Nearly Half of Affordable Housing Under PMAY-Urban Remains Vacant
Real Estate

Nearly Half of Affordable Housing Under PMAY-Urban Remains Vacant

Almost 50% of the affordable housing units constructed under the Pradhan Mantri Awas Yojana-Urban (PMAY-U) remain unoccupied, according to the Union Ministry of Housing and Urban Affairs' submission to the Parliamentary Standing Committee on Housing and Urban Affairs. Launched in 2015, PMAY-U aimed to complete its target of 12.269 million houses by 2022 but has been extended until December 31, 2024. Of the 8.832 million houses completed so far, significant portions under key verticals remain vacant. For instance, under the Affordable Housing in Partnership (AHP) vertical, only 54% of the 901,000 completed houses have been occupied. Similarly, in the In-Situ Slum Redevelopment (ISSR) vertical, 70% of the 67,806 completed units remain unoccupied. The Ministry attributed this vacancy to several factors, including incomplete infrastructure, delays in allotment, and unwillingness of beneficiaries. It emphasised that state governments are responsible for providing the necessary trunk infrastructure, such as roads and utilities, to make the houses habitable. States like Telangana, with a large number of unoccupied houses, have also faced delays in finalising allotments. The Parliamentary Committee, chaired by TDP MP Magunta Sreenivasulu Reddy, urged the Ministry to address these challenges, stressing that unoccupied housing undermines the mission's purpose. It called for better coordination between the Central and State governments to resolve infrastructure and allotment bottlenecks. In response to these issues, the Ministry launched PMAY-U 2.0 in September 2024, with a target to construct 10 million additional urban homes over the next five years, incorporating lessons from the original scheme. (Indian Express)

Almost 50% of the affordable housing units constructed under the Pradhan Mantri Awas Yojana-Urban (PMAY-U) remain unoccupied, according to the Union Ministry of Housing and Urban Affairs' submission to the Parliamentary Standing Committee on Housing and Urban Affairs. Launched in 2015, PMAY-U aimed to complete its target of 12.269 million houses by 2022 but has been extended until December 31, 2024. Of the 8.832 million houses completed so far, significant portions under key verticals remain vacant. For instance, under the Affordable Housing in Partnership (AHP) vertical, only 54% of the 901,000 completed houses have been occupied. Similarly, in the In-Situ Slum Redevelopment (ISSR) vertical, 70% of the 67,806 completed units remain unoccupied. The Ministry attributed this vacancy to several factors, including incomplete infrastructure, delays in allotment, and unwillingness of beneficiaries. It emphasised that state governments are responsible for providing the necessary trunk infrastructure, such as roads and utilities, to make the houses habitable. States like Telangana, with a large number of unoccupied houses, have also faced delays in finalising allotments. The Parliamentary Committee, chaired by TDP MP Magunta Sreenivasulu Reddy, urged the Ministry to address these challenges, stressing that unoccupied housing undermines the mission's purpose. It called for better coordination between the Central and State governments to resolve infrastructure and allotment bottlenecks. In response to these issues, the Ministry launched PMAY-U 2.0 in September 2024, with a target to construct 10 million additional urban homes over the next five years, incorporating lessons from the original scheme. (Indian Express)

Next Story
Infrastructure Transport

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

Next Story
Infrastructure Energy

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

Next Story
Infrastructure Energy

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?