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

13 Mar 2023 CW Team

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

Real Estate

23 Oct 2025

What Does Home Insurance Really Cover?

Home insurance is one of the most important protections a homeowner can have. It offers financial cover for unexpected damages, losses, or liabilities related to your property. However, many homeowners are not fully aware of what is actually included in their home insurance policy.This guide breaks down what home insurance really covers, so you can be better prepared and make informed decisions.What is home insurance?Home insurance is a financial product that protects your house and belongings against damage, theft, or accidents. It generally includes coverage for the building itself, as ..

Hettich Strengthens Industry Ties at Madhya Pradesh Investment Meet

Hettich India, a global leader in furniture fittings, reinforced its commitment to Madhya Pradesh’s industrial growth as a Guest of Honour at an Interactive Session on Investment Opportunities in Power, Renewable Energy Equipment, and White Goods Manufacturing, hosted by the Government of Madhya Pradesh in partnership with the Confederation of Indian Industry (CII) at Hotel Trident, Nariman Point, Mumbai.The session, chaired by Dr Mohan Yadav, Hon’ble Chief Minister of Madhya Pradesh, brought together leading domestic and international investors, industry representatives, and business lead..

Raimondi Names New Saudi Branch Head

Raimondi Middle East has announced the appointment of Ahmad Shakkour as Branch Manager for the Kingdom of Saudi Arabia, reinforcing the company’s commitment to expanding its presence in one of its key regional markets.With Saudi Arabia driving a wave of large-scale infrastructure and urban development projects, Raimondi aims to strengthen its on-ground operations and customer engagement. The company currently has over 100 cranes deployed across the country and continues to expand its technical and service teams to support growing demand.“Saudi Arabia represents a cornerstone of our regiona..