By 2022 19.4 Lakh Affordable Flats To Be Built By MHADA Maharashtra

Under the Centre’s affordable housing scheme, the Pradhan Mantri Awas Yojana (PMAY), Maharashtra government has so far approved 79 projects across the state, barring Mumbai, which will comprise of more than 2 lakh affordable houses.

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By 2022 19.4 Lakh Affordable Flats To Be Built By MHADA Maharashtra

Under the Centre’s affordable housing scheme, the Pradhan Mantri Awas Yojana (PMAY), Maharashtra government has so far approved 79 projects across the state, barring Mumbai, which will comprise of more than 2 lakh affordable houses. The state government has declared that it will construct a total of 19.4 lakh affordable flats under the scheme within the 2022 deadline.

Also Read: Real Estate India Hopes On Affordable Housing For Growth In 2018

In Pune, Konkan, Nagpur, Nashik and Amaravati, a total of 51 projects have been approved, which will provide 1.21 lakh affordable flats. In smaller municipal areas like Solapur, Pimpri, Washim, Barshi, Parbhani, Gadchiroli, Ichalkaranji, a total of 28 projects have been approved to provide 71,000 houses. These houses include 1.4 lakh for Economically Weaker Section (EWS), 37,000 for Lower Income Groups (LIG), 14,766 for Middle Income Groups (MIG) and 166 for Higher Income Groups (HIG).

Also Read: Maharashtra’s World Largest Affordable Housing Project, Rayanagar

Government has begun work at 18 places across the state, which will provide 48,680 affordable flats. These houses will be for all income groups. In seven projects, government has completed the bidding process in Konkan, Pune, Aurangabad and Nagpur areas that will have 27,522 houses. The government has undertaken bidding process for 13 housing projects whereas 25 projects are still awaiting bidding process.

Also Read: MoHUA Expects Rs 13,000 Crore For Affordable Housing From Budget 2018

In the PMAY scheme, the Centre provides Rs 1 lakh to Rs 1.5 lakh and the state contributes Rs 1 lakh to the beneficiaries. The allotment of government land is of Rs 1 per sq m while Rs 1,000 is charged as stamp duty for the Economically Weaker Sections.

Centre has released its first installment of Rs 371 crore of which Rs 7.44 crore was given to Akola Municipal Corporation and Rs 36 crore to Amaravati Municipal Corporation. MHADA has received Rs 159 crore under the same scheme.

Source Link- http://www.asianage.com/

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