Construction of 1.8 mn houses under PMAY in 3 years: Karnataka CM

02 Jun 2022 CW Team

Karnataka chief minister Basavaraj Bommai announced the construction of nearly 1.8 million houses in the next three years under the Pradhan Mantri Awas Yojana (PMAY).

The Pradhan Mantri Awas Yojana strives at ensuring a roof over the head for each family in the nation, for which nearly 18 lakh homes would be constructed in Karnataka in the next three years under the scheme, he said.

Bommai also lauded Prime Minister Narendra Modi’s initiatives like Pradhan Mantri Jan Dhan Yojana (PMJDY), Ayushman Bharat Yojana, PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi), Swachh Bharat Mission (SBM), and Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) for the welfare of the marginalised sections.

He said that the PM rolled out these initiatives so that the working class and farmers of the country could also lead a life of dignity and self-respect.

In the last eight years, he has worked tirelessly for the social and economic development of the marginalised sections, he said.

The chief minister told the media that the welfare programmes should be drafted with a bottom-to-top approach. However, the funding system should percolate from the top to the bottom.

He said that the PM has changed the welfare programme funding system via the Direct Benefit Transfer system.

No Prime Minister in the past could show the political bravery to supply tap water to each household. PM Modi not only declared the project but also assured that all the states are involved in its execution, he said.

Image Source

Also read: Maharashtra govt to extend PMAY Urban scheme till September 2022

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..