LIDA approves affordable housing project under Pradhan Mantri Awas Yojna

Project entails investment of about Rs 350 cr, will be completed in next three years

Lucknow Industrial Development Authority (LIDA) has approved an affordable housing project, which seeks to complement the Pradhan Mantri Awas Yojna (PMAY) of the Central government.

Being developed by Parth Infrabuild, the project spanning 10 acres is coming up on the busy Lucknow-Kanpur highway. The project would comprise 817 and 460 units for the Economically Weaker Section (EWS) and Low Income Group (LIG) segments respectively and the beneficiaries would get the subsidy under the central scheme for the homeless urban poor dwellers.

The project would entail investment of about Rs 350 crore, including land, and would be completed in the next