Maha Govt Sanctioned More Than 51 Lakh Dwelling Units Under PMAY
The Maharashtra government has sanctioned more than 51 lakh dwelling units under the Pradhan Mantri Awas Yojana (Urban) against the validated demand of 1 crore in the last 3 years of implementation.
This is a huge jump in comparison to erstwhile housing scheme wherein only 12.4 Lakh houses were approved in around 9 years of its implementation, the Ministry of Housing said in a release.
Out of over 51 lakh sanctioned houses, more than 28 lakhs have already been grounded and are in various stages of construction. Further, over 8 lakh houses have already been completed and nearly 8 lakh houses have been occupied by the beneficiaries.
The government has now proposed a Global Housing Construction Technology Challenge
to support building cost-effective affordable homes.
The Global Housing Construction Technology Challenge (GHTC-I ) may help us adopt those technologies to suit our local conditions and requirements. It is a win-win situation for all stakeholders which would help in the fast transition of new global construction technologies in India giving a fillip to building affordable houses in India in a cost-effective and sustainable manner, the release said.
It added further that the government is committed to providing “Housing for All” by the end of the Mission period-2022. A National Urban Housing Fund for Rs. 60,000 crores have been set up for raising Extra Budgetary Resources (EBR) in phases, for the rapid implementation of PMAY (U).
Source Link- https://realty.economictimes.indiatimes.com/