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More than 51 Lakhs dwelling units sanctioned so far Under PMAY (U)

Capital Market 

Under PMAY (U) so far more than 51 Lakhs dwelling units have been sanctioned against the validated demand of 1 crore in last 3 years of implementation. This is a huge jump in comparison to erstwhile housing scheme wherein only 12.4 houses were approved in around 9 years of its implementation. Out of over 51 sanctioned houses, over 28 lakhs have already been grounded and are in various stages of construction. Further over 8 houses have already been completed and nearly 8 lakh houses have been occupied by the benficiaries. Use of new and fast-track has been adopted in a big way in the scheme. GoI has been insisting States/UTs to issue for construction of large scale housing. CPWD has approved schedule of rates for 8 types of new technologies available in the country. So far, construction of nearly 8.6 lakh houses is being done using these new green technologies, which are fast and environment sensitive. Progress of the houses on the ground are being monitored through geo-tagging using

In terms of coverage, the Mission is a paradigm shift in the history of housing schemes being implemented in the past. The Government of is committed to provide "Housing for All" by the end of the Mission period-2022. A 60,000 crores has been set up for raising (EBR) in phases, for the rapid implementation of PMAY (U). Keeping the ethos of cooperative federalism, the States/UTs are implementing the scheme with considerable zeal and initiatives.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, July 09 2018. 13:29 IST