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

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

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

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

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement