The Narendra Modi-led Central Government is eyeing to deliver affordable homes to the countrymen under Housing for All Scheme by next year. The Government aims to construct 10 million affordable homes for the rural poor and is also planning to sanction more affordable homes for the poor’s living in urban areas by the end of this year.
The construction of 11.8 million residential units in urban areas is likely to be completed by 2020 which is two years ahead of the deadline of Housing for All by 2022. Similarly, the building of 10 million affordable homes in rural areas under the Pradhan Mantri Awas Yojana – Gramin [PMAY-G] is also estimated to be completed by mid-2019.
The Government is also planning to sanction 10 million urban homes by the end of 2018 out of which 4.5 million homes are already approved and many people will soon enjoy living in their dream home. The PMAY Scheme is a large scale housing project which allows every poor to own home irrespective of the rural and urban areas where he/she lives in. Thus, the Union Government is working at top-priority to meet the target of Housing for All in the year 2019 instead of the 2022 deadline.
The Uttar Pradesh was facing the storage of homes particularly in the rural areas and become the first State to build the maximum number of affordable homes under the PMAY Scheme. The State constructed 80,000 homes under Housing for All in the leadership of Chief Minister Yogi Adityanath. Also, the beneficiaries received the subsidy of Rs 1.2 lakh under this Scheme.
According to an official, the construction of 500,000 houses is being completed in the urban areas even after facing the issues related to land acquisition etc. The Government is also planning to sanction 50,000 homes per month and 2.2 million affordable homes are under construction. This construction is likely to be completed before the set deadline of 2022.