Housing for All: More than 4.25 lakh houses across 2,011 cities sanctioned

Kitna Haseen Hai Yeh Ek Sapna
Phoolon Ke Shehar Mein Hai Ghar Apna
What a Beautiful Dream is This!
We have our Own Home in the City of Flowers.

The Pradhan Mantri Awas Yojana was launched in June 2015 with the promise of providing ‘Housing for All’ by 2022. Recently, President Pranab Mukherjee praised the government for its commitment to deliver on this promise while addressing the joint sitting of the Parliament. He revealed that the government has sanctioned over 4.25 lakh houses cross 2,011 cities and towns across 27 Indian states at a cost of more than Rs 24,600 crore – right in the first year of the scheme!

The scheme aims to accomplish the construction of 2 crore houses across 4,041 statutory towns in the next 5 years. The primary goals of the scheme are:
a) Slum rehabilitation programme: The Centre will grant Rs 1 lakh for each house on an average while the State government will provide the land for the project.
b) Affordable Housing for Weaker Sections: People from economically weaker sections or low income groups will receive credit-linked subsidy.
c) Affordable housing in partnership with Public & Private sectors.
d) Subsidy for beneficiary-led individual house construction or enhancement.

A Technology sub-mission has also been set up under the 'Housing for All' mission which is responsible for:
1. Design & Planning of the project
2. Use of innovative technologies & materials
3. Use of green buildings and natural resources
4. Use of earthquake and other disaster resistant technologies and designs
Industry experts believe that serious developers are entering the Affordable Housing space now - responding to the market demand which is shifting from big ticket size purchases by investors to individual home buyers.

Read More About Affordable Housing for All is the Priority of Indian Government Now