Hardeep Singh Puri, the Union Housing Minister, hints that the Government will deliver more than one crore homes under the Prime Minister Awas Yojana [PMAY] by December 2018. He further said that the Government has already sanctioned 51 lakh houses under the scheme. The minister gave this information while attending a session organized by Research and Information System for Developing Countries (RIS) and Forum Indian Development Cooperation a day ago.
According to hint made by the Union Minister, it is estimated the Government now has to provide 26,000+ homes every day in order to reach its target of delivering 49,000 residential units by the end of December 2018 under the affordable housing scheme named Pradhan Mantri Aawas Yojna [PMAY].
The press release quotes Minister saying, “His Ministry sanctions almost 3-5 lakh homes every month.” But the calculations of delivering 5 lakhs home every month starting from July will also make the Government fell short of nearly 19 lakh housing units in order to achieve its target of the year. Earlier, Hardeep Singh Puri, the Union housing minister stated that the Central Government is likely to achieve its target of constructing 11.2 million [1.12 crore] housing units by mid-2019. The PMAY [Pradhan Mantri Aawas Yojna] Scheme was launched by Narendra Modi-led Central Government in June 2015 with the ambition to offer ‘Housing for All’ by 2022 and the work is going at a steady pace to achieve the target well in advance.
According to the minister, there is no shortfall of funding as the Government has already sanctioned construction of more than 47 lakh houses in the urban areas and one crore affordable homes in the rural years till the year 2022. Also, the reduction in building time of these houses from 18 months to 12 months under the current Central Government save and offer extra 6 months to construct more affordable homes.