News

Under PMAY-Urban construction of 3.61 lakh houses approved

In the 56th meeting of CSMC, approval was agreed to. The meeting was held under the chairmanship of Durga Shanker Mishra, secretary of Ministry of Housing and Urban Affairs (MoHUA). The construction of PMAY-Urban houses is in numerous phases.

Under the Affordable Housing Partnership, Beneficiary-Led Construction (BLC) and In-Situ Slum Redevelopment (ISSR) verticals of PMAY-Urban the Central Sanctioning and Monitoring Committee (CSMC) of Pradhan Mantri Awas Yojana (Urban) has approved the building of 3.61 lakh houses from 17 states/union territories (UTs).

In the 56th meeting of CSMC, approval was agreed to. The meeting was held under the chairmanship of Durga Shanker Mishra, secretary of, Ministry of Housing and Urban Affairs (MoHUA).

The matters related to construction of houses under the mission were put forward by Mishra and he ordered them to settle the problems without holdup so that the construction of houses can be accelerated.

Under the mission, the total number of authorized is now 1.14 crore; of which more than 89 lakh have been grounded for construction and 52.5 lakh have been finalized and provided to the beneficiaries.

Rs 7.53 lakh crore is the total investment of the mission out of which central assistance Rs 1.85 lakh crore.  Funds of Rs 1.13 lakh crore have already been disclosed so far.

The CSMC also accorded authorization for revision of projects from 14 states/UTs translating into 3.74 lakh houses.

Muskan Aggarwal

Share
Published by
Muskan Aggarwal

Recent Posts

Maha RERA directs Godrej Properties to refund the booking amount for a project initiated before RERA regulations.

The regulator determined that the project was ongoing when the real estate law came into…

1 week ago

The Importance of Due Diligence Before Purchasing Property

Due Diligence Before Purchasing Property, Due diligence is an essential step in any real estate…

2 weeks ago

Embassy Real Estate Investment Trust (REIT) has appointed Ritwik Bhattacharjee as the interim CEO.

This follows a SEBI order on November 4 directing Embassy REIT to suspend Aravind Maiya…

2 weeks ago

Macrotech acquires Bain Capital’s stake in three digital infrastructure entities for ₹307 crore.

Previously, Macrotech also acquired real estate firm Ivanhoe Cambridge's stake in the three entities, aligning…

2 weeks ago

Benefits of LEED-Certified Buildings for Investors and Tenants

LEED (Leadership in Energy and Environmental Design) certification has become a prestigious standard in the…

2 weeks ago

QIP issuances by real estate developers reached ₹12,801 crore from January to September 2024, marking the second-highest amount after the renewable energy sector

From January to September 2024, QIP issuances across all sectors totaled ₹75,923 crore, with real…

3 weeks ago

This website uses cookies.