An inter-ministerial Central Sanctioning and Monitoring Committee approved this first of its kind affordable housing project on private land under PMAY (Urban).
The Ministry of Housing & Urban Affairs today approved construction of 30,000 affordable houses for urban poor on private land at Sholapur, Maharashtra, under Pradhan Mantri Awas Yojana (Urban). Central assistance of Rs 450 crore has also been approved for this project.
An inter-ministerial Central Sanctioning and Monitoring Committee (CSMC), chaired by Durga Shanker Mishra, Secretary (Housing & Urban Affairs) approved this first of its kind affordable housing project on private land under PMAY (Urban) after detailed discussions with the officials of the Maharashtra Government.
Raynagar Cooperative Housing Federation, Sholapur submitted a proposal to build 30,000 affordable houses for its members comprising of beedi and textile workers and other urban poor belonging to Economically Weaker Sections (EWS) at a total cost of Rs 1,811 crore under PMAY (Urban). The state government after due examination agreed to provide an assistance of Rs 300 crore for the same and forwarded the proposal to the ministry in March last year.
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Being the first of its kind, DS Mishra ascertained for Maharashtra officials about the ownership of land, compliance with the Mission Guidelines including the eligibility of beneficiaries, AADHAR linking, role of state government and implementation oversight to ensure the proposed project is completed in time as funding by both the central and state governments is involved.
Maharashtra officials explained that the State Level Technical Committee (SLTC) set up under PMAY (Urban) has appraised the project and recommended for central funding. The ownership of the land area of 189 hectares is with the Federation which has acquired this land for building the houses and it will be the implementing agency. All the proposed beneficiaries have been AADHAR linked.
The State officials also informed CSMC that the cost of each dwelling unit of Rs 6.03 lakh has been determined in a transparent manner and with central and state assistance, the delivery price would be Rs 3,53 lakh per house.
On the assurance that the State Level Sanctioning and Monitoring Committee (SLSMC), set up under PMAY (Urban) will oversee the implementation of the project, the CSMC approved the project.
Today’s approval for the affordable housing project on private land under PMAY (Urban) is expected to trigger more such projects on private lands under the Affordable Housing in Partnership (AHP) component of PMAY (Urban). Central assistance of Rs 1.50 lakh for each beneficiary is provided under this component.
CSMC, in its 24th meeting today approved construction of 2,84,803 more affordable houses for urban poor under PMAY(Urban), the highest number approved in a single meeting of CSMC. The total cost of these houses to be built in six states is Rs 16,407 crore for which central assistance of Rs 4,272 crore has been approved.Andhra Pradesh has been sanctioned 2,25,245 houses, Uttar Pradesh-23,322, Tamil Nadu-15,374, Manipur-10,392, Assam-9,767 and Meghalaya-703.LIVE NOW... Video series on How to Double Your Monthly Income... where Rahul Shah, Ex-Swiss Investment Banker and one of India's leading experts on wealth building, reveals his secret strategies for the first time ever. Register here to watch it for FREE.