Govt nod for 3.61 lakh houses under PMAY-U

New Delhi: The government has given its nod for construction of 3.61 lakh houses under Under Pradhan Mantri Awas Yojana - Urban (PMAY-U). 

These houses are proposed to be constructed across "Beneficiary Led Construction and Affordable Housing in Partnership verticals".

The approval for the construction of 3.61 lakh homes was given during 54th meeting of the Central Sanctioning and Monitoring Committee (CSMC) under PMAY-U. The meeting was organized in New Delhi and was attended by 13 states/UTs. 

Ministry of Housing and Urban Affairs Secretary Durga Shanker Mishra said, "The demand for sanction has saturated in all states/UTs. Utilisation of unused funds and ensuring completion of the projects within the stipulated time is our prime focus now."

"With this, as on date, the total number of sanctioned houses under PMAY-U is now 112.4 lakh and so far, 82.5 lakh have been grounded for construction of which 48.31 lakh have been completed/delivered. Total investment under the mission is Rs 7.35 lakh crore, which has central assistance of Rs 1.81 lakh crore of which Rs 96,067 crore of funds have been released," said a release by the Ministry.