Affordable Housing
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According to the recent data shared by the Ministry of Urban Housing and Affairs states that more than 15 percent of 54.95 lakh houses sanctioned in past three years under the Pradhan Mantri Awas Yojana [Urban] have been completed. The Narendra Modi-led Central Government set the target to complete the construction of one crore housing units in urban areas by 2022 and the work to achieve this target successfully is in full swing.

The Ministry of Urban Housing and Affairs sanctioned construction of nearly 1.12 lakh more affordable homes for the urban poor which took the total of affordable homes to 54 lakhs 95 thousand 443 which is highest under PMAY [Pradhan Mantri Aawas Yojna].

According to the official data released by the Ministry of Urban Housing and Affairs, the construction of 8.55 lakh houses have been completed till August 21 this year from the launch of PMAY (U) and the construction work for 30.4 lakh units is under progress across the country. A senior official of the ministry said that the idea to new technologies is being explored in order to complete the construction of remaining units at a fast pace.

The construction of 5.68 houses out of 8.55 lakh houses, have been completed in the past one year. The Pradhan Mantri Aawas Yojna [PMAY] was launched by Prime Minister Narendra Modi in June 2015 with the aim to offer “Housing for All” by 2022″. The beneficiaries of this scheme will also get financial assistance from the Central Government under CLSS i.e. the Credit-Link Subsidy Scheme.

The Central Sanctioning and Monitoring Committee (CSMC) under the chairmanship for HUA Secretary is formed by the Ministry of Urban Housing and Affairs to review and monitor the overall performance of the scheme.

According to the current data, 4,320 cities and towns have been included in PMAY (U) across the country and 11,226 housing projects were approved until July 2018. The Ministry of Urban Housing and Affairs also planned to organize a Global Housing Construction Technology Challenge to attract innovative construction technologies which are adaptable, sustainable, low cost and are useful to build affordable housing at a fast pace in large scale areas.