Centre approves Rs.9,005 cr more investment in affordable housing in 3 States 73,205 houses sanctioned for Maharashtra, Punjab and J&K
Central Assistance sanctioned Rs.1,080 cr
Investment approved for affordable housing increases to Rs.44,000 cr with Central Assistance of Rs.10,050 cr
An inter-ministerial Central Screening & Monitoring Committee chaired by Dr.Nandita Chatterjee, Secretary (HUPA) approved the first batch of housing proposals during the current financial year. These were also the first affordable housing proposals of these three States sanctioned under PMAY (Urban).
Maharashtra has been sanctioned a total of 71,701 houses in 10 cities at a total project cost of Rs.8,932 cr with Central Assistance of Rs.1,064 cr. Houses sanctioned include -61,946 under Affordable Housing in Partnership (AHP), 7,399 for Beneficiary Led Construction (BLC) and 2,356 for In-situ Slum Redevelopment.
Houses sanctioned city-wise in Maharashtra are: Virar-61,946, Kalyan-30,378, Thane-8,184, Gothegar-3,822 and the rest in Mumbai Metropolitan Region areas of Wave, Palghar, Pen, Nilaje Pada, Raygad and Kelawali.
For Punjab, construction of 1,280 houses for In-Situ Slum Redevelopment in Bhatinda was approved with a total investment of Rs.57 cr for which central assistance of Rs.12.80 cr was sanctioned.
For Jammu & Kashmir, construction of 224 houses under Beneficiary Led Construction component of PMAY (Urban) has been approved with a total investment of Rs.16.07 cr with central assistance of Rs.3.36 cr. This includes construction of 141 houses in Udhampur and 83 in Baramullah.
Under the components of AHP and BLC of PMAY (Urban), central assistance of Rs.1.50 lakh per house is provided while under In-situ Slum Redevelopment to be taken up private developers through monetization of existing land, central assistance of Rs.1.00 per each house is provided.
With these approvals, the total investment approved for affordable housing under PMAY (Urban) so far has gone up to Rs.43, 922 cr for construction of 6,83,724 houses for urban poor with total central assistance commitment of Rs.10,050 cr.
Under PMAY(Urban) launched in June last year, construction of 2 crore houses for urban poor by the year 2022 is targeted.
