+
PMAY-U: 708 proposals approved for construction of 3.61 lakh houses
Real Estate

PMAY-U: 708 proposals approved for construction of 3.61 lakh houses

The centre has approved 708 proposals on June 8 for the construction of 3.61 lakh houses under Pradhan Mantri Awas Yojana-Urban (PMAY-U) mission.

The decision has been taken at the 54th meeting of the central sanctioning and Monitoring Committee (CSMC) held in New Delhi under PMAY-U. As many as 13 states/UTs attended the meeting. These houses have been proposed to be constructed in partnership verticals across beneficiary led construction and affordable housing.

Additionally, Shri Durga Shanker Mishra, Secretary, Ministry of Housing & Urban Affairs (MoHUA), launched the PMAY- U Awards 2021 - 100 Days Challenge. The awards are given to recognise and celebrate the outstanding performances and contribution of the UTs, states, urban local bodies (ULBs) and beneficiaries to implement the mission and create a healthy competition successfully.

This reflects the importance the government has attached to the aim of providing pucca houses to all eligible beneficiaries of urban India by 2022 with the vision of 'Housing for All', and it was the first CSMC meeting during the second wave of the Covid-19. The Ministry of Housing and Urban Affairs (MoHUA) laid renewed emphasis to accelerate housing construction and completion across the country within stipulated time under PMAY(U).

The states/UTs also brought in their proposals for revision of projects due to various issues like land, inter-city migration, loss of lives, topographical hazards, change of preferences of verticals, etc.

With this, the total number of sanctioned houses is 112.4 lakh under PMAY(U), and so far, 82.5 lakh were grounded for the construction, of which 48.31 lakh have been completed/delivered.

Total investment under the mission is Rs 7.35 lakh crore which has central assistance of Rs 1.81 lakh crore, of which Rs 96,067 crore funds have been released.

Image Source


Also read: Affordable housing: Grappling with the challenge of accessibility

Also read: Govt approves 56k more houses under PMAY-U

The centre has approved 708 proposals on June 8 for the construction of 3.61 lakh houses under Pradhan Mantri Awas Yojana-Urban (PMAY-U) mission. The decision has been taken at the 54th meeting of the central sanctioning and Monitoring Committee (CSMC) held in New Delhi under PMAY-U. As many as 13 states/UTs attended the meeting. These houses have been proposed to be constructed in partnership verticals across beneficiary led construction and affordable housing. Additionally, Shri Durga Shanker Mishra, Secretary, Ministry of Housing & Urban Affairs (MoHUA), launched the PMAY- U Awards 2021 - 100 Days Challenge. The awards are given to recognise and celebrate the outstanding performances and contribution of the UTs, states, urban local bodies (ULBs) and beneficiaries to implement the mission and create a healthy competition successfully. This reflects the importance the government has attached to the aim of providing pucca houses to all eligible beneficiaries of urban India by 2022 with the vision of 'Housing for All', and it was the first CSMC meeting during the second wave of the Covid-19. The Ministry of Housing and Urban Affairs (MoHUA) laid renewed emphasis to accelerate housing construction and completion across the country within stipulated time under PMAY(U). The states/UTs also brought in their proposals for revision of projects due to various issues like land, inter-city migration, loss of lives, topographical hazards, change of preferences of verticals, etc. With this, the total number of sanctioned houses is 112.4 lakh under PMAY(U), and so far, 82.5 lakh were grounded for the construction, of which 48.31 lakh have been completed/delivered. Total investment under the mission is Rs 7.35 lakh crore which has central assistance of Rs 1.81 lakh crore, of which Rs 96,067 crore funds have been released. Image Source Also read: Affordable housing: Grappling with the challenge of accessibility Also read: Govt approves 56k more houses under PMAY-U

Next Story
Infrastructure Urban

Budget Proposal Aims to Boost Investments

The recent budget proposal has introduced measures designed to promote investments and generate job opportunities across various industries, as reported by the Economic Times. This initiative seeks to stimulate economic activity and strengthen the country's growth trajectory by encouraging both domestic and foreign investments. Key aspects of the proposal include targeted incentives for sectors poised for expansion, such as renewable energy, infrastructure, and technology. The government aims to create a more favorable investment climate by offering tax benefits, subsidies, and streamlined reg..

Next Story
Infrastructure Urban

Indian Financial System Resilient Amidst Challenges

The Reserve Bank of India (RBI) Deputy Governor M. Rajeshwar Rao has emphasized the robust nature of the Indian financial system despite global economic headwinds, according to Economic Times. Rao?s comments reflect confidence in the stability and resilience of India's financial sector amidst a backdrop of international economic uncertainties and financial volatility. Rao highlighted that India?s financial system is well-equipped to handle external shocks due to its solid regulatory framework and prudent risk management practices. The country?s banking sector has demonstrated resilience throug..

Next Story
Infrastructure Energy

SC Allows State Tax on Mines, Minerals

Opposition leaders have welcomed the Supreme Court's recent decision permitting states to levy taxes on mines and mineral-bearing lands, as reported. The ruling is seen as a significant victory for state governments seeking greater control and revenue from natural resource extraction within their jurisdictions. The Supreme Court?s decision empowers states to impose taxes on mining operations and mineral-rich lands, which could enhance their revenue streams and enable better management of local resources. This move is particularly important for states with substantial mineral resources, as it a..

Talk to us?