The government has sanctioned more than 51 lakh dwelling units under the Pradhan Mantri Awas Yojana (Urban) against the validated demand of 1 crore in last 3 years of implementation.
This is a huge jump in comparison to erstwhile housing scheme wherein only 12.4 Lakh houses were approved in around 9 years of its implementation, the Ministry of Housing said in a release.
Out of over 51 lakh sanctioned houses, more than 28 lakhs have already been grounded and are in various stages of construction. Further, over 8 lakh houses have already been completed and nearly 8 lakh houses have been occupied by the benficiaries.
The government has now proposed a global housing construction technology challenge to support building cost-effective affordable homes.
“The Global Housing Construction Technology Challenge (GHTC-I ) may help us adopt those technologies to suit our local conditions and requirements. It is win-win situation for all stakeholders which would help in fast transition of new global construction technologies in India giving a fillip to building affordable houses in India in a cost effective and sustainable manner,” the release said.
It added further that the government is committed to provide “Housing for All” by the end of the Mission period-2022. A National Urban Housing Fund for Rs. 60,000 crores has been set up for raising Extra Budgetary Resources (EBR) in phases, for the rapid implementation of PMAY (U).