Government Sanctions 1 lakh Urban Homes Under PMAY

PMAY - 1 lakh house

Central government has permitted the construction of 100,537 more affordable homes under ‘Pradhan Mantri Awas Yojana’ (Urban) with a total investment of Rs. 4,200 crore.
Out of which, Madhya Pradesh got 57,131 homes approved, followed by Tamil Nadu with 24,576, Manipur with 6,231, Chattisgarh with 4,898, Gujarat with 4,261, Assam with 2,389, Kerala with 643, Jharkhand with 331 and Daman & Diu with 77 homes, according to the latest statement of HUPA.

As of now, including these government sanctioned construction of total 1,875,389 homes for the reasonably unsteady sections under PMAY(Urban) in 2,151 cities and towns in 34 states and union territories (UTs), with a total venture of Rs 1,00,466 crore.
Approximately, 1,065,058 low-budget houses were sanctioned under the beneficiary directed construction element of PMAY (Urban), in which recipients get a union government assistance of Rs 1.50 lakh each to start new construction or development of on-hand properties.
The central government initiated its flagship ‘Housing for All by 2022′ mission on June 25, 2015 and is focusing on 15 states and union territories (UTs) to complete the Housing for All objective by 2019.

587,115 homes have been got authorization under affordable housing in total, in partnership under which state governments give land/financial backing for housing projects for which central assistance of Rs 1.50 lakh each is prearranged for each beneficiary.
The states under focus are Kerala, Himachal Pradesh, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura, along with the UTs of Andaman & Nicobar Islands, Chandigarh, Dadra and Nagar Haveli, Daman & Diu, Puducherry and J & K.
The central government asked other states to submit proposals by 2018, so that the entire project gets completed within 2022. The government had also directed states and UTs to carry out brand new requirement inspection for affordable housing, and the course of action is close to finish.

LNN (Liyans News Network)– For investment purpose of affordable flats in Kolkata visit our online property portal, where you can have free property listing for renting/selling intention. Get the best professional suggestion on property buying/selling from our experts.

2 thoughts on “Government Sanctions 1 lakh Urban Homes Under PMAY”

  1. Hi …..
    It is a good article about Pradhan Mantri Awas Yojana. I was looking for such article about PMAY.

  2. I want to get all the information about the Pradhan Mantri Awas Yojana. I want to buy a unit in india. Thanks for sharing your article

Leave a Reply

Your email address will not be published. Required fields are marked *