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More Than 1 Cr Homes Approved Under PMAY-Urban

More Than 1 Cr Homes Approved Under PMAY-Urban

More Than 1 Cr Homes Approved Under PMAY-Urban
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The Centre on December 28, 2019, approved construction of 6.5 lakh houses under the Pradhan Mantri Awas Yojana-Urban (PMAY-U), taking the total number of houses being funded under the scheme to over one crore.

"This initiative has been marked by transparency, use of technology and rapid implementation. I congratulate entire team at @mohua_india (Urban Affairs Ministry) for their hardwork to ensure every Indian has a roof over their head," Prime Minister Narendra Modi wrote on Twitter after the housing ministry made the announcement of the social media platform.

Housing and Urban Affairs Minister Hardeep Singh Puri said his ministry planned to sanction all the 1.12 crore houses in another four months. According to the ministry, a total of 57 lakh houses under the PMAY-U are in various stages of construction, of which nearly 30 lakh houses have been completed.

Housing Secretary Durga Shanker Mishra said that the PMAY had covered a range of social groups which also include 5.8 lakh senior citizens, two lakh construction workers, 1.5 lakh domestic workers, 1.5 lakh artisans, 770 transgenders and 500 leprosy patients.

Puri said that the implementation of PMAY (U) had induced a remarkable investment in the housing sector, especially in the affordable housing segment.

The houses sanctioned so far under the mission involve an investment of about Rs 5.70 lakh crore with Central assistance of Rs 1.6 lakh crore. As on date, nearly Rs 60,000-crore Central assistance has been released.

"At present, works of about Rs 3 lakh crore is ongoing and by the time mission accomplishes its target of 1.12 crore houses, the entire activity will trigger an investment of more than Rs 7 lakh core," the ministry said in a statement.

With inputs from Housing News

Last Updated: Mon Dec 30 2019

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