Over 2 crore affordable houses to be built in three years
IANS 24 October 2017
The government said on Tuesday that a universal affordable housing scheme will give a big boost to the construction industry as 1.2 crore dwellings will be built in three years under PMAY's urban component and another 1.02 crore units under its rural component by March 2019.
 
"The universal affordable housing for all will give a big boost to the construction industry," Finance Secretary Ashok Lavasa told the media in the presence of Finance Minister Arun Jaitley after a Union Cabinet meeting here.
 
Lavasa said 1.2 crore units under the Pradhan Mantri Awas Yojana or PMAY (Urban) would entail an expenditure of Rs 1,85,069 crore in three years. 
 
He said under PMAY (Gramin) 1.02 crore units would be built at a cost of Rs 1,26,795 crore by the Centre and states by March 2019. Lavasa said 51 lakh units will be built this year. 
 
The government last month announced a new PPP (Private Public Partnership) Policy for Affordable Housing that allows extending central assistance of up to Rs 2.50 lakh per house to be built by private builders even on private land, besides opening up immense potential for private investments in affordable housing projects on government land in urban areas. 
 
The government had launched "Housing for All" in rural areas in November 2016 under which the government proposes to provide an environment friendly and secure house to every rural household by 2022. 
 
The government had in June 2015 given its approval for "Housing for All by 2022" for urban areas which provided for rehabilitation of slum dwellers, promotion of affordable housing for weaker sections through credit-linked subsidy and subsidy for beneficiary-led individual house construction or enhancement. 
 
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Comments
DrSatish Kumar
4 years ago
Improving rural infrastructure along with healthcare and education is high priority.
Vijay Dadoo
4 years ago
Excellent move by Government. Are the houses being planned in single floor or multiple floors? If they all are on ground floor and single floor, the extraordinary amount of land required may taker away the land which is available for agriculture, growing vegetables, making schools, making parks, making roads or making industry etc.
In the writer's views, the houses should be multistory, in cities 5 to 15 floors, in villages around five floors. This will save on the land. Today, in any house, whether small or big, the maximum cost is that of land. The other advantages of multiple floor houses are less cost of construction, less encroachment etc.
ankit
Replied to Vijay Dadoo comment 4 years ago
Its not a move, its an announcement.
Vijay Dadoo
Replied to ankit comment 4 years ago
Right Sir, but magnitude of the things should be considered right at the time of inception.
Gopalakrishnan T V
4 years ago
Many things have been said but one has to wait and see for the results. Going by the fast three years , nothing good has happened to the lower and middle middle class and the way the tax policies are introduced, the people by and large are losing their incomes and hopes and their trust in Government is fading fast.
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