1 crore homes to be sanctioned by Central Government prior to 2020


As per reports, the Union Housing & Urban Affairs Ministry is planning to issue sanctions for the development of roughly 1 crore homes prior to the year 2020 under PMAY (Pradhan Mantri Awas Yojana) (urban). This decision will be a major contributor towards the mission of Housing for All by 2022. This ministry holds responsibility for the implementation of several schemes including PMAY (U), Swachh Bharat Mission, National Heritage City Development and Augmentation Yojana (HRIDAY), Smart City Mission and AMRUT (Atal Mission for Rejuvenation and Urban Transformation).

As per reports, from April 2018, 1612 cities have already been notified as ODF (open defecation free) which takes the entire tally to 4124 throughout India under the Swachh Bharat Mission (Urban). Close to 62 lakh household toilets have been built with another 5 lakh public and community toilet seats completed or nearing completion. Urban areas in 21 States and Union Territories have been notified as ODF which includes Chandigarh, Rajasthan, Gujarat, Andaman and Nicobar Islands, Jharkhand, Haryana, Chhattisgarh, Andhra Pradesh and Madhya Pradesh along with Dadra and Nagar Haveli.

68.5 lakh housing units have got approval for development under PMAY (U) till now as per the latest reports. 35.67 lakh homes are already in diverse construction stages and 12.45 lakh units have already been finished out of this tally. The Government will be sanctioning 1 crore homes prior to 2020 in order to realize the mission stated above. The investment for this purpose is roughly Rs. 3, 56, 397 crore and Rs. 33, 455 crore has already been disbursed for Union Territories and States out of the central assistance of Rs. 1, 00, 275 crore.

The development of 1 crore homes, if the Government realizes its target, will boost the affordable housing sector greatly in the country. 100 cities have already been chosen under the Smart City Mission. 5, 151 projects have been chosen for implementation by these cities which are valued at more than Rs. 2 lakh crore. 536 km of metro railway lines are functional in 10 cities at present. 110 km of metro railway lines has been approved in 2018 for Hyderabad, Delhi-NCR and Chennai. Three projects spanning 66 km have got approval for Indore, Bhopal and Delhi Metro Extension to Noida Sector 62 from Noida City Centre. 20 HRIDAY projects have been executed this year in various cities. Contracts have been given for 4, 097 projects under AMRUT while 965 contracts have been issued in the water supply space. The dual emphasis on affordable housing and infrastructure development will naturally boost the real estate market throughout the country, not just in metro cities but also in Tier-II and Tier-III cities and towns across India.

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