+
Maharashtra budget: 10 lakh units of housing under PM's name
Real Estate

Maharashtra budget: 10 lakh units of housing under PM's name

A new housing initiative bearing the name of Prime Minister Narendra Modi was introduced by Eknath Shinde, Chief Minister, Maharashtra and Devendra Fadnavis, Deputy Chief Minister’s administration. Fadnavis introduced the "Modi Awas Gharkul Yojana" programme in his first budget speech.

In the following three years, 10 lakh homes for the Other Backward Communities would be built as part of this programme. With the Lok Sabha and assembly elections next year in mind, Modi himself an OBC, and it is evident that the initiative is intended to appeal to the OBC votebank in the state.

In the following three years, an outlay of Rs 120 billion will be made available. Three lakh of these homes will be finished in 2023–2024 at a cost of Rs 36 billion.

Fadnavis announced a programme for the construction of 10 lakh dwellings in rural regions, reinforcing the government's commitment to the Prime Minister's Housing for All, 2022, project.

This year, four lakh homes will be built under the Pradhan Mantri Awas Yojana. Out of this, 1.5 lakh households would belong to other categories, making up 60% of the total housing stock, or 2.5 lakh homes.

Also read:
MUDA to disperse housing sites in Kunjathbail
Mid-to-affordable homes feel high mortgage rate pinch


A new housing initiative bearing the name of Prime Minister Narendra Modi was introduced by Eknath Shinde, Chief Minister, Maharashtra and Devendra Fadnavis, Deputy Chief Minister’s administration. Fadnavis introduced the Modi Awas Gharkul Yojana programme in his first budget speech. In the following three years, 10 lakh homes for the Other Backward Communities would be built as part of this programme. With the Lok Sabha and assembly elections next year in mind, Modi himself an OBC, and it is evident that the initiative is intended to appeal to the OBC votebank in the state. In the following three years, an outlay of Rs 120 billion will be made available. Three lakh of these homes will be finished in 2023–2024 at a cost of Rs 36 billion. Fadnavis announced a programme for the construction of 10 lakh dwellings in rural regions, reinforcing the government's commitment to the Prime Minister's Housing for All, 2022, project. This year, four lakh homes will be built under the Pradhan Mantri Awas Yojana. Out of this, 1.5 lakh households would belong to other categories, making up 60% of the total housing stock, or 2.5 lakh homes. Also read: MUDA to disperse housing sites in Kunjathbail Mid-to-affordable homes feel high mortgage rate pinch

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code