Under the PMAY Urban, the government has sanctioned more than 51 lakh housing units against the validated demand of 1 crore in the last 3 years of implementation.
In a release, the Ministry of Housing said that this is a big leap in comparison to the last housing scheme wherein only 12.4 Lakh houses were approved in around 9 years of its implementation.
More than 28 lakhs have already been grounded and are in various stages of construction out of over 51 lakh sanctioned houses. Over 8 lakh homes have already been completed and another 8 lakh homes have already been occupied by the beneficiaries.
In order to support building cost-effective affordable homes, the government has now proposed a global housing construction technology challenge.
The release said, “The Global Housing Construction Technology Challenge (GHTC-I ) may help us adopt those technologies that would suit our local conditions and requirements. It is a win-win situation for all stakeholders which would help in the fast transition of new global construction technologies in India giving a boost to building affordable houses in a cost-effective and sustainable manner in India.”
The release further noted that the government is committed to achieving “Housing for All” by the end of the Mission period-2022. For the rapid implementation of PMAY (U) a National Urban Housing Fund for Rs. 60,000 crores have been set up for raising Extra Budgetary Resources (EBR) in phases.
Hyderabad’s Architects & Builders To Go Green With Creative Concrete
Gujarat To Invoke A Stringent Disturbed Areas Act
Only MHADA To Build Affordable Homes In Nagpur
To Meet Urban Demands, India To Build 700-900 Million Sq.Mts. Till 2030
Property Survey In Bengaluru’s Jayanagar Ward Done Through Drones
Crook Who Cheated Mumbai Builder Of Rs. 6 Crores Arrested, Found With Fake IDs
Sale Of Ready-To-Move-In And Low-Cost Homes Goes Up
As Small Builders Take Exit, Big Ones Target Township Projects
RealtyX: Revolutionizing The Referral Market System
How Proptech Is Bolstering The Real Estate Sector
The Round Table Conference of Young Turks by RealtyNXT – 1st Episode
Young Turks – Featuring Ricardo Romell of Romell Group
Buying A Ready-To-Move Home? Mayfair Housing Supports Your Decision
Young Turks – Featuring Mr. Ram Raheja of S Raheja Realty
Property Review – Mayfair Vishwaraja In Titwala By Mayfair Housing
Technology5 days ago
Virtual Reality In Real Estate: What Are Its Advantages?
Technology6 days ago
Utility Of Automation In Construction: What Good Will It Do To Developers And Consumers?
Residential4 days ago
On The Path To Recovery, Indian Real Estate Records 24% Increase In Sales In 3 Months
Regulation5 days ago
Rs.800 Crore For Smart Cities Up For Grabs
Real Estate Events5 days ago
MAHACON Summit To Be Organized By CREDAI On July 13
Real Estate Events6 days ago
NAREDCO Establishes Its First City-level Branch At Nashik
Residential5 days ago
Ajmera Realty Procures A 5.5 Acre Land Parcel In Bengaluru
Technology4 days ago
A New Curve In The Smart City Story: Where Tradition Meets Technology