Centre Mulls Expanding Urban Housing Subsidies
Real Estate

Centre Mulls Expanding Urban Housing Subsidies

The central government is contemplating broadening the scope of housing subsidies for the urban poor under the Pradhan Mantri Awas Yojana (PMAY). This move aims to enhance accessibility to affordable housing solutions and improve living conditions for marginalised urban communities.

Currently, PMAY provides subsidies to economically weaker sections (EWS) and lower-income groups (LIG) for the construction and purchase of houses. However, the proposed expansion would extend subsidies to a wider demographic, potentially including middle-income groups (MIG), to address the diverse housing needs of urban residents.

The initiative aligns with the government's commitment to inclusive development and housing for all, aiming to bridge the affordability gap and promote homeownership among various socio-economic segments. By expanding the subsidy scope, PMAY seeks to empower more urban dwellers with the opportunity to own affordable and quality homes.

Additionally, widening the subsidy eligibility criteria could stimulate demand in the housing sector, boost construction activity, and create employment opportunities, thereby contributing to economic growth and urban development.

The deliberation on expanding housing subsidies reflects the government's responsiveness to evolving socio-economic realities and the need to tailor policies accordingly. It underscores a proactive approach towards addressing housing challenges and fostering sustainable urbanisation across India.

Overall, the potential expansion of housing subsidies under PMAY signals a significant step towards achieving the vision of housing for all and ensuring inclusive growth in urban areas.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

The central government is contemplating broadening the scope of housing subsidies for the urban poor under the Pradhan Mantri Awas Yojana (PMAY). This move aims to enhance accessibility to affordable housing solutions and improve living conditions for marginalised urban communities. Currently, PMAY provides subsidies to economically weaker sections (EWS) and lower-income groups (LIG) for the construction and purchase of houses. However, the proposed expansion would extend subsidies to a wider demographic, potentially including middle-income groups (MIG), to address the diverse housing needs of urban residents. The initiative aligns with the government's commitment to inclusive development and housing for all, aiming to bridge the affordability gap and promote homeownership among various socio-economic segments. By expanding the subsidy scope, PMAY seeks to empower more urban dwellers with the opportunity to own affordable and quality homes. Additionally, widening the subsidy eligibility criteria could stimulate demand in the housing sector, boost construction activity, and create employment opportunities, thereby contributing to economic growth and urban development. The deliberation on expanding housing subsidies reflects the government's responsiveness to evolving socio-economic realities and the need to tailor policies accordingly. It underscores a proactive approach towards addressing housing challenges and fostering sustainable urbanisation across India. Overall, the potential expansion of housing subsidies under PMAY signals a significant step towards achieving the vision of housing for all and ensuring inclusive growth in urban areas.

Next Story
Infrastructure Urban

DRDO Transfers Key Defence Materials Tech to Industry

The Defence Metallurgical Research Laboratory (DMRL) of DRDO in Hyderabad has transferred three advanced indigenous materials technologies to leading Indian industry partners, marking a major step towards self-reliance in strategic defence manufacturing. The Licensing Agreement for Transfer of Technology (LAToT) documents were handed over by Dr Samir V Kamat, Secretary of Defence R&D and Chairman of DRDO, at a ceremony held at DMRL on 30 August 2025.The transferred technologies include:High-Strength Radomes: Transferred to BHEL, Jagdishpur, this technology enables the manufacture of high-p..

Next Story
Infrastructure Energy

Coal Ministry Honours Top Mines for Safety and Sustainability

The Ministry of Coal hosted the Star Rating Award Ceremony in Mumbai to recognise outstanding coal and lignite mines for their achievements in safety, environmental responsibility, scientific operations, and community welfare. Union Minister of Coal and Mines Shri G. Kishan Reddy, accompanied by Minister of State Shri Satish Chandra Dubey and Secretary Shri Vikram Dev Dutt, presented the accolades.The awards celebrate mines that have demonstrated excellence across key parameters such as safety, productivity, scientific mining, environmental stewardship, and socio-economic impact. The Minister ..

Next Story
Infrastructure Urban

Modi Highlights Decade of Bold Economic Reforms

Prime Minister Shri Narendra Modi reaffirmed the government’s steadfast commitment to economic reforms over the past decade, highlighting transformative measures that have redefined India’s fiscal structure and enhanced its global economic position.Citing major initiatives such as corporate tax cuts to encourage investment, the implementation of the Goods and Services Tax (GST) to unify the national market, and reforms in personal income tax to improve Ease of Living, Modi emphasised that the reform agenda has consistently been citizen-focused and pro-growth.He welcomed the ongoing #NextGe..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?