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PMAY progress report: Centre approves 93 percent of total housing units

Comments Off on PMAY progress report: Centre approves 93 percent of total housing units   |   March 24, 2020    08:11pm   |Contributed by Indian Realty News

The Central Government has approved around 93 percent of the total planned housing units under the Pradhan Mantri Awas Yojana-Urban (PMAY-U). By far, as many as 1.03 crore housing units have been sanctioned across the country under the said scheme.

To provide affordable pucca houses to the homeless population of the country, the Central Government has approved over 1 crore houses in urban parts of the country under the Pradhan Mantri Awas Yojana – Urban (PMAY-U). Against the humongous target of 1.2 crore units, the Government has sanctioned nearly 1.03 crore units across the States and Union Territories (UTs). Of the approved units, approximately 61 lakh units are under-construction and nearly 32 lakh units have been completed and successfully delivered to the eligible candidates.

Andhra Pradesh, Uttar Pradesh and Maharashtra have received the maximum number of sanctions at 20.08 lakh units, 15.74 lakh units and 11.68 lakh units, respectively. Amongst others, Tamil Nadu received 7.89 lakh sanctions, and Gujarat received approval for 6.46 lakh units.

Moreover, across States, about 29 lakh beneficiaries have already occupied the houses built under PMAY-U. Uttar Pradesh has reported the highest number of occupancies at 4.29 lakh led by Gujarat and Madhya Pradesh at 3.22 lakh houses and 3.21 lakh units, correspondingly. Overall, the Government aims to deliver 1.2 crore houses by 2022. Hence, the remaining nine lakh houses would be sanctioned in a couple of months’ time . Furthermore, to expedite the project deliveries, the Government has also created a National Urban Housing Fund (NUHF) of Rs 60,000 crore.

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