Published 14:46 IST, September 26th 2019

Government approves construction of 1.23 lakh houses under PMAY-Urban

The government has approved 630 approvals from 10 participating states for construction of 1.23 lakh houses under the PMAY-Urban, the Centre's flagship scheme.

Reported by: Akhil Oka
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On Thursday, Ministry of Housing and Urban Affairs in a statement stated that 47th Central Sanctioning and Monitoring Committee (CSMC) h approved 630 approvals from 10 participating states for construction of 1.23 lakh houses. overall investment will be Rs.4,988 crore. In dition, Central government will render assistance of Rs.1,805 crore. With this latest development, total number of sanctioned houses under Prhan Mantri Awas Yojana (Urban), Centre's flagship housing scheme has risen to more than 90 lakh as against target of 1.12 crore by 2022. CSMC is currently heed by Union Housing and Urban Affairs Secretary Durga Shanker Mishra. 

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Hardeep Singh Puri thanks PM Modi's leership

Confirming sanction of 1.23 lakh new houses, Union Minister for Housing and Urban Affairs (Independent Charge) Hardeep Singh Puri gave credit to 'positive leership' of Prime Minister Narendra Modi. 

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Last month, Puri h stated that housing target would be met by 2020, almost two years before official government deline. PM Modi too h focused on fact that India was building 'millions of homes for poor and middle classes' at Bloomberg Global Business Forum on Wednesday. Furrmore, he urged foreign companies to invest in this sector.

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10 states benefit 

So far, West Bengal has got highest chunk of approvals with 27,746 houses, followed by Tamil Nu (26,709), Gujarat (20,903), Punjab (10,332), Chhattisgarh (10,079), Jharkhand (8,674), Mhya Presh (8,314), Karnataka (5,021), Rajasthan (2,822) and Uttarakhand (2,501). While total investment in flagship scheme is Rs.5.54 lakh crore, Union and state governments contribute Rs.3.01 lakh crore leaving rest to private sector. Alrey, Centre has released Rs.57,778 crore. Out of 53.5 lakh houses that have been grounded for construction, more than 27 lakh houses have been completed.

(With PTI inputs)

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13:54 IST, September 26th 2019