Govt Approves 235,000 Urban Homes Under PMAY U 2.0
Real Estate

Govt Approves 235,000 Urban Homes Under PMAY U 2.0

The Ministry of Housing & Urban Affairs has approved the construction of 235,000 homes under the Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY‑U 2.0) during the third meeting of its Central Sanctioning and Monitoring Committee. This brings the total sanctioned units under the scheme to 710,000, affirming the government's commitment to affordable urban housing.

The homes were approved across nine states—Assam, Bihar, Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, and Uttar Pradesh—through the Beneficiary Led Construction (BLC) and Affordable Housing in Partnership (AHP) verticals of PMAY‑U 2.0.

Of the homes approved, over 125,000 are designated for women, including single women and widows, with an additional 44 homes allocated to transgender individuals. The scheme also emphasises inclusivity, assigning 42,400 units to SC beneficiaries, 17,574 to STs, and 113,414 to the OBC community.

Central assistance of up to Rs 250,000 per housing unit is available, with eligibility criteria including households without any existing ‘pucca’ home. For the BLC and AHP verticals, families earning up to Rs 300,000 annually qualify, while for the Interest Subsidy Scheme (ISS), the threshold is Rs 900,000 per year.

Officials urged larger states to develop their own affordable housing policies, akin to Maharashtra’s, and attach beneficiaries early in the AHP process to prevent unoccupied units. Recommendations also included adopting Transit-Oriented Development (ToD) around major transit hubs such as Bharat stations and metro networks.

PMAY‑Urban, initially launched in 2015 and restructured as PMAY‑U 2.0, has already delivered more than 9.3 million homes to urban India. With this latest approval, up to 10 million EWS, LIG, and MIG families are set to benefit from secure housing in the coming years.

The Ministry of Housing & Urban Affairs has approved the construction of 235,000 homes under the Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY‑U 2.0) during the third meeting of its Central Sanctioning and Monitoring Committee. This brings the total sanctioned units under the scheme to 710,000, affirming the government's commitment to affordable urban housing.The homes were approved across nine states—Assam, Bihar, Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, and Uttar Pradesh—through the Beneficiary Led Construction (BLC) and Affordable Housing in Partnership (AHP) verticals of PMAY‑U 2.0.Of the homes approved, over 125,000 are designated for women, including single women and widows, with an additional 44 homes allocated to transgender individuals. The scheme also emphasises inclusivity, assigning 42,400 units to SC beneficiaries, 17,574 to STs, and 113,414 to the OBC community.Central assistance of up to Rs 250,000 per housing unit is available, with eligibility criteria including households without any existing ‘pucca’ home. For the BLC and AHP verticals, families earning up to Rs 300,000 annually qualify, while for the Interest Subsidy Scheme (ISS), the threshold is Rs 900,000 per year.Officials urged larger states to develop their own affordable housing policies, akin to Maharashtra’s, and attach beneficiaries early in the AHP process to prevent unoccupied units. Recommendations also included adopting Transit-Oriented Development (ToD) around major transit hubs such as Bharat stations and metro networks.PMAY‑Urban, initially launched in 2015 and restructured as PMAY‑U 2.0, has already delivered more than 9.3 million homes to urban India. With this latest approval, up to 10 million EWS, LIG, and MIG families are set to benefit from secure housing in the coming years.

Next Story
Infrastructure Urban

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Next Story
Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->