Govt approves 3.18 lakh more houses under PMAY(U)

Press Trust of India  |  New Delhi 

The government has approved the construction of over 3.18 lakh more affordable houses in urban areas under the PMAY (U), taking the total to 51 lakh units, the Housing and Urban Affairs (HUA) Ministry said today.

The latest approval entails an investment of Rs 8,692 crore with central assistance of Rs 3,782 crore for 308 projects in six states and Union territories, the ministry said in a release.

has been sanctioned over 2.48 lakh houses, followed by 31,304 houses, 23,564, 13,889, Puducherry 1,580 and 203 houses.

With the latest approvals, the cumulative houses being partially funded under the (Urban) would be over 51 lakh houses, the ministry said.

Launched in June 2015, the government targets to construct around 1.2 crore houses for urban poor by 2022 under the PMAY(U).

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, June 25 2018. 22:40 IST