April 29, 2024: Construction of 82.36 lakh houses has been completed till April 22, 2024, under the government’s flagship Pradhan Mantri Awas Yojana Urban (PMAY-U) component, official data show.
The Centre has sanctioned 118.64 lakh units under the PMAY-U as against the demand for 112.24 lakh units. Of the 118.64 lakh sanctioned units, ground for construction has been laid for 114.17 lakh houses till April.
In terms of finances, Rs 1,99,653 crore was committed for the PMAY-U. Of this, Rs 1,63,926 crore has been sanctioned while Rs 1,50,562 crore has been spend on house construction. Utilisation certificate has been issued for Rs 1,50,340 crore so far, data show.
Data also show that the largest number of sanctioned amount was in the Beneficiary-Led Construction component of the urban housing mission. Under this category, financial assistance of Rs 1.5 lakh is given to individual eligible families belonging to economically weak section category to either construct a new house or to enhance an existing one on their own.
Source: PMAY website
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An alumna of the Indian Institute of Mass Communication, Dhenkanal, Sunita Mishra brings over 16 years of expertise to the fields of legal matters, financial insights, and property market trends. Recognised for her ability to elucidate complex topics, her articles serve as a go-to resource for home buyers navigating intricate subjects. Through her extensive career, she has been associated with esteemed organisations like the Financial Express, Hindustan Times, Network18, All India Radio, and Business Standard.
In addition to her professional accomplishments, Sunita holds an MA degree in Sanskrit, with a specialisation in Indian Philosophy, from Delhi University. Outside of her work schedule, she likes to unwind by practising Yoga, and pursues her passion for travel.
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