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PMAY – 352 Housing Projects Across 53 Cities Launched by CREDAI

M. Venkaiah (Minister of Housing & Urban Poverty Alleviation) Naidu has launched 352 Housing Projects in 53 Cities. These housing projects were launched in 17 States across the country under Pradhan Mantri Awas Yojana – Urban.

2 Lakh houses will be constructed with an investment of Rs. 38,000 Crore.

Housing projects will be completed in association with CREDAI (Confederation of Real Estate Developer’s Association of India).

Cost of constructed houses is expected to be from Rs. 15 – 30 Lakh with average cost of construction Rs. 18 Lakh per house.

Such housing projects have been launched by considering EWS, LIG & MIG categories of the country.

To make this Housing Project a huge success, minister has ensured co-operation of Ministry & Central Nodal Agencies like National Housing Bank & HUDCO with CREDAI.

Details of Housing Projects

Here we have explained details about all Affordable Hosuing Projects, which have been launched today from implementation:

Sr. No. No. of Houses Location
01 More than 1 lakh

Maharashtra

02 41,921

National Capital Region

03 28,465 Gujarat
04 7,037 Karnataka
05 6,055 Uttar Pradesh
  • Investment in Housing Project: Around Rs. 38,000 Crore
  • No. of Housing Projects: 352 Projects
  • No. of Cities: 53 Cities

Ministry had earlier sanctioned 17.73 lakh houses for urban poor, this Housing for All Project will cost upto Rs. 95,660 Crore in 30 states & Union Territory.

Also central Government will contribute an assistance of Rs. 27,879 crore. Central state government will also contribute its role to make this housing project a great success.

Each beneficiary of Pradhan Mantri Awas Yojana – Urban (PMAY-U) will be assisted financially by Rs. 1 – 2.35 lakh.
Also here we want to inform you about the Credit Linked Subsidy Scheme (CLSS) to provide benefit to each beneficiary of PMAY-U.

Sr. No. Income Group Interest Subsidy
01 Rs. 12 Lakh

4%

02 Rs. 18 Lakh

3%

Credit Linked Subsidy Scheme will benefit Economically Weaker Section (EWS), Low Income Group (LIG) & Middle Income Group (MIG).

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