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51 lakh houses approved under PMAY (Urban) in 3 years

Infra News - Published on Wed, 11 Jul 2018

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ETRealty reported that the government has sanctioned more than 51 lakh dwelling units under the Pradhan Mantri Awas Yojana (Urban) against the validated demand of 1 crore in last 3 years of implementation. The Ministry of Housing said in a release that this is a huge jump in comparison to erstwhile housing scheme wherein only 12.4 Lakh houses were approved in around 9 years of its implementation.

Out of over 51 lakh sanctioned houses, more than 28 lakhs have already been grounded and are in various stages of construction. Further, over 8 lakh houses have already been completed and nearly 8 lakh houses have been occupied by the benficiaries.

The government has now proposed a global housing construction technology challenge to support building cost-effective affordable homes.

The release said that "The Global Housing Construction Technology Challenge (GHTC-I ) may help us adopt those technologies to suit our local conditions and requirements. It is win-win situation for all stakeholders which would help in fast transition of new global construction technologies in India giving a fillip to building affordable houses in India in a cost effective and sustainable manner."

It said that the government is committed to provide “Housing for All” by the end of the Mission period-2022. A National Urban Housing Fund for INR 60,000 crores has been set up for raising Extra Budgetary Resources (EBR) in phases, for the rapid implementation of PMAY (U).

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Posted By : Nanda Koijam on Wed, 11 Jul 2018
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