The continuous push by the Centre  to  flagship Pradhan Mantri Awas

Yojana (PMAY)- Urban , especially the Credit Linked Subsidy Scheme component of the PMAY , has worked well to boost the supply of affordable housing. According to the latest statistics of  Ministry of  Housing & Urban

Affairs, interest subsidy of over 12000 crore has been disbursed to home buyers till March 2019. PMAY has four components- CLSS, InSitu Slum Redevelopment, Affordable Housing in Partnership and Beneficiary Led Construction (BLC) under whichHousing Ministry provides central assistance to beneficiaries to construct their own house. Between 2014-18, a total of 1.53 crore houses have been constructed under PMAY-Urban. To further boost supply, Housing Ministry is promoting innovative technologies which are adaptable, sustainable, low cost and can be used for creating large scale affordable housing at rapid pace.

Says Pradeep Aggarwal, Chairnan, Assocham National Council on Real Estate, Housing & Urban Development and Founder & Chairman, Signature Global, ” The Centre’s push to Housing for All by promoting affordable housing is laudable. Even this year Rs 25853 crore have been allocated. In order to provide further impetus to affordable housing supply, the government should take pro- active steps to boost the liquidity situation “.