51 lac houses are likely to be constructed amid 2017-2017 to meet the target of one crore houses by 2019 under PMAY under the updated Pradhan Mantri Awaas Yojana Gramin (PMAY-G) and prospect to overturn the construction completion time limit to 6-12 months from 18 months to 3 years.
As per the sources over 32 lacs houses will be ready for the occupancy in FY 2017, whereas 18 lac projects have been successfully developed across the country in FY 2016.
PMAY-Garmin was introduced in November 2016 swapping places with India Indira Awaas Yojana.
This year center has sanctioned RS. 15,000 crore for the development under Pradhan Mantri Awaas Yojana Gramin (PMAY-G) and it doubled the provision per household from RS. 75000 to over 1, 20,000; by which the by and large area increased by 22 to 25 square meter.
It’s expected that there will be more volume of affordable flats in Kolkata around the suburbs and extended parts of the city. Government targets to finish the entire project within their scheduled timeline. For meeting up this target, they are now speeding up the progress of the development. Along with which they are tracking they money being allotted for this purpose is not being blocked for some irrelevant purposes. Under the new scheme by far 15,000 houses have been constructed.
Builders are bound to update the government timely with relevant snaps of the project completion at different stages including geo-referenced network for detailed verification of the projects in a much easier and quicker manner.
Following the Socio Economic and Caste Census data 2011, government has analyzed that a total number of 3.92 crore people of lower-income group fall under homeless category, despite ongoing government’s ambitious project. The survey data has found that 2.26 crore houses are eligible for this scheme. Thus, within coming 7 years government aims to bring in 3 crore affordable housing projects across the country for village-side EWS.
“Government’s effort for sheltering socio-economically weaker sections is utterly commendable. The growing absorption in semi-urban and suburban areas has lead to issues of land-shortage, illegal acquisition and congested conveyance. For basic facilities such as open areas, water, electricity was largely getting affected. We hope to see more eminent developers to be associated with this ambitious project of government,”-said Mr. Mahesh Somani West Bengal RERA expert.
–LNN (Liyans News Network)