Showing posts with label Durga Shanker Mishra. Show all posts
Showing posts with label Durga Shanker Mishra. Show all posts

Friday, November 15, 2019

Government approved construction of more than 1.4 lakh houses under Pradhan Mantri Awas Yojana (Urban)


The Center on July approved construction of about 1.4 lakh houses under the Pradhan Mantri Awas Yojana. Permission was granted to construct around 1,40,134 more affordable houses for the benefit of the urban poor, taking the cumulative number of houses to be built under PMAY (U) to more than 85 lakhs.



The Union Housing and Urban Affairs Ministry said in a statement that the approval was given at the 45th meeting of the Central Clearance and Monitoring Committee (CCMC) headed by HAA Secretary Durga Shanker Mishra.

Under the sanctioned houses, Uttar Pradesh was sanctioned 54,277 houses, while West Bengal got approval to construct 26,585 houses, followed by Gujarat (26,183), Assam (9,328), Maharashtra (8,499), Chhattisgarh (6,507), Rajasthan. (4,947) joined. ) And Haryana (3,808) under PMAY (U)

The statement further said that a total of 492 projects would cost Rs 6,642 crore, out of which the Center approved financial assistance of Rs 2,102 crore.

Additional Information about Pradhan Mantri Awas Yojana:


Pradhan Mantri Awas Yojana (PMAY) has been introduced by Prime Minister Narendra Modi on 1 June 2015. PMAY scheme is an ambitious project of PM Narendra Modi. It is provided by the Government of India which intends to provide affordable housing to the urban poor. It aims to provide housing for all by 2022, by which time the nation has completed 75 years of its independence.

Under the scheme, affordable houses will be built in selected cities and towns using environmentally friendly construction techniques to privilege the urban poor population. Further, under the Credit Linked Subsidy Scheme (CLSS), beneficiaries under the PM Awas Yojana are fit for interest subsidy if they take a loan to buy or build a house.

Beneficiaries under the Pradhan Mantri Awas Yojana?


A beneficiary family would include a husband, wife, unmarried son and / or unmarried daughters. The beneficiary family should not keep a pucca house in any part of India in his / her name or in the name of any member of his family.

Identify and Select Beneficiaries under PMAY?


The Pradhan Mantri Awas Yojana (U) scheme mainly caters to the housing demands of the urban poor. The scheme provides housing facilities for people living in limited areas of slums, inefficient infrastructure, poor sanitation and drinking facilities.



The beneficiaries of PMAY (U)?


Mainly consist of Middle Income Group (MIG), Low-Income Group (LIG) and Economically Weaker Section (EWS). While the annual income of EWS category Beneficiaries is more than Rs.3 lakhs, the annual income of LIG and MIG beneficiaries is Rs. Can be between 3-6 lakhs and Rs.6-18 lakhs. While the beneficiaries of the EWS category are eligible for full support under the scheme, the beneficiaries of the LIG and LIG categories are only eligible for the Credit Linked Subsidy Scheme (CLSS) under PMAY.

To be identified as an LIG or EWS beneficiary under the scheme, the applicant is asked to submit an affidavit as income proof to the authority.


The term commercial real estate called investment/income property refers to the buildings or land that is intended to make a profit, either from capital gain or rental income on SuGanta Realty Services llp The commercial real estate in India can be categorized in the industrial property, office buildings, hotels, medical centers, malls, shopping centers, retail stores, farm land, warehouses, multifamily housing buildings & garages. In India, buying power of people has improved due to the growing economic situation of India & which is the best cause of rising demand in property investment. One more cause for increasing in the property-investment-demand is that in the great India, it is regarded as the finest investment since it promises high returns & huge profits.