Pradhan Mantri Awas Yojana – Urban crosses a record One-Crore mark

Pradhan Mantri Awas Yojana – Urban crosses a record One-Crore mark
01/01/2020 , by , in News/Views

One of the world’s ambitious and the biggest housing schemes ‘Housing For All by 2020’announced by Prime Minister Shri Narendra Modi in 2015, has accomplished a milestone of sanctioning one crore houses under the Prime Minister Awas Yojana – Urban category.

In a short span of four years from 2015 to 2019, the PMAY–U has witnessed sanctions of 1.03 crore houses, revealed Mr Rajan Bandelkar, President, NAREDCO Maharashtra and Vice President, NAREDCO West at an event organised by NAREDCO, Maharashtra region to commemorate the milestone. Interestingly, in the period between the years 2004 to 2014, only 13.46 lakh houses were built under the JNNURM Scheme, whereas between 2014 to 2020, 1.03 crore houses were sanctioned, recording a 7.7 times growth.

Thanking Shri Narendra Modi, Prime Minister of India for his vision to provide a pucca home to every urban poor by 2022 under the PMAY–U scheme and Mr Hardeep Singh Puri, Minister of State for Housing and Urban Affairs for taking up the scheme on a mission mode, Mr Bandelkar said, “The PMAY–U has brought the much needed urban transformation by providing affordable housing for urban poor and brought employment prospects for many triggering the growth in the real estate sector. Various fiscal and financial measures introduced by the Finance Minister to boost affordable housing sector and reforms for ease-of-doing business in construction impacted the growth of real estate sector.”

Mr Bandelkar informed that the PMAY–U has achieved a record growth of 1418% in 2019 with a sanction of 1.03 crore houses as against 7.26 lakh houses sanctioned in 2015 when the scheme was first started. “This huge leap speaks about the resolve and the pace with which this mission is progressing. This could probably the biggest scheme of public, private and people’s partnerships,” added Mr Bandelkar.

According to a Booklet ‘Urban Transformation Through Housing For All’ released at the event, out of 1.12 crore housing demand, 1.03 crore houses have been sanctioned and 32 lakhs houses have been completed.

Among all the states, Maharashtra has seen 11.57 lakh houses sanctioned under PMAY – U where Andhra Pradesh topped the chart with 20 lakh houses sanctioned followed by Uttar Pradesh 15.54 lakh houses, Tamil Nadu 7.36 lakh houses, revealed the booklet.

The event was attended by dignitaries such as Mr Gaurav Jain, Pradeep Agarwal and Brig R R Singh.

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