Modi transfers PMAY funds to beneficiaries.

20 Sep 2024 CW Team

Prime Minister Narendra Modi marked his birthday by transferring Rs 2,044 crore as the first instalment under the Pradhan Mantri Awas Yojana (PMAY), directly benefiting over 5.11 lakh families in Chhattisgarh. This financial aid aims to support the construction of pucca houses for eligible beneficiaries. The funds were distributed as part of the "Mor Awas – Mor Adhikar" (My House – My Right) program, which took place in Raipur on Tuesday. Modi participated virtually, while Chief Minister Vishnu Deo Sai and several cabinet ministers were present at the event.

During the program, Modi reiterated the government's commitment to improving the lives of the poor and marginalized communities. He emphasized that significant progress has been made over the past decade in achieving this goal, and initiatives like PMAY have played a crucial role in ensuring the provision of affordable housing.

At the event, more than 23,000 urban families were given the keys to their new homes, along with certificates of completion and religious materials. Chief Minister Sai highlighted the importance of addressing basic needs like food, clothing, and housing, noting that many citizens, even decades after independence, still lacked access to adequate housing. He praised the success of PMAY, stating that Chhattisgarh has received a substantial allocation of nearly 30% of the 32 lakh approved homes under the scheme.

Sai also stressed that the state government is dedicated to implementing the PMAY effectively. He warned against any negligence or misuse of funds, adding that strict action would be taken against district collectors if any irregularities are found. This move reinforces the government's focus on providing affordable housing and improving the standard of living for vulnerable populations across the country.

Real Estate

05 Dec 2025

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..