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PMAY Urban Housing Solutions made easy

Finding a house of our own with security and stability is a dream for many of us! The Central Government of India has also been quite progressive when it comes to implementing and introducing change related to housing. If the reports are to be believed, more than one crore of houses have been sanctioned under Pradhan Mantri Awas Yojana and about 56.20,00,00 units have already been built. This happens to be a statement issued by the government to Lok Sabha And, if this data is to be believed, then certainly the housing solutions are no longer a distant reality for a lot many out there.

It is also quite insightful to underline here that the Union Minister for Housing and Urban Affairs, Minister Hardeep Singh Puri, has also stated that out of all the total sanctioned houses, about 94.79 lakhs have been grounded for construction and more than 56.20,00,00 units have been completed or have been delivered to beneficiaries so far. It is indeed a news of joy that more than 115,00,00 houses have been sanctioned across the country and this also shapes a very positive picture of the problems related to the housing in urban India.

It is also notable here that the government has given strict guidelines to the convener to speed up the process so that all the houses can be made within the stipulated deadline and the project reports can be submitted to the related departments on timely basis. The minister has mentioned that Prime Minister's Scheme is set to address affordable housing requirement in urban areas through four main verticals. Those four verticals are beneficial lead individual house construction or enhancement, affordable housing in partnership, credit linked subsidy scheme, and institution development. In order to seek approval from the sanctioning and monitoring committee, all the guidelines have to be strictly adhered to and no form of flaw is going to be tolerated by the government or any specific department associated with the process of construction to selling of the property being made under Pradhan Mantri Awas Yojana. The proposals are being submitted to the committee and it is also due for the Central Assistance, by the Central Committee, to approve the same.

It is speculated that the project will be completed in the duration of 18 months under the BLC vertical and for the other verticals, it might take more than 36 months as well. What can be stated for sure is the fact that after this scheme has been implemented, it is shaping in a very positive and optimistic manner and certainly going to help a lot of people finding their housing solution in pocket friendly manner. If you are also someone who is looking forward to own a house of your own, you can definitely educate yourself about this and get in touch with the real estate industry experts, such as Geetanjali Homestates Private Limited for finding it solutions for your housing related concerns.