Largest affordable housing programme in India sanctions more than a crore houses in Urban zone

New Delhi, December 28: "More than one crore houses have been sanctioned under Pradhan Mantri Awas Yojana (Urban)", confirmed Housing and Urban Affairs Minister Hardeep Puri while addressing the forum at New Delhi today, adding that one crore houses had already been sanctioned out of a validated demand of 1.12 crore houses in urban areas. He said a total of 57 lakh houses are in various stages of construction of which, nearly 30 Lakh houses have been completed. PMAY (U) is one of the largest affordable housing programmes in the world.

 

 

Secretary, Ministry of Housing and Urban Affairs, Durga Shanker Mishra meanwhile informed that the Mission has covered a range of social groups. This comprises of around 5.8 lakh senior citizens, 2 lakh construction workers, 1.5 lakh domestic workers, and 1.5 lakh artisans. He said empowerment of women is an inbuilt design of the scheme where the ownership of the house is in the name of female head of household or in the joint name.

 

The implementation of Pradhan Mantri Awas Yojana (Urban) has induced a remarkable investment in housing sector especially in the affordable housing segment. The houses sanctioned so far under the Mission involve an investment of about 5.70 lakh crore rupees with central assistance of 1.6 lakh crore rupees.

 

The Central government is contributing one lakh to 2.67 lakh rupees for each house under different verticals of the scheme. As on date, nearly 60,000 crore rupees of central assistance has already been released.

 

Presently, works of about 3 lakh crore rupees is ongoing and by the time Mission accomplishes its target of 1.12 Crore houses, the entire activity will trigger an investment of more than seven lakh crore rupees. Around 1.20 crore employment has been generated through forward and backward linkages with about 250 auxiliary industries like, steel, brick kilns, cement, paint, hardware, and sanitary.