Union Housing and Urban Affairs Minister Hardeep Singh Puri said that all the 1.12 crore houses being built under the Pradhan Mantri Awas Yojana (Urban) will be occupied by beneficiaries by early 2021.
He added the government had so far approved about 90 lakh houses which are being funded by the ministry and the number will rise to 1.12 crore houses in six months, a target set under the PMAY(U). He was sure the present government would achieve its goal of 'Housing for All by 2022' Mission.
“By March 2020, all the 1.12 crore houses will be sanctioned, and 75 lakh houses will be grounded. Fifty lakh houses will be completed, and 40-45 lakh houses occupied by beneficiaries in next five to six months,” he said.
“We are fully confident that by early 2021, all houses will be occupied by beneficiaries,” he added.
The Union Housing and Urban Affairs Ministry which is mandated to realise the ambitious scheme of PM Narendra Modi, stated that 53.40 lakh houses were grounded a few days back while 27.17 lakh houses have been finished.
PMAY(Urban) has 4 elements - 'Credit Linked Subsidy Scheme' (CLSS), In Situ Slum Redevelopment (ISSR), Affordable Housing in Partnership (AHP) and Beneficiary Led Construction (BLC) under which the ministry provides central assistance to beneficiaries to build their own houses.