UP govt to launch PMAY 2.0 for housing subsidies
Real Estate

UP govt to launch PMAY 2.0 for housing subsidies

Individuals and families seeking subsidies for their first house could receive some important updates on Wednesday. The second edition of the Prime Minister Awas Yojana (PMAY 2.0) is set to launch, with discussions between the state and central governments focusing on the roadmap for delivering homes to both urban poor and underprivileged rural families.

The Ministry of Housing and Urban Affairs (MoHUA) and the power minister, Manohar Lal Khattar, would visit the city to meet with officials from the housing and urban development department, as well as the power department, to review the progress of various central schemes being implemented in the state. In the first phase, Uttar Pradesh became the second state in the country to provide nearly 36 lakh houses to rural poor families and 17.80 lakh houses to urban poor families.

Meanwhile, the housing department has begun work on notifying policy changes to align its framework with the one stipulated by the central government under the PMAY 2.0 scheme. The Principal Secretary of the housing department, P. Guruprasad, stated that a team of officials had been assigned to examine the matter and recommend the necessary revisions.

A senior officer from the department revealed that MoHUA had suggested providing a 50% additional floor area ratio (FAR) with a transfer of development rights (TDR) facility free of cost for housing projects intended for economically backward and low-income families. Another recommendation under consideration is the creation of a single-window platform to ensure time-bound approval of layouts and building plans within 60 days.

Furthermore, MoHUA had recommended offering exemptions from paying land conversion and land use change charges, should such requests from agencies undertaking PMAY projects be feasible under the existing rules.

MoHUA has shared 10 key points for deliberation with the state before the scheme's launch, which will be discussed in the upcoming meeting on Wednesday.

Principal Secretary of the urban development department, Amrit Abhijat, mentioned that following discussions and deliberations, a memorandum of understanding (MoU) agreement would be signed between the two sides to move the process forward.

Individuals and families seeking subsidies for their first house could receive some important updates on Wednesday. The second edition of the Prime Minister Awas Yojana (PMAY 2.0) is set to launch, with discussions between the state and central governments focusing on the roadmap for delivering homes to both urban poor and underprivileged rural families. The Ministry of Housing and Urban Affairs (MoHUA) and the power minister, Manohar Lal Khattar, would visit the city to meet with officials from the housing and urban development department, as well as the power department, to review the progress of various central schemes being implemented in the state. In the first phase, Uttar Pradesh became the second state in the country to provide nearly 36 lakh houses to rural poor families and 17.80 lakh houses to urban poor families. Meanwhile, the housing department has begun work on notifying policy changes to align its framework with the one stipulated by the central government under the PMAY 2.0 scheme. The Principal Secretary of the housing department, P. Guruprasad, stated that a team of officials had been assigned to examine the matter and recommend the necessary revisions. A senior officer from the department revealed that MoHUA had suggested providing a 50% additional floor area ratio (FAR) with a transfer of development rights (TDR) facility free of cost for housing projects intended for economically backward and low-income families. Another recommendation under consideration is the creation of a single-window platform to ensure time-bound approval of layouts and building plans within 60 days. Furthermore, MoHUA had recommended offering exemptions from paying land conversion and land use change charges, should such requests from agencies undertaking PMAY projects be feasible under the existing rules. MoHUA has shared 10 key points for deliberation with the state before the scheme's launch, which will be discussed in the upcoming meeting on Wednesday. Principal Secretary of the urban development department, Amrit Abhijat, mentioned that following discussions and deliberations, a memorandum of understanding (MoU) agreement would be signed between the two sides to move the process forward.

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