The Union Housing Ministry recently said that the target to build one crore PMAY homes will be achieved way before the deadline of 2022.
Hardeep Singh Puri, Union Housing and Urban Affairs minister said that we are confident to deliver one crore homes under the PMAY scheme before the set deadline. He also sounded confident about the receival of approving the total number of PMAY homes by the first quarter of next year and the complete construction of the same by the year-end.
Prior to this, PM Narendra Modi tweeted that No stone will be left unturned to fulfill the dream of Housing for All, which will give wings to crores of aspirations.
PM also said that his government is committed to offer better urban infrastructure under PMAY (Urban), AMRUT and Smart Cities missions that were introduced in the first tenure of his Government with the aim of transforming urban landscape.
Minister Puri said that over 81 lakh PMAY Homes are sanctioned at a cost of Rs. 4.83 lakh till now and over 6.32 lakh families have availed interest subsidy under the Pradhan Mantri Aawas Yojna.
He further said that the practice of cooperative federalism has worked as the states are now onboard unlike what happened in the UPA regime.
In a recent development, the Central Government plans to set up a common online platform for the Real Estate Regulatory Authority (RERA) of all states and UTs in the near future. This platform will offer an opportunity for all including the home-buyers, developers and authorities to exchange views.
Durga Shanker Mishra, Secretary, Housing and Urban Affairs said that this platform will make the real estate law more strong.
The Real Estate (Regulation and Development) Act, 2016, makes it compulsory for all the States to form their respective real estate regulator in order to protect home buyers rights.
Mishra was quoted saying that, we are working to introduce a common platform where RERA of all states and Union Territories (UTs) can exchange their views. With this, RERA will be more strong.
As per the ministry, the homebuyers cannot avail the subsidy under the Credit-Linked Subsidy Scheme [CLSS] under the Pradhan Mantri Awas Yojana (Urban), in case the real estate project is not registered under RERA.
The beneficiaries are offered an interest subsidy of Rs. 2.67 lakhs under the Pradhan Mantri Aawas Yojna (Urban).
Secretary, Housing ministry also said that the state RERAs can study other states in a particular matter.
While sharing the details about real estate projects on the fourth anniversary of PMAY (U), AMRUT and Smart Cities Mission, the Secretary said that more than 42,000 projects have been registered under RERA and over 32,000 real estate agents have been registered till now.
Hardeep Singh Purim, Ministry for Housing and Urban Affairs said that the implementation of the central real estate law has made a very big difference. He further said that RERA is a real estate regulator and it let the homebuyers to register their complaint against the developers.