Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Sep 26, 2019

Government Approves Construction Of 1.23 Lakh Houses Under PMAY-Urban

Government Approves Construction Of 1.23 Lakh Houses Under PMAY-Urban
Residential apartment buildings stand in Palava City on the outskirts of Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
STOCKS IN THIS STORY
Nifty MidSmall India Consumption
--

The government has approved the construction of 1.23 lakh houses under the Pradhan Mantri Awas Yojana (Urban), taking the total number of houses sanctioned under the affordable housing scheme to over 90 lakh, a statement said on Thursday.

The approval was given by the Central Sanctioning and Monitoring Committee on Wednesday evening.

"The CSMC, headed by Union Housing and Urban Affairs secretary Durga Shanker Mishra, approved 630 proposals from participating states for construction of 1.23 lakh houses with an overall investment of Rs 4,988 crore," it stated.

Here's a look states and allocation to them under PMAY (Urban):

  • West Bengal: 27,746 houses
  • Tamil Nadu: 26,709 houses
  • Gujarat: 20,903 houses
  • Punjab: 10,332 houses
  • Chhattisgarh: 10,079
  • Jharkhand: 8,674 houses
  • Madhya Pradesh: 8,314 houses
  • Karnataka: 5,021 houses
  • Rajasthan: 2,822 houses
  • Uttarkhand: 2,501 houses

With this approval, over 90 lakh houses have so far been sanctioned against the target of 1.12 crore by 2022 under PMAY (Urban), a flagship programme of the Narendra Modi government.

"So far, overall investment of Rs 5.54 lakh crore has been approved, including Rs 3.01 lakh crore from the central and state governments while Rs 2.53 lakh crore as the private investment," the ministry said in the statement.

Around 53.5 lakh houses are so far grounded for construction, it stated.

Under PMAY (Urban), the government provides financial assistance to beneficiaries.

Last month, Union Housing and Urban Affairs minister Hardeep Singh Puri had said that the target of 'Housing for All' would be achieved in 2020, two years before the deadline.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search