By Raheja Developers | 21st May 2019

Government aims to construct 12 lakh houses in FY18 under PMAY scheme

Under the dream project of Prime Minister Mr. Narandra Modi, Housing for All by 2022. Now the government has set a target to construct 12 lakhs more houses under the scheme Pradhan Mantri Awas Yojana (Urban) in 2017-2018, whereas only 1.49 lakh houses were built under the scheme in 2016-17.

A senior government official said that “under Pradhan Mantri Awas Yojana (Urban), the Centre targets construction of 26 lakh houses in 2018-19, 26 lakh in 2019-20, 30 lakh in 2020-21 and 29.80 lakh in 2021-22. The main reason behind this delay is mainly due to the delay in land acquisition.” Adding to this he also said that “So far, the proposal for construction of 18.76 lakhs houses have been sanctioned, and funding for construction of 13.06 lakh houses has been issued. But, due to delay in land acquisition, only 1.49 lakh houses have been completed under PMAY (Urban) in 2016-17."
The government had launched the Pradhan Mantri Awas Yojana (Urban) in June 2015, aiming to ensure Housing for All by 2022.

So the coming time will definitely be going to full fill many people’s dream of owning a house, as many other doors are going to be opened under the PMAY Scheme.

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