According to the latest reports, the government has approved construction of 112,083 more affordable homes under its flagship Pradhan Mantri Awas Yojana (Urban), with an investment of Rs 8,105 crore. The central assistance for the same will be Rs 1,681 crore. The total homes sanctioned under PMAY(Urban) has now gone up to 3,052,828. The approval was given in the 28th meeting of the central sanctioning and monitoring committee in its meeting held here on Wednesday. Haryana got 24,221 houses sanctioned in 28 cities and towns, with an investment of Rs 1,721 crore, followed by Maharashtra with 11,523 homes with an investment of Rs 860 crore, Kerala with 9,836 homes with an investment of Rs 295 crore and Mizoram with 3,270 houses with an investment of Rs 65 crore. Sources suggest that a total of 44,692 new homes have been approved to be built under the beneficiary led construction (BLC) component of PMAY (Urban), while enhancement of 1,857 homes in Haryana were sanctioned under BLC.
“It would be an ease-up for the first time home buyers as they would be getting ample opportunities to select the desired space for living. The rising demands on affordable housing in INDIA and the increasing interest of developers to invest in affordable housing projects mandate a clearer understanding and appreciation of the lifestyles and cultural values of the local society. We wish to contribute more to the enactment of this policy so that the motive of providing own houses to all gets accomplished” says Pradeep Aggarwal, Co-founder & Chairman of Signature Global who is also the Chairman, National Council on Affordable Housing, ASSOCHAM
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