fund sanctionGDA i.e. the Ghaziabad Development Authority urged the Union Government to sanction Rs. 2,400 crores for the construction of 36,000 affordable homes that are set as a target by the Uttar Pradesh State Government under the Pradhan Mantri Aawas Yojna [PMAY]. The Rs estimated construction cost of each dwelling unit stands at Rs. 4.5 lakhs.

The development authority requires Rs. 2,400 crore for the completion of these affordable housing units but is currently facing shortage of funds.

The Union Government will pay Rs. 1 lakh as a contribution to the total cost of Rs.4.5 lakh as the beneficiary is required to pay the remaining amount. The official further said that the actual cost to construct a dwelling unit is around Rs. 15 lakhs as it also includes land acquisition cost and the construction that increase expense on the GDA’s part.

Apart from this, the Ghaziabad Development Authority also has to acquire approximately 60 acres of land to develop affordable homes.

Other than receiving funds from the Union Government the Ghaziabad Development Authority also seek financial assistance from the State Government to carry out infrastructural development in the city.  The GDA has the target to build18, 000 dwelling units in 2019-20 and 4,500 more till 2020-21.

Earlier in June, the Ghaziabad Development Authority plans to roll out the possession of dwelling units under the Pradhan Mantri Aawas Yojna from July 2020.

However, the biggest issue in the way to complete housing units is the delay in transferring the land use of plots.

Kanchan Verma, vice-chairperson, GDA said that there are 432 dwelling units in Dasna and 856 in the Madhuban Bapudham and all these flats are planned to be delivered July 2020. She further said that the development authority set the target to build approximately 36,000 dwelling units jointly with the private builders. However, the sanction of various DPR i.e. the detailed project report is held back but now we expect a fast pace of work as the model code of conduct is lifted.