350 Projects launched for Affordable Housing scheme by Centre Government

2 years ago sarkariadmin 0

A total of 350 projects has been launched by the central government to build a total of 2 Lakh number of houses in the centre’s affordable housing scheme.  Also, center government has decided a private sector investment of Rs 38,000 crore. in the affordable housing scheme. This private investment is the first major initiative of corporates in the Centre’s affordable housing scheme.

350 Projects launched for Affordable Housing scheme

This decision has been taken by central government in order to fulfill the mission of Modi ji to build across 2 crore housing in the country under Pradhan Mantri Awas Yojana. The move comes a day after the Prime Minister’s Office (PMO) held a meeting with private real estate developers with a focus to remove “bottlenecks” to ensure private sector participation in the government’s ambitious ‘Housing-for-all by 2022’ program.

Quick points to notice –

This function was launched by Housing and Urban Poverty Alleviation (HUPA) Minister M Venkaiah Naidu launched the housing projects at Gandhinagar in Gujarat.

Private sector who will invest in the scheme is Confederation of Real Estate Developers’ Associations of India (CREDAI) members to invest over Rs 38,000 crore to build these houses.

The housing units that will be constructed will be in the range of Rs 15 lakh to Rs 30 lakh with an average cost of construction of Rs 18 lakh per house.

Central Assistance provided to Each Beneficiary under PMAY

Pradhan Mantri Awas Yojana-Urban or PMAY(U), the central assistance is provided to each beneficiary in the range of Rs 1 lakh to Rs 2.35 lakh under affordable housing scheme project.

Location & Number of Housing Units to be constructed

Note that maximum housing units

  • Over 1 lakh will be constructed in Maharashtra
  • 41,921 houses in the National Capital Region
  • 28,465 in Gujarat
  • 7,037 in Karnataka
  •  6,055 in Uttar Pradesh
  • 4,000 houses will be built in Rajasthan
  • 3,000 in West Bengal.

States like Goa, Hyderabad, Madhya Pradesh and Kerala wil have houses numbering between 1,000 and 2,000.

Less than 1,000 units will be built each in Assam, Tamil Nadu, Odisha, Chhattisgarh and Andhra Pradesh.

Since the launch of PMAY (Urban) in June, 2015, the HUPA Ministry has approved construction of 17.73 lakh affordable houses for urban poor with an investment of Rs 95,660 crore across the country.

For building these houses, central assistance of Rs.27,879 crore has also been approved.

Along with all these information  check  latest News & Updates on Pradhan Mantri Awas Yojana