30,000 Affordable Houses on Private Land, approved by Government

30,000 Affordable Houses on private land has been approved by the centre today for the urban poor in Maharashtra's Sholapur, construction of first such project to be taken up on private land under Pradhan Mantri Awas Yojana (PMAY) Urban.

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30,000 Affordable Houses on Private Land, approved by Government

30,000 Affordable Houses on private land has been approved by the centre today for the urban poor in Maharashtra’s Sholapur, construction of first such project to be taken up on private land under Pradhan Mantri Awas Yojana (PMAY) Urban.

Housing and Urban Affairs Ministry also gave nod to central assistance of Rs 450 crore for the project under the Centre’s flagship programme Pradhan Mantri Awas Yojana (Urban).

After detailed discussions with the officials of Maharashtra government an Inter-ministerial Central Sanctioning Committee (CSMC), approved the first of its kind affordable housing project on private land.

Ray Nagar Cooperative Housing Federation, Sholapur had submitted a proposal to build 30,000 houses for its members comprising beedi and textile workers and other urban poor belonging to the Economically Weaker Sections (EWS) at a cost of Rs 1,811 crore under PMAY (U).

Government’s scheme, which aims to provide houses to all poor by 2022, was so far applicable to affordable housing projects built on lands belonging to the state or municipal corporations.

The ownership of land area of 189 hectares is with the federation which acquired it for building the houses. It will be the implementing agency, the release said, adding all the proposed beneficiaries have been AADHAR linked.

The cost of each dwelling unit of Rs 6,03,777 has been determined in a transparent manner and with central and state assistance. The delivery price would be Rs 3,53,777 per house.

Today’s approval for affordable housing project on private land under PMAY(U) is expected to trigger more such projects on private lands under the Affordable Housing in Partnership (AHP) component of PMAY(U).

CSMC, in its 24th meeting today approved construction of 2,84,803 more affordable houses for urban poor under PMAY (U), the highest number approved in a single meeting of the CSMC.

Andhra Pradesh has been sanctioned 2,25,245 houses, Uttar Pradesh 23,322, Tamil Nadu 15,374, Manipur 10,392, Assam 9,767 and Meghalaya 703.

Source Link- http://economictimes.indiatimes.com/news/economy/policy/government-approves-construction-of-30000-affordable-houses-on-private-land/articleshow/59740889.cms

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