Easy finance is the key to the success of affordable housing in India
The Pradhan Matri Awas Yojana (PMAY), launched in 2015, was a promise to provide every Indian family a roof over its head before 2022, the 75th year of Indian Independence. Since then, we have been through the worst pandemic that the world has seen. But despite two waves of the pandemic, organised players are confident of steady business for the next few years and buyers are still queuing up.
Affordable housing is a sector that has been streamlined by finance. Today, of 1.1 crore houses that the government had aimed to complete, government statistics show that 1.13 crore houses have been sanctioned and 50.18 lakh houses have already been constructed. This is an all-time high for a five-to-seven-year period.
Source: MHoUA/PMAY
Click here to know more…
Also read:
E Jayashree Kurup is a researcher-writer and Director, Wordmeister Editorial Services Real Estate & Cities. Write to her at jkurup@asappmedia.com
CIDCO Floats Rs 6.1 Billion Tender For Maha Nivas Project
The City and Industrial Development Corporation (CIDCO) has floated a Rs 6.1 billion construction tender for Maha Nivas, a premium residential project in Navi Mumbai exclusively reserved for senior public officials and elected representatives. Designed by noted architect Hafeez Contractor, the development is located along Palm Beach Road in Belapur’s Central Business District.Maha Nivas will feature around 350 apartments, with 3-BHK units of 1,270 sq. ft priced at Rs 24.5 million and 4-BHK units of 1,800 sq. ft priced at Rs 34.7 million. Flats are being offered at Rs 19,500 per sq. ft, almos..
Metro Line 4 Trials In September; Launch Targeted This Year
Deputy Chief Minister Eknath Shinde on Sunday announced that trial runs for Mumbai Metro Line 4 will begin in September, with commercial operations targeted by the end of the year.Speaking at the 31st Varsha Marathon in Thane, Shinde said work on Thane’s internal metro—providing interchanges with Line 4—is also progressing to strengthen last-mile connectivity for commuters in Thane and neighbouring areas.The Wadala–Kapurbawdi corridor, extended to Gaimukh as Metro 4A and linked to Mira–Bhayander (Metro 10), will form a seamless loop with other lines across the Mumbai Metropolitan Reg..
MahaMetro Submits DPR For Nigdi-Chakan Metro Line
Maharashtra Metro Rail Corporation Limited (MahaMetro) has submitted the Detailed Project Report (DPR) to the Pimpri-Chinchwad Municipal Corporation (PCMC), marking the first major milestone for the proposed metro line from Bhakti-Shakti Chowk, Nigdi to Chakan. The announcement was made by MLA Shankar Jagtap on Tuesday via his X (formerly Twitter) handle.The proposed metro line will span 35–40 km, offering a fast, comfortable and environmentally friendly transport solution across Pimpri-Chinchwad’s industrial belt. According to Jagtap, the corridor will connect nearly 75 per cent of the ci..
Latest Updates
