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
Resources

Rustomjee Builds Model Labour Housing in Thane

In a pioneering move that redefines worker welfare in Indian real estate, Rustomjee Group has unveiled a state-of-the-art 35,000 sq. ft. labour housing facility at the construction site of Rustomjee Urbania in Thane. The project sets a new industry benchmark by integrating comfort, safety, sustainability, and dignity into housing for 500 construction workers. Spread across 84 well-ventilated rooms, each 10x10 feet and accommodating up to six individuals, the facility offers far more than basic shelter. It represents a deeper cultural shift in how the construction workforce is valued—creatin..

Next Story
Real Estate

Young and Old Fuel India’s Housing Boom

India’s housing market is witnessing a surprising surge in interest from two distinct age groups—young professionals and senior citizens. A recent consumer sentiment survey of 1,950 prospective homebuyers reveals that both 18–24-year-olds and those aged 75 and above are showing strong intent to invest in real estate, highlighting a shift in how different generations are approaching property ownership. Young professionals, driven by rising incomes and a long-term view on wealth creation, recorded a Housing Sentiment Index (HSI) score of 164. Respondents from this group indicated they are..

Next Story
Resources

AD Ports’ LNG-Powered Ro-Ro Vessel Sets Sail from Khalifa Port

United Global Ro-Ro, a joint venture between Noatum Maritime (a part of AD Ports Group’s Maritime & Shipping Cluster) and Erkport, has marked a major milestone with the maiden voyage of its first LNG-powered Pure Car and Truck Carrier (PCTC), UGR Al Samha, at Khalifa Port. This event signifies a new chapter in sustainable maritime logistics, as the deep-sea vessel will serve as a green link across trade routes spanning the Middle East, Asia, and the Mediterranean. With a cargo capacity of over 7,000 car equivalent units (CEU) across 12 decks, UGR Al Samha has been designed to optimise the ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?