Central is Preparing to Construct More Than 1 Crore Houses by 2019

The government recently said that it has granted the construction of one crore houses and property in Delhi with the financial investment of Rs. 81,975 crores during the FY 2016-2017 to 2018-2019. Shri Ram Kripal Yadav, Minister of State, Rural Development said in a writing to a question asked in the Lok Sabha that as per provincial figures of sociological, economic and caste census 2011, four crore rural houses have experienced housing deprivation.

Out of the houses that were constructed under the Indira Awas Yojna (IAY), and state sponsored housing grants, 2.95 crores and more houses, which is 10%, are in the need for construction to achieve the main focus of ‘Housing for all by 2022’, where to purchase property in Delhi will not be a problem anymore. 

Phases 1 of the Yojana - one crore houses are targeted for construction under Pradhan Mantri Awas Yojana Grameen, which is PMAY-G. Targets to be completed before 2022 will be determined after verification and finalization of permanent wait lists, based on SECC 2011 by all 30 states and Union Territories. Shri Yadav also said that technical support targets will also be provided for Housing for all by 2022 at the national level.  

Also developers in various are are also showing interest ion making affordable home, one of the examples is affordable homes in Mumbai real estate market as a new way to attract most prominent buyers. 

Housing for All

The minister informed that to gain the focus of ‘Housing for all’ various features should be followed into the scheme structure of PMAY. They are:

  • The availability of sufficient financial resources both in form of budget support and NABARD borrowing to reach the expenditure for constructions of houses.    

  • Payment through electronic transfer benefit to resolve problems of delayed payments and expedite finish. 

  • Use of software, MIS- AwaasSoft, to monitor the work process online. 

  • Monitoring and geo-tagging of houses through the mobile app - AwaasApp by the builders to reduce delay.

  • Increasing number of more known and trained rural workers through training camps and assessment and certification.

Setting up of PMUs, at state level to reform and review the work progress on a daily rate, along with technical support and facilitation as well as plug gaps in implementation using administrative funds available under the plan.

Also Read: Most Expensive Homes in India

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