Centre’s final push for urban housing scheme

25 Jan 2021 Editorial Team

The Narendra Modi-led central government’s ambitious Pradhan Mantri Awas Yojana (Urban) programme is likely to cross the final lap in the Budget 2021 as the deadline for the scheme is next year.

The mission which was launched in June 2015 intends to provide housing for all in urban areas by 2022

As per government data, the government has sanctioned 109.2 lakh houses against the demand of 112.2 lakh houses in Indian cities, of which over 70 lakh houses have been grounded (foundation laid) for construction and work is in various stages. Over 41 lakh houses have been completed till January.

The Centre provides assistance to the implementing agencies through Central Nodal Agencies (CNAs) and states for providing houses to all eligible families/ beneficiaries against the validated demand for houses.

4th Indian Cement Review Conference 2021
17-18 March

Click for event info

_________________________________________________________________________________

The Centre faces a major challenge in encouraging States to complete the construction of grounded houses to achieve the target by the next year.

To ensure availability of funds, in addition to budgetary resources, the government has already created the National Urban Housing Fund (NUHF) of Rs 60,000 crore for raising extra-budgetary resources in phases for rapid implementation of the scheme.

Out of the committed central assistance of Rs 175,737 crore, about 47% ( Rs 82,978 crore) has been released till this month. Over 87% of the released amount has been utilised for construction.

Importance of the scheme

"In-situ" Slum Redevelopment (ISSR), affordable housing in partnership with the public or private sector and beneficiary-led individual house construction enhancements are three components of the scheme. The fourth component includes the Credit Linked Subsidy Scheme covering economically weaker sections, low-income, and middle-income groups in urban areas.

Housing for the slum dwellers and other people belonging to economically weaker sections in cities was one of the major promises made by the BJP during the 2014 elections.

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 Narendra Modi-led central government’s ambitious Pradhan Mantri Awas Yojana (Urban) programme is likely to cross the final lap in the Budget 2021 as the deadline for the scheme is next year.The mission which was launched in June 2015 intends to provide housing for all in urban areas by 2022 As per government data, the government has sanctioned 109.2 lakh houses against the demand of 112.2 lakh houses in Indian cities, of which over 70 lakh houses have been grounded (foundation laid) for construction and work is in various stages. Over 41 lakh houses have been completed till January. The Centre provides assistance to the implementing agencies through Central Nodal Agencies (CNAs) and states for providing houses to all eligible families/ beneficiaries against the validated demand for houses.4th Indian Cement Review Conference 202117-18 March Click for event info_________________________________________________________________________________ The Centre faces a major challenge in encouraging States to complete the construction of grounded houses to achieve the target by the next year. To ensure availability of funds, in addition to budgetary resources, the government has already created the National Urban Housing Fund (NUHF) of Rs 60,000 crore for raising extra-budgetary resources in phases for rapid implementation of the scheme. Out of the committed central assistance of Rs 175,737 crore, about 47% ( Rs 82,978 crore) has been released till this month. Over 87% of the released amount has been utilised for construction. Importance of the scheme In-situ Slum Redevelopment (ISSR), affordable housing in partnership with the public or private sector and beneficiary-led individual house construction enhancements are three components of the scheme. The fourth component includes the Credit Linked Subsidy Scheme covering economically weaker sections, low-income, and middle-income groups in urban areas. Housing for the slum dwellers and other people belonging to economically weaker sections in cities was one of the major promises made by the BJP during the 2014 elections.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Infrastructure Transport

05 Sep 2025

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Infrastructure Transport

05 Sep 2025

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..