Apr 2 2018 | India Opportunities

3.5 lakh houses completed under PMAY (Urban): MHUPA

According to the Ministry of Housing and Urban Poverty Alleviation PIB release, as on date, around 40.65 lakh houses have been sanctioned under the Pradhan Mantri Awas Yojana (Urban), out of which 18.47 lakh houses have been grounded while 3.5 lakh houses have been completed. Apart from this, out of those houses which remained incomplete till March 2014 and sanctioned under JNNURM, 1.7 lakh houses have been completed. The total number of houses which have been completed is 5.2 lakh.

The Government of India has sanctioned 21.65 lakh houses in the last one year. The housing projects normally take between 18 to 24 months to complete its life cycle of construction. Of the houses grounded for construction, 55% are at ground level, 12% at foundation and the rest are at various stages of completion. The actual pace of the scheme started from October 2016 and the construction activities commenced from 2017 onward, after partnership with stakeholders and tendering activities.

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