Houses sanctioned under PMAY(U) now over 93 lakh
ECONOMY & POLICY

Houses sanctioned under PMAY(U) now over 93 lakh

The 48th meeting of the Central Sanctioning and Monitoring Committee (CSMC) under the Pradhan Mantri Awas Yojana (Urban) chaired by Durga Shanker Mishra, Secretary, MoHUA, has approved 371 proposals from participating states/UT for the construction of 231,532 houses with an overall investment of Rs 73.22 billion involving central assistance of Rs 34.73 billion. The cumulative number of houses sanctioned so far is more than 93 lakh.

A total of seven states/UT participated in the CSMC, namely, Andhra Pradesh, Assam, Bihar, Madhya Pradesh, Nagaland, Puducherry and Uttar Pradesh. The number of houses approved for the seven states/UT are Andhra Pradesh - 124,624 houses, Assam - 16,002 houses, Bihar - 15,049 houses, Madhya Pradesh - 18,362 houses, Nagaland - 3,238 houses, Puduchery - 1,811 houses and Uttar Pradesh - 52,446 houses. Andhra Pradesh and Uttar Pradesh have achieved nearly 100 per cent of their urban housing demand of 13.78 lakh and 15 lakh houses respectively.

Uttar Pradesh, picked up late only after March 2017, has a cumulative sanction for 14.50 lakh houses so far, is a clear front runner in both overall sanction of house as well as houses sanctioned under Beneficiary-Led Construction Scheme, which is presently 12.56 lakh houses. The state also enjoys leading position among northern states for Credit Linked Subsidy Scheme (CLSS), which is a interest subvention component of PMAY(U).

The proposal received are under Beneficiary Led Construction or Enhancement (BLC) and Affordable Housing Project (AHP) verticals of the scheme. These houses will be constructed by using the new and innovative technologies. For instance, Nagaland is using eco-friendly and earthquake-resistant houses. The material used in this category of houses comprises of bamboo, thatch and grass, etc, with a light weight roof of similar materials.

As on date, the PMAY(U) mission has achieved milestone of sanctioning more than 93 lakh houses under PMAY(U) against the validated demand of 1.12 crore houses. A total of 55 lakh houses are grounded for construction of which construction of more than 28 lakh houses is complete.

Durga Shanker Mishra, Secretary, MoHUA, reportedly said that the investment in sanctioned houses is Rs 5.56 trillion, which includes Rs 2.82 trillion as public sector investment while Rs 2.74 trillion from the private sector. Out of Rs 1.46 trillion Central assistance approved, a total of Rs 578.96 billion has been released to the states/UTs so far.


                                                                                            

The 48th meeting of the Central Sanctioning and Monitoring Committee (CSMC) under the Pradhan Mantri Awas Yojana (Urban) chaired by Durga Shanker Mishra, Secretary, MoHUA, has approved 371 proposals from participating states/UT for the construction of 231,532 houses with an overall investment of Rs 73.22 billion involving central assistance of Rs 34.73 billion. The cumulative number of houses sanctioned so far is more than 93 lakh.A total of seven states/UT participated in the CSMC, namely, Andhra Pradesh, Assam, Bihar, Madhya Pradesh, Nagaland, Puducherry and Uttar Pradesh. The number of houses approved for the seven states/UT are Andhra Pradesh - 124,624 houses, Assam - 16,002 houses, Bihar - 15,049 houses, Madhya Pradesh - 18,362 houses, Nagaland - 3,238 houses, Puduchery - 1,811 houses and Uttar Pradesh - 52,446 houses. Andhra Pradesh and Uttar Pradesh have achieved nearly 100 per cent of their urban housing demand of 13.78 lakh and 15 lakh houses respectively.Uttar Pradesh, picked up late only after March 2017, has a cumulative sanction for 14.50 lakh houses so far, is a clear front runner in both overall sanction of house as well as houses sanctioned under Beneficiary-Led Construction Scheme, which is presently 12.56 lakh houses. The state also enjoys leading position among northern states for Credit Linked Subsidy Scheme (CLSS), which is a interest subvention component of PMAY(U).The proposal received are under Beneficiary Led Construction or Enhancement (BLC) and Affordable Housing Project (AHP) verticals of the scheme. These houses will be constructed by using the new and innovative technologies. For instance, Nagaland is using eco-friendly and earthquake-resistant houses. The material used in this category of houses comprises of bamboo, thatch and grass, etc, with a light weight roof of similar materials.As on date, the PMAY(U) mission has achieved milestone of sanctioning more than 93 lakh houses under PMAY(U) against the validated demand of 1.12 crore houses. A total of 55 lakh houses are grounded for construction of which construction of more than 28 lakh houses is complete.Durga Shanker Mishra, Secretary, MoHUA, reportedly said that the investment in sanctioned houses is Rs 5.56 trillion, which includes Rs 2.82 trillion as public sector investment while Rs 2.74 trillion from the private sector. Out of Rs 1.46 trillion Central assistance approved, a total of Rs 578.96 billion has been released to the states/UTs so far.                                                                                            

Next Story
Infrastructure Transport

HMRTC to Extend Metro from Gurugram to Jhajjar

The Haryana Mass Rapid Transport Corporation (HMRTC) is progressing with plans to extend the Gurugram Metro from Basai to Bhadsa in Jhajjar, with the ridership survey expected to be completed by the end of January, according to HMRTC officials. In March, the authority had requested Railway India Technical and Engineering Services (RITES) to conduct a ridership survey, which will play a crucial role in finalising the project. The proposed route, covering 23.1 km from Basai to Bhadsa, will alleviate heavy traffic on this stretch. The ridership survey will determine whether the extension should p..

Next Story
Building Material

Siam Cement BigBloc Construction bags Tata Project’s order

SIAM Cement BigBloc Construction Technologies, a joint venture between Gujarat based BigBloc Construction and Thailand’s SCG International Corporation, has secured a work order from Tata Projects for supply and installation of AAC Panels for India’s first Semiconductor unit of Micron India in Sanand, Gujarat. The work order of approx. 2 lakh square feet is for supply and installation of 100 mm AAC panels for Micron India’s semiconductor factory at Sanand. The work order was finalized after several rounds of meetings, thorough due diligence, and factory visits, including review of mock-u..

Next Story
Infrastructure Urban

Zoomlion Releases World's Tallest Straight Boom Aerial Work Platform

Zoomlion Heavy Industry Science & Technology has released a series of groundbreaking aerial work platform (AWP) products, including the world's tallest straight boom aerial work platform, the ZT82J, with a height of 82.3 m. These innovative products further solidify Zoomlion's leadership in the AWP sector and underscore its commitment to global market development. The ZT82J marks Zoomlion's third instance of setting a world record in straight boom AWP following the 68-meter and 72-meter products. The 82.3-meter AWP boasts a platform amplitude of 34.1 meters, a maximum working load of 454 kilog..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000