PMAY-U: 708 proposals approved for construction of 3.61 lakh houses
Real Estate

PMAY-U: 708 proposals approved for construction of 3.61 lakh houses

The centre has approved 708 proposals on June 8 for the construction of 3.61 lakh houses under Pradhan Mantri Awas Yojana-Urban (PMAY-U) mission.

The decision has been taken at the 54th meeting of the central sanctioning and Monitoring Committee (CSMC) held in New Delhi under PMAY-U. As many as 13 states/UTs attended the meeting. These houses have been proposed to be constructed in partnership verticals across beneficiary led construction and affordable housing.

Additionally, Shri Durga Shanker Mishra, Secretary, Ministry of Housing & Urban Affairs (MoHUA), launched the PMAY- U Awards 2021 - 100 Days Challenge. The awards are given to recognise and celebrate the outstanding performances and contribution of the UTs, states, urban local bodies (ULBs) and beneficiaries to implement the mission and create a healthy competition successfully.

This reflects the importance the government has attached to the aim of providing pucca houses to all eligible beneficiaries of urban India by 2022 with the vision of 'Housing for All', and it was the first CSMC meeting during the second wave of the Covid-19. The Ministry of Housing and Urban Affairs (MoHUA) laid renewed emphasis to accelerate housing construction and completion across the country within stipulated time under PMAY(U).

The states/UTs also brought in their proposals for revision of projects due to various issues like land, inter-city migration, loss of lives, topographical hazards, change of preferences of verticals, etc.

With this, the total number of sanctioned houses is 112.4 lakh under PMAY(U), and so far, 82.5 lakh were grounded for the construction, of which 48.31 lakh have been completed/delivered.

Total investment under the mission is Rs 7.35 lakh crore which has central assistance of Rs 1.81 lakh crore, of which Rs 96,067 crore funds have been released.

Image Source


Also read: Affordable housing: Grappling with the challenge of accessibility

Also read: Govt approves 56k more houses under PMAY-U

The centre has approved 708 proposals on June 8 for the construction of 3.61 lakh houses under Pradhan Mantri Awas Yojana-Urban (PMAY-U) mission. The decision has been taken at the 54th meeting of the central sanctioning and Monitoring Committee (CSMC) held in New Delhi under PMAY-U. As many as 13 states/UTs attended the meeting. These houses have been proposed to be constructed in partnership verticals across beneficiary led construction and affordable housing. Additionally, Shri Durga Shanker Mishra, Secretary, Ministry of Housing & Urban Affairs (MoHUA), launched the PMAY- U Awards 2021 - 100 Days Challenge. The awards are given to recognise and celebrate the outstanding performances and contribution of the UTs, states, urban local bodies (ULBs) and beneficiaries to implement the mission and create a healthy competition successfully. This reflects the importance the government has attached to the aim of providing pucca houses to all eligible beneficiaries of urban India by 2022 with the vision of 'Housing for All', and it was the first CSMC meeting during the second wave of the Covid-19. The Ministry of Housing and Urban Affairs (MoHUA) laid renewed emphasis to accelerate housing construction and completion across the country within stipulated time under PMAY(U). The states/UTs also brought in their proposals for revision of projects due to various issues like land, inter-city migration, loss of lives, topographical hazards, change of preferences of verticals, etc. With this, the total number of sanctioned houses is 112.4 lakh under PMAY(U), and so far, 82.5 lakh were grounded for the construction, of which 48.31 lakh have been completed/delivered. Total investment under the mission is Rs 7.35 lakh crore which has central assistance of Rs 1.81 lakh crore, of which Rs 96,067 crore funds have been released. Image Source Also read: Affordable housing: Grappling with the challenge of accessibility Also read: Govt approves 56k more houses under PMAY-U

Next Story
Infrastructure Urban

Budget 2025: Key Highlights

On February 1, 2025, Finance Minister Nirmala Sitharaman presented the Union Budget for the financial year 2025-26 in Parliament. This marks the eighth budget by Sitharaman, making her the first finance minister in India’s history to present so many budgets. It is also the first budget of Prime Minister Narendra Modi’s third term.Sitharaman emphasised that the budget focuses on driving growth towards a “Viksit Bharat” (Developed India), with the country maintaining its position as the fastest-growing major economy. She outlined the government’s commitment to inclusive development, im..

Next Story
Infrastructure Urban

Budget 2025-26: Industry reactions

Union Finance Minister, Nirmala Sitharaman announced Budget 2025-26 today. The government has planned a number of strategic initiatives which will drive inclusive growth, boost economic growth and provide an impetus to to India’s competitive edge on the global stage.Here’s what industry has to say about various announcements and initiatives announced in the budget:Real Estate“The Union Budget 2025 is a game-changer, reinforcing India's commitment to inclusive and sustainable urban growth. The SWAMIH Fund 2 with Rs 15,000 crore will accelerate the completion of stalled housing projects, b..

Next Story
Infrastructure Urban

Budget 2025: Key Announcements Impacting Real Estate

Key takeaways for the real estate sector include:• Income tax relief for the middle class: The finance minister announced zero income tax for individuals earning up to Rs 12 lakh annually, providing a major consumption boost. This move is also expected to strengthen demand for affordable housing. Additionally, the new income tax bill will retain nearly 50 per cent of existing provisions while introducing personal tax reforms and rationalising TDS and TCS regimes by streamlining rates and thresholds.• Tax benefits for residential property investors: Investors can now claim nil valuation for..

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