Good news for home buyers: Govt approves 3.31 lakh more houses under PMAY
The addition of 3.31 lakh affordable houses will take the total number to 96.5 lakh under the Pradhan Mantri Aawas Yojana.
New Delhi: Taking forward its mission of providing affordable houses to the urban and rural poor, the Modi government on Wednesday approved the construction of 3.31 lakh more houses under the Pradhan Mantri Awas Yojana (PMAY).
With this major announcement, the ambitious program is set to achieve a target of nearly 1 crore houses under the PMAY. The addition of 3.31 lakh affordable houses will take the total number to 96.5 lakh under the Pradhan Mantri Aawas Yojana.
According to a statement, the approval includes six light houses projects (LHPs) for construction of 6,368 units across six states — Gujarat (1,144), Jharkhand (1,008), Madhya Pradesh (1,024), Tamil Nadu (1,152), Tripura (1,000) and Uttar Pradesh (1,040).
The number of houses approved include – Andhra Pradesh (2,58,648), Karnataka (30,777), Madhya Pradesh (15,245), Gujarat (13,805), Maharashtra (4,691) & Uttarakhnad (1,541). Andhra Pradesh has proposed largest number of new houses and is now the leading State with the highest ever cumulative sanctions for 16,34,748 houses followed by Uttar Pradesh with 14,53,989 houses under the PMAY(U) Mission.
Till date, the Union Housing and Urban Affairs Ministry has sanctioned more than 96.50 lakh houses under PMAY(U) against the validated demand of 1.12 crore houses.
What is Pradhan Mantri Awas Yojana (PMAY)?
Pradhan Mantri Awas Yojana (PMAY) is a housing initiative of the Government of India launched in 2015 to provide affordable housing to the urban and the rural poor. The target of this scheme is to build 20 million affordable houses by March 2022.
There are two categories of PMAY- Pradhan Mantri Awas Yojana Urban (PMAY-U) and Pradhan Mantri Awas Yojana Gramin (PMAY-G) or Pradhan Mantri Awas Yojna – rural
Since the launch of the scheme, several applicants have applied to avail of the benefits.