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    All PMAY houses to be sanctioned by March 2020: Hardeep Singh Puri

    Synopsis

    Of the initial target of 1 crore houses in urban India, 84 lakh had been sanctioned, Hardeep Singh Puri said on the sidelines of the event.

    PTI
    NEW DELHI: The government would sanction all the targeted 1.12 crore houses under the Pradhan Mantri Awas Yojana (PMAY) by March 2020, said Union Minister for Housing and Urban Affairs Hardeep Singh Puri at the 15th annual convention of the National Real Estate Development Council (NAREDCO), here on Tuesday.

    Of the initial target of 1 crore houses in urban India, 84 lakh had been sanctioned, he said on the sidelines of the event.

    "We have sanctioned 84 lakh houses. I have full faith that by December 2019, all the 1 crore houses will be sanctioned. The additional demand of 12 lakh houses, which has raised our target to 1.12 crore, will be sanctioned in the first three months 2020," Puri said.

    Hoping that houses will completed in a timely manner, he said 24 lakh homes had been handed over to the PMAY beneficiaries. "We have done grounding of 48 lakh houses. This figure will soon reach 75 lakh. We have handed over 24 lakh houses and that figure will soon touch 50 lakh," he said.

    Puri also said the Real Estate (Regulation and Development) Act (RERA) had removed many aberrations. But as the Act was just two-year-old, it could not be expected to solve all problems at one go, he added.

    "We are in the process of streamlining RERA procedures. But by and large, the regulator (Real Estate Regulatory Authority) has come to be accepted by all stakeholders," the Minister said.

    The statement has come a day after Union Housing and Urban Affairs Secretary Durga Shanker Mishra said the government was working towards amending several provisions of the RERA, which would benefit both developers and home buyers.
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    5 Comments on this Story

    Anil Kumar394 days ago
    Ha Ha Ha shaji, if money is given with ministers monitored work will be done
    Prakash Ramiah395 days ago
    Pmay ok people with some land and access to bank loan yes some benefits. What about one without ancestral property no land no front end money ever rent paying how to give aff hsg and titled dwellable bankable asset .every year one cr students write plus 2 exams after 8 years they are 50 lac couple.naredco and credai are wealth creators for wealthy to become more wealthy by monitising land easily .but a common man wants a titled asset.so first flat seekers with home loan and cost of land in cost of flat and cost of construction and uniform for all at all places at all times is possible by massive distribution of basic floor space index for first flat buyers and compulsory reservation of 50 percent fsi is the realestate reform
    Ask your son can he get a flat
    Whether his daughter by birth own a flat wether one die in fis own .yes possible if it by distributing basic free fsi shelter for all at all places at all times. I wish the readers pl debate discuss deliberate and gazatte notify
    Ramaguru Prasad Jakkala395 days ago
    If houses under PMAY are the only affordable houses, who is building unaffordable houses and who is buying them? How is the money being generated to buy these unaffordable houses? Does it not affect the economy in a negative way?
    The Economic Times