Pradhan Mantri Awas Yojana Urban: Govt. Approves 1.17 Lakh More Affordable Houses
On Tuesday, the government has approved the construction of 117,814 more affordable housing units for urban poor under the Pradhan Mantri Awas Yojana (Urban) in six states at a total expense of Rs 5,773 crore along with the central assistance of Rs 1,816 crore.
According to a government release, the total number of affordable homes sanctioned under PMAY (Urban) so far has gone up to 1,760,507, with a total investment of Rs 96,018 crore and a central assistance of Rs 27,714 crore.
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Minister of Housing and Urban Poverty Alleviation M Venkaiah Naidu has also directed the ministry officials to ensure that houses sanctioned are constructed quickly.
Karnataka has been sanctioned 31,424 new houses in 234 cities and towns, with Rs 1,222 crore approved as project cost with Rs 518 crore as central assistance. About 30,247 homes have been approved under the beneficiary led construction (BLC) component and 1,177 houses under affordable housing in partnership component, taking the total number of houses sanctioned under PMAY (Urban) for the state to 146,466 so far.
Kerala has been sanctioned 11,480 new houses for 19 cities under BLC component, at a total cost of Rs 344 crore, with a central assistance of Rs 170 crore. The total number of houses sanctioned for the state so far under PMAY(Urban) has gone up to 28,236.
Other states like Madhya Pradesh has been sanctioned 27,714 houses, Bihar 25,221, Jharkhand 20,099 and Odisha 2,115 on Tuesday.
News Source: http://realty.economictimes.indiatimes.com/news/regulatory/govt-approves-1-17-lakh-more-affordable-houses-under-pradhan-mantri-awas-yojana/57755063