News

PMAY-Urban: Government approves construction of 16,488 more homes

In a meeting held on Monday received nod for houses to be constructed under Beneficiary-Led Construction (BLC) and Affordable Housing in Partnership (AHP) verticals of PMAY-U

On Monday, for the socio-economic development, the government approved the construction of 16.488 houses in urban areas under the Pradhan Mantri Awas Yojna, taking the total number of houses sanctioned so far to over 1.13 crore.

The decision was taken at a meeting of the Central Sanctioning and Monitoring Committee (CSMC) attended by officials from four states and union territories, said the Union Housing and Urban Affairs (HUA) Ministry in a statement.

The houses approved in the meeting on Monday are proposed to be constructed under Beneficiary-Led Construction (BLC) and Affordable Housing in Partnership (AHP) verticals of PMAY-U.

“The demand for sanction has saturated in all States/UTs and work should be done expeditiously towards completing all the projects within stipulated time,” HUA Secretary Durga Shanker Mishra said while addressing the participants.

In a general statement, the ministry said the construction of PMAY-U houses is in various construction stages.

“With this, the total number of sanctioned houses under PMAY-U is now 113.06 lakh; of which 85.65 lakh have been grounded for construction and more than 51 lakhs have been completed and delivered to the beneficiaries,” the statement further stated.

The secretary also insisted the states and union territories to engage in ‘PMAY(U) Awards- 100 Days Challenge’ enthusiastically, according to the statement.

“Our major focus should be how can states/UTs make their cities saturated. Completion of projects should be aimed at,” Durga Shanker Mishra said.

Durga Shanker Mishra also said that states and union territories should register stakeholders as “Technograhis” in large numbers so that they learn about globally innovative technologies and conform their use in Indian context.

First Published on: Aug 17, 2021, 8:59 IST

Shivam Tomer

Talks about : Real Estate News, Investment Tips, Proptech, Loan tips and Property Tips

Share
Published by
Shivam Tomer

Recent Posts

Land deals surge by 48% in 2024, with Delhi-NCR taking the lead

Over 40 land deals were recorded in the Delhi-NCR micro-market, with Gurugram contributing to 60%…

7 days ago

Personal Finance Tips for Young Professionals

As a young professional, building a strong financial foundation early in your career can set…

2 weeks ago

The Importance of ESG (Environmental, Social, and Governance) in Modern Business

In recent years, ESG (Environmental, Social, and Governance) has become a critical framework for evaluating…

2 weeks ago

Why Premium Housing is Gaining Popularity Among Millennials

In recent years, the demand for premium housing has seen a significant rise among millennials,…

3 weeks ago

Year-End 2024: Industrial & Logistics Sector Drives 10% Growth in Private Equity Investments

Data reveals that the Indian real estate sector attracted $4.3 billion (Rs 35,600 crore) in…

3 weeks ago

Why Tier-2 and Tier-3 Cities are the Future of Indian Real Estate

India’s real estate market is undergoing a profound transformation, with Tier-2 and Tier-3 cities emerging…

4 weeks ago

This website uses cookies.