PMAY

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Finance Minister Nirmala Sitharaman on Friday reviewed the capex plan of the Ministry of Housing and Urban Affairs and emphasized on the need for timely and efficient utilisation of these funds. A key focus of the discussions during the meeting was the Pradhan Mantri Awas Yojana (Urban) scheme, which plays a crucial role in providing affordable housing. "Union Finance Minister Smt. @nsitharaman underscored the importance of accelerating progress under this scheme to meet the housing needs of urban India," the finance ministry said in a post on X. This meeting was part of a series of ongoing reviews with Ministries and Departments that have significant capex allocations in the Union Budget. For the financial year 2024-25, a budgetary allocation of Rs 28,628 crore has been earmarked for capital expenditure. During the meeting, the Finance Minister emphasized the need for timely and efficient utilisation of these funds, the ministry said. Sitharaman also impressed upon the officials

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Rs 10 trn committed in the next five years to address housing in urban and rural areas

According to the minister, 173,350 houses have been sanctioned to Christians, followed by Sikh - 49,670 houses, Buddhist - 19,707, Jainism - 10,457, and Zoroastrianism - 1,127

Jobs, skills and innovation should be the focal point

The Union Budget 2024 is expected to be announced in the third week of July. Finance Minister Nirmala Sitharaman to hold pre-budget meeting on June 20

This comes when the affordable housing sector has been struggling due to higher demand for bigger, costlier homes in India

Government data shows that so far, some 122,000 real estate projects have been registered under Rera, with over 121,000 consumer grievances addressed nationwide

Housing has been a pressing issue for a significant portion of Delhi's 20 million inhabitants. The issue flared up when the DDA razed nearly 10 slums in first half of 2023, in the run-up to G2 Summit

In the proposed expansion of the housing scheme, self-employed individuals, shopkeepers, and small traders are likely to be included

At the BS IML Conclave 2024, LIC Housing Finance CEO T Adhikari said that one size fits all scheme doesn't work in affordable housing

PMAY-U is a demand-driven scheme and the Government of India has not fixed any target for financial year-wise sanctioning of houses under the scheme

Sai took the oath of office and secrecy as the chief minister of Chhattisgarh in the presence of Prime Minister Narendra Modi on Wednesday

Uttar Pradesh Chief Minister Yogi Adityanath on Friday handed over keys of houses built on land freed from the "illegal" possession of slain gangster-turned-politician Atiq Ahmad under the Pradhan Mantri Awas Yojana (PMAY) to 76 beneficiaries. Ahmad along with his brother Ashraf was shot dead at point-blank range by three men posing as journalists during a media interaction in April. Addressing the event, Adityanath said the previous government stood with the mafia when it came to freeing the land of the poor. "I will ask all the development authorities to build houses for the poor on the land freed from the mafia so that the poor can get shelter and their faith in the government will increase," he said. Adityanath said 54 lakh poor people in the state have been allotted houses under PMAY in the past six years and 10 lakh more houses will be allotted soon. "Six years ago, not a single poor person used to get a house under this scheme. The poor did not get houses because the state

The Union Ministry of Rural Development forwarded a communique to the West Bengal state secretariat on Wednesday, intimating the latter that a 10-member field inspection team to review allegations

Bandipore (J&K), March 22 (IANS/ 101 Reporters) Five families in Sumlar braved the recent sub-zero temperatures in tin sheds as Rural Development Department is yet to transfer the Rs 2.25 lakh approved for building concrete houses.

A parliamentary panel has recommended to the government to conduct an impact assessment study of its urban housing scheme and explore the feasibility of extending it with modifications or formulating another similar one to benefit the urban poor at large to achieve the objective of 'Housing for All'. The Standing Committee on Housing and Urban Affairs also sought to know the number of slums de-notified since the implementation of the In-Situ Slum Redevelopment (ISSR) vertical of the Pradhan Mantri Awas Yojana-Urban (PMAY-U) and observed that the housing ministry is duty-bound to maintain the data pertaining to the outcome of its mission and schemes. The report of the committee, chaired by Rajiv Ranjan Singh, was presented in Lok Sabha on Monday. The report stated that the Union Housing and Urban Affairs (HUA) Ministry has accepted that it had not conducted any independent urban housing need assessment study of the PMAY-U. "The Committee feels that being a demand-driven scheme, ther

65% women prefer investing in real estate over other asset classes, and of these, 77% would rather buy property as an investment and only 23% want it for self-use

Centre has increased budget for housing scheme, although older targets haven't been met