New housing projects after progress on old ones, centre tell states – ET RealEstate

No new affordable housing projects will be sanctioned till old ones are completed, the Centre has told the states as barely 22% of the houses sanctioned under the flagship programme have been completed.

The ministry of housing and urban affairs has told the states that no new projects would be sanctioned under affordable housing in partnership (AHP) till old projects get off the ground and show progress.

Over five years after the launch of the Pradhan Mantri Awas Yojana (Urban), the housing for all flagship mission, the affordable housing programme has seen poor achievement of targets.

According to ministry statistics provided to ET, 23,31,229 houses have been sanctioned. Of this, 22% have been completed.

Even after completion, the states have been struggling to allot these to beneficiaries. Only 9% of the completed houses have been occupied.

Follow and connect with us on , Facebook, Linkedin



Source link

Jammu & Kashmir approves Rs 2 lakh interest-free loan for PMAY-U beneficiaries – ET RealEstate

JAMMU: The J&K Administrative Council, which met here under the chairmanship of Lieutenant Governor Manoj Sinha, approved the proposal of the Housing and Urban Development Department to provide interest-free loan up to Rs 2 lakh to the urban houseless economically weaker section beneficiaries under Beneficiary Led Construction (BLC) component of the Pradhan Mantri Awas Yojna-Urban (PMAY-U).

The beneficiaries under the BLC component of PMAY-U have experienced the difficulty in mobilising their contribution as they come from economically weaker sections and have to contribute higher share as compared to other States/UT, as a result of which the construction of dwelling units under this component of PMAY-U could not achieve the desired targets.

The beneficiaries of this component have demanded enhancement of assistance in their favour so that they can complete their houses within the targeted date of the mission. In view of practical difficulties faced by the beneficiaries in arranging financial resources, the government agreed to provide interest subsidy to all the eligible beneficiary.

The interest-free loan will be an additional benefit, over and above the financial assistance of Rs 1.66 lakh which is already being provided to the beneficiaries under the PMAY-U. With this the beneficiaries can now avail Rs 3.66 lakh for construction of their dwelling units.

The tenure of the BLC interest-free loan has been fixed at 10 years and includes a moratorium of six months, repayable through monthly installment of Rs 2,500.

At present the scheme will benefit 41,992 beneficiaries under this component.

The decision is a part of the government’s resolve to provide affordable housing to the economically weaker section of the society and provide supplementary financial assistance so as to realise the vision of the Prime Minister by providing Housing For All by 2022.



Source link

Housing ministry approves construction of 56,368 houses under PMAY-Urban – ET RealEstate

NEW DELHI: The Ministry of Housing and Urban Affairs (MoHUA) approved construction of 56,368 houses under Pradhan Mantri Awas Yojana-Urban (PMAY-U) at 53rd Central Sanctioning and Monitoring Committee meeting held here on Monday evening.

According to the housing ministry, these houses are proposed to be constructed under various verticals of the PMAY-U Mission.

“Let’s get into the mode of implementation and execution,” said Durga Shanker Mishra, Secretary, Ministry of Housing and Urban Affairs (MoHUA).

He urged the states and UTs to ensure 100 per cent completion and delivery of PMAY-U houses to all its eligible beneficiaries within the mission period.

A total of 11 states and UTs attended the Monitoring Committee meeting and they were directed to use the online mechanism (MIS) for proper implementation and monitoring of the mission.

The progress of Light House Projects (LHPs) and Demonstration Housing Projects (DHPs) were also reviewed by Secretary, MoHUA.

The foundation stones of the LHPs were laid by Prime Minister on January 1, 2021. The houses under LHPs are being constructed at Lucknow, Ranchi, Rajkot, Agartala, Chennai and Indore.

To promote these LHP sites as live laboratories for the transfer of technology to the field, the Ministry has initiated an Online Enrolment Drive for Technograhis to encourage large-scale citizen participation and create technical awareness, on-site learning, find ideas for solutions, experimentation and encouraging innovation.

He said the Mission is promoting women empowerment by allotting houses in the name of women beneficiaries or joint ownership.

Mishra further said the MoHUA is committed to provide pucca houses to all eligible beneficiaries of urban India by 2022 when the nation celebrates 75 years of Independence.

The construction of PMAY-U houses are in various stages. As of now, more than 73 lakh houses have been grounded and nearly 43 Lakh have been completed, the ministry added.



Source link

Construction of 1.68 lakh new houses approved under PMAY-Urban – ET RealEstate

NEW DELHI: Construction of 1,68,606 new houses have been approved under Pradhan Mantri Awas Yojana (Urban) taking the total to 1.1 crore so far.

The decision was taken in the 52nd Meeting of the Central Sanctioning and Monitoring Committee (CSMC) 14 States/UTs participated in this meeting.

These houses are proposed to be constructed across the verticals of beneficiary-led construction, affordable housing in partnership and in-situ slum redevelopment.

Construction is in various stages in more than 70 lakh houses and more than 41 lakh houses have been completed.

The states also put in their proposals for revision of projects due to various issues such as, of land, topographical hazards, inter-city migration, change of preferences of verticals etc.

Durga Shanker Mishra, secretary, MoHUA urged the states/UTs to strategize the expeditious implementation of PMAY-Urban projects.

“The states/UTs shall focus on completion and delivery of houses to beneficiaries. He further urged the States/UTs to expedite the implementation of Affordable Rental Housing Complexes (ARHCs) scheme,” said Mishra.

This was the second CSMC meeting during the covid-19 pandemic. Housing ministry said that they are committed to provide pucca houses to all eligible beneficiaries of Urban India by 2022.



Source link