Moneycontrol PRO
HomeNewsBusinessEconomyCentre okays construction of 3.31 lakh more houses under PMAY(U)

Centre okays construction of 3.31 lakh more houses under PMAY(U)

According to a statement, the approval includes six light houses projects (LHPs) for construction of 6,368 units across six states -- Gujarat (1,144), Jharkhand (1,008), Madhya Pradesh (1,024), Tamil Nadu (1,152), Tripura (1,000) and Uttar Pradesh (1,040).

November 28, 2019 / 08:33 IST
Representative image

Representative image

The Centre approved construction of nearly 3.31 lakh more houses, taking the total number of houses being funded under Pradhan Mantri Aawas Yojana (Urban) to 96.5 lakh.

According to a statement, the approval includes six light houses projects (LHPs) for construction of 6,368 units across six states -- Gujarat (1,144), Jharkhand (1,008), Madhya Pradesh (1,024), Tamil Nadu (1,152), Tripura (1,000) and Uttar Pradesh (1,040).

"The 49th Meeting of the Central Sanctioning and Monitoring Committee (CSMC) under PMAY(U), held today, approved 606 proposals from participating states for the construction of 3,31,075 houses with an overall investment of Rs 15,125 crore, involving central assistance of Rs 5,092 crore," the statement sated.

As on date, the Union Housing and Urban Affairs Ministry has sanctioned more than 96.50 lakh houses under PMAY(U) against the validated demand of 1.12 crore houses, it said.

PTI
first published: Nov 28, 2019 08:22 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347