Maharashtra to build 7.3 lakh houses under PMAY by December 2024

Maharashtra to build 7.3 lakh houses under PMAY by December 2024

PUNE : The state housing department has set a target of constructing 7.27 lakh affordable houses under the Pradhan Mantri Awas Yojana by December 2024 — the Centre’s revised deadline.
A senior official of the department said major share of the houses would be in the Mumbai Metropolitan Region Development Authority (MMRDA) and the Pune Metropolitan Region Development Authority (PMRDA) areas, besides Nagpur and Aurangabad regions. “Over 1 lakh units will be in Mumbai, followed by 50,000-60,000 houses in Pune, Nagpur and Aurangabad regions,” he said.
The official said the Centre had given the state a revised target of constructing 7.27 lakh affordable housing units by December next year, of which 60% (4 lakh) were in different stages of construction. The state’s earlier target, set in 2015, was constructing 15.82 lakh units by 2022.
The target was revised after removing the slum rehabilitation projects under the scheme. The Centre also changed the deadline to 2024 to offset the impact of Covid-19 pandemic on the project. Confirming the target revision, another senior official of the state housing department said the state was expecting around Rs8,000 crore from the Centre as a part of the subsidy. The state’s share would be Rs5,000 crore. The Centre has already sanctioned Rs2,000 crore, according to the constructions. The state cleared Rs3,000 crore, he said. Read more...