PMAY to attain its target two years before its Deadline



‘Housing for All by 2022’ scheme under Pradhan Mantri Awas Yojana (PMAY) will soon achieve its target 2 years before its deadline. Basis a source, numerous housing projects are being sanctioned in every 3 months and the implementations of these projects are going on in an excellent pace. It has been estimated that the ‘Housing for All’ mission would be accomplished by the third quarter of 2020 instead of 2022.

Around 60,000 crore of Extra Budgetary Resources under the National Urban Housing Fund has been provided exceptionally for PMAY. The states and the union territories are responding well and almost two-three lakh houses are being sanctioned every month under the scheme. If the project under the scheme continues at this pace, then by the 75th anniversary of India’s Independence, it’ll cater to the demand of nearly 1.2 crore housing shortages in the country.

10 cities were selected to execute the Smart City Mission and under the Central assistance, a sum of Rs 1024 crore has been released to northeastern states for the Smart City Mission so far. 12 towns of Northeastern states have been included in the Atal Mission for the resuscitation for Urban Transformation for providing water taps to all households.

Mr. Pradeep Aggarwal, Co founder & Chairman, Signature Global and Chairman, National Council on Affordable Housing, ASSOCHAM says, “We have already delivered Solera 4 years before the stipulated time in Gurgaon. Apart from us, we are really happy to see the government progress at this pace for the ‘Housing for All by 2022’.”

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