Hardeep S Puri, Minister of State (I/C) for Housing & Urban Affairs has informed that out of a validated demand of 1.12 Cr houses in urban areas, 1 Cr houses have already been sanctioned. Further, a total of 57 Lakh houses are in various stages of construction of which, nearly 30 Lakh houses have been completed. Compared to the earlier JnNURM scheme, PMAY (U) has achieved 10 times more in a span of 4.5 years, whereas the earlier scheme had taken 10 years to achieve a significantly less number.
The implementation of PMAY (U), has induced a remarkable investment in housing sector especially in the affordable housing segment. The houses sanctioned so far under the Mission involve an investment of about Rs. 5.70 Lakh Cr with Central Assistance of Rs. 1.6 Lakh Cr. The Central Government is contributing Rs.1.00 Lakh to Rs.2.67 Lakh for each house under different verticals of the scheme. As on date, nearly Rs. 60,000 Cr of Central Assistance has already been released. Presently, works of about Rs. 3 Lakh Cr is ongoing and by the time Mission accomplishes its target of 1.12 Cr houses, the entire activity will trigger an investment of more than Rs. 7 Lakh Cr.
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