility for transliteration of land records across any of the Schedule VIII languages will additionally be launched.The adoption or linkage with National Generic Document Registration System (NGDRS) with the 'One-Nation One-Registration Software' will be encouraged as an option for a uniform process for listing and 'anywhere registration' of deeds and documents.

On Monday, the economy survey emphasised that 33.99 lakh homes were achieved in 2020-21 and 26.20 lakh units as of November 25, 2021, under the Pradhan Mantri Awas Yojana - Gramin (PMAY-G) programme. For the Pradhan Mantri Awas Yojana - Urban (PMAY-U), the survey reported that 14.56 lakh homes were achieved in FY21. In 2021-22, 4.49 lakh homes were attained till December 2021.

Image Source

Also read: Govt nods 3.16 lakh houses in 17 states and UTs under PMAY

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..