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

Ways to reduce interest rates on home loan

Buying a home is a significant milestone, but the hefty price tag isn't the only…

2 weeks ago

The Ins and Outs of Tax Lien Certificates: A Guide to Profiting from Property Tax Liens

Tax lien certificates are those that are given to investors who demonstrate their interest in…

3 weeks ago

Property Rights in Second Marriages: Rights of Second Wives and Children under Hindu Law

The Hindu Marriage Act of 1955 and the Hindu Succession Act of 1955, respectively, set…

3 weeks ago

What are the benefits of paying rent via Credit Card?

Paying a house rent is an important and recurring monthly expense for an individual. Generally,…

3 weeks ago

Under Construction vs Ready for Possession Property Investment

Investing in real estate necessitates a lot of research, legwork, and hefty investments. Hence, a…

3 weeks ago

Procedure of property transfer

You're buying or selling a property – an exciting time filled with possibilities. But amidst…

3 weeks ago

This website uses cookies.