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

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement