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
Related Stories
Gold Stories
KONE Opens India's First Digital Experience Centre in Pune
KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..
CII GreenCo Launches Circularity Guidelines for Indian Industry
The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..
Global Electronics Association Launches IPC-1783-CO2E Standard
The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..
Related Articles
Latest Updates
