Centre To Construct 10.28 Lakh PMAY Houses

Centre To Construct 10.28 Lakh PMAY Houses
Aug 2020 , by , in Latest News, News/Views

Union Housing and Urban Affairs Ministry approved the construction of around 10.28 lakh houses under the Pradhan Mantri Awas Yojana (Urban), taking the total number of houses sanctioned so far under the scheme to 1.06 crore.

The decision was taken at a meeting of the Central Sanctioning and Monitoring Committee (CSMC) under PMAY (Urban). The meeting was attended by 19 states and Union Territories. This was the first CSMC meeting held during the COVID-19 pandemic.

About 67 lakh houses are currently grounded for construction and more than 35 lakh have so far been completed and occupied.HUA Secretary Durga Shanker Mishra told states that by the end of this year, they should work towards achieving the target of constructing 60 lakh houses while 80 lakh houses should be grounded for construction.

The ministry said the total number of sanctioned houses under PMAY(U) is now 1.06 crore as against the validated demand of 1.12 crore. These houses are proposed to be constructed across beneficiary-led construction and affordable housing in partnership verticals under PMAY(U). The total investment under the PMAY (U) is Rs 6.31 lakh crore which has central assistance of Rs 1.67 lakh crore of which Rs 72,646 crore has been released.

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