The Centre today approved an investment of Rs 9,005 crore for construction of over 73,000 houses for economically weaker sections in Maharashtra, Punjab and Jammu and Kashmir.
An inter-ministerial Central Screening and Monitoring Committee, chaired by Ministry of Housing and Urban Poverty Alleviation (HUPA) Secretary Nandita Chatterjee, gave the nod for first batch of housing proposals during the current financial year, an official release said.
These were also the first affordable housing proposals of the three states sanctioned under PMAY (Urban). The central assistance for construction of the houses would be to the tune of Rs 1,080 crore.
“HUPA has approved an investment of Rs 9,005 crore for construction of 73,205 more houses for Economically Weaker Sections in urban (areas) under Prime Minister Awas Yojana (PMAY) in the states of Maharashtra, Punjab and Jammu and Kashmir,” the release said.
Maharashtra has been sanctioned a total of 71,701 houses in 10 cities at a total project cost of Rs 8,932 crore with central assistance of Rs 1,064 crore, it added.
For Punjab, construction of 1,280 houses for in-situ slum redevelopment in Bhatinda was approved with a total investment of Rs 57 crore for which central assistance would be to the tune of Rs 12.80 crore.
For Jammu & Kashmir, construction of 224 houses has been approved with a total investment of Rs 16.07 crore with central assistance of Rs 3.36 crore.
With these approvals, the total investment approved for affordable housing under PMAY (Urban) so far has gone up to Rs 43,922 crore for construction of 6,83,724 houses for urban poor with total central assistance commitment of Rs 10,050 crore, the release said.
Under PMAY (Urban) launched in June last year, two crore houses for urban poor is to be built by the year 2022.