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1.1 Lakh More Affordable Homes get Govt nod; Rs 8,105 Crore to be Invested

1.1 lakh more affordable homes get govt nod; Rs 8,105 crore to be invested

The total homes sanctioned under PMAY(Urban) has now gone up to 3,052,828. The approval was given in the 28th meeting of the central sanctioning and monitoring committee

The government has approved construction of 112,083 more affordable homes under its flagship Pradhan Mantri Awas Yojana (Urban), with an investment of Rs 8,105 crore. The central assistance for the same will be Rs 1,681 crore.

The total homes sanctioned under PMAY(Urban) has now gone up to 3,052,828. The approval was given in the 28th meeting of the central sanctioning and monitoring committee in its meeting held here on Wednesday.

Madhya Pradesh has been sanctioned 34,680 homes in 25 cities and towns, the highest among states, with an investment of Rs 3,080 crore, followed by Jharkhand with 28,477 homes in five cities and towns, with an investment of Rs 2,080 crore.

Haryana got 24,221 houses sanctioned in 28 cities and towns, with an investment of Rs 1,721 crore, followed by Maharashtra with 11,523 homes with an investment of Rs 860 crore, Kerala with 9,836 homes with an investment of Rs 295 crore and Mizoram with 3,270 houses with an investment of Rs 65 crore.

A total of 44,692 new homes have been approved to be built under the beneficiary led construction (BLC) component of PMAY (Urban), while enhancement of 1,857 homes in Haryana were sanctioned under BLC.

The ministry of housing & urban affairs also approved building of 28,477 new homes in Jharkhand, 13,946 homes in Haryana and 6,392 homes in Maharashtra under the affordable housing in partnership (AHP) component of PMAY(Urban).

The government launched its flagship PMAY scheme on June 25, 2015, with an aim to provide affordable housing for all by 2022.

Source : ETRealty

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