Nearly Half of Affordable Housing Under PMAY-Urban Remains Vacant
Real Estate

Nearly Half of Affordable Housing Under PMAY-Urban Remains Vacant

Almost 50% of the affordable housing units constructed under the Pradhan Mantri Awas Yojana-Urban (PMAY-U) remain unoccupied, according to the Union Ministry of Housing and Urban Affairs' submission to the Parliamentary Standing Committee on Housing and Urban Affairs. Launched in 2015, PMAY-U aimed to complete its target of 12.269 million houses by 2022 but has been extended until December 31, 2024. Of the 8.832 million houses completed so far, significant portions under key verticals remain vacant. For instance, under the Affordable Housing in Partnership (AHP) vertical, only 54% of the 901,000 completed houses have been occupied. Similarly, in the In-Situ Slum Redevelopment (ISSR) vertical, 70% of the 67,806 completed units remain unoccupied. The Ministry attributed this vacancy to several factors, including incomplete infrastructure, delays in allotment, and unwillingness of beneficiaries. It emphasised that state governments are responsible for providing the necessary trunk infrastructure, such as roads and utilities, to make the houses habitable. States like Telangana, with a large number of unoccupied houses, have also faced delays in finalising allotments. The Parliamentary Committee, chaired by TDP MP Magunta Sreenivasulu Reddy, urged the Ministry to address these challenges, stressing that unoccupied housing undermines the mission's purpose. It called for better coordination between the Central and State governments to resolve infrastructure and allotment bottlenecks. In response to these issues, the Ministry launched PMAY-U 2.0 in September 2024, with a target to construct 10 million additional urban homes over the next five years, incorporating lessons from the original scheme. (Indian Express)

Almost 50% of the affordable housing units constructed under the Pradhan Mantri Awas Yojana-Urban (PMAY-U) remain unoccupied, according to the Union Ministry of Housing and Urban Affairs' submission to the Parliamentary Standing Committee on Housing and Urban Affairs. Launched in 2015, PMAY-U aimed to complete its target of 12.269 million houses by 2022 but has been extended until December 31, 2024. Of the 8.832 million houses completed so far, significant portions under key verticals remain vacant. For instance, under the Affordable Housing in Partnership (AHP) vertical, only 54% of the 901,000 completed houses have been occupied. Similarly, in the In-Situ Slum Redevelopment (ISSR) vertical, 70% of the 67,806 completed units remain unoccupied. The Ministry attributed this vacancy to several factors, including incomplete infrastructure, delays in allotment, and unwillingness of beneficiaries. It emphasised that state governments are responsible for providing the necessary trunk infrastructure, such as roads and utilities, to make the houses habitable. States like Telangana, with a large number of unoccupied houses, have also faced delays in finalising allotments. The Parliamentary Committee, chaired by TDP MP Magunta Sreenivasulu Reddy, urged the Ministry to address these challenges, stressing that unoccupied housing undermines the mission's purpose. It called for better coordination between the Central and State governments to resolve infrastructure and allotment bottlenecks. In response to these issues, the Ministry launched PMAY-U 2.0 in September 2024, with a target to construct 10 million additional urban homes over the next five years, incorporating lessons from the original scheme. (Indian Express)

Next Story
Infrastructure Urban

What Industry Wants!

The construction industry is gearing up for Budget 2025 with high expectations. As one of India’s key economic drivers, the sector is eagerly anticipating reforms and policies to address pressing challenges such as high input costs, funding gaps, and sustainability demands. Industry leaders across real estate, infrastructure, construction materials, and logistics have shared their wishlists, urging the government to focus on GST rationalization, increased CAPEX, and green initiatives.This year’s budget presents an opportunity for the government to not only tackle existing bottlenecks but a..

Next Story
Infrastructure Urban

Messe Stuttgart, Startup India Tie-Up to Boost Funding

The logistics market in India is poised for significant growth, with a projected revenue of $357.3 billion by 2030. Despite this huge potential, a recent McKinsey & Company report highlights the decline in logistics funding following the pandemic that remains a significant concern. After receiving unprecedented funding of $25.6 billion in 2021, venture capital investment in logistics startups fell sharply to $2.9 billion in 2023—a nearly 90 per cent decrease, marking the lowest since 2015. This pullback from investors is attributed to several factors, including high interest rates, a glo..

Next Story
Infrastructure Transport

JK Tyre Strengthens Road Safety Commitment

Reinforcing its unwavering commitment to road safety, JK Tyre & Industries, a leader in the tyre manufacturing industry, partnered with the Delhi Traffic Police to organise a comprehensive Road Safety Awareness Week. This initiative, held as part of National Road Safety Month (January 1–31, 2025) spearheaded by the Ministry of Road Transport and Highways (MoRTH), aimed to foster responsible driving habits and reduce road accidents. Under the theme ‘Sadak Suraksha Jeevan Raksha,’ the initiative commenced on January 16, 2025, at the Delhi Police Traffic Training Park, BKS. The program feat..

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