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
Real Estate

Danube Launches Greenz Villa Community in Dubai

Danube Properties has launched Greenz by Danube, a fully furnished master villa community in Dubai, unveiled by H.E. Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Tolerance and Coexistence, at an event attended by over 7,000 investors and business leaders.Located near Dubai International Academic City and Dubai Silicon Oasis, the development marks Danube’s first large-scale integrated villa community and is positioned within one of Dubai’s emerging residential corridors.The project will comprise three and four-bedroom townhouses along with five-bedroom semi-detached and twin villas...

Next Story
Equipment

ABB Launches IE6 Motor for Hazardous Industrial Areas

ABB has introduced what it claims is the world’s first IE6 Hyper-Efficiency motor certified for hazardous industrial environments under ATEX and IECEx standards.The new Increased Safety motor is based on ABB’s synchronous reluctance (SynRM) technology and is designed without magnets or rare earth materials. According to the company, the motor reduces energy losses by up to 60 per cent compared to standard IE3 induction motors commonly used in hazardous areas.The motor is intended for use in industries such as chemicals, marine, oil and gas, pharmaceuticals and food and beverage, where expl..

Next Story
Real Estate

Casagrand Launches 41-Acre Highcity Project in Chennai

Casagrand has launched Casagrand Highcity, a 41-acre integrated residential development on Chennai’s Outer Ring Road (ORR), marking the company’s largest residential project to date.The project will comprise over 4,000 two and three BHK apartments across four G+22 towers and is positioned as one of the largest organised residential developments in the ORR corridor.Located along Chennai’s emerging residential and infrastructure growth belt, the project benefits from connectivity to IT hubs including Navalur, Siruseri SIPCOT and Porur, as well as industrial clusters such as Sriperumbudur, ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement