80,000 homes to be built for poor in 163 cities.

Credit: http://www.rnews.co.za/

Over 80,000 houses will be built in urban areas in seven states for the Economically Weaker Sections (EWS) with the Centre today giving its nod to the proposals which entail a total investment of more than Rs 4,000 crore.

The houses will be built in 163 cities in the seven states.

The Ministry of Housing and Urban Poverty Alleviation said a total central assistance of Rs 1,226 crore -- at the rate of Rs 1.50 lakh for each house -- will be provided under the Prime Minister's Awas Yojana (Urban) with the overall cost of the project estimated to be Rs 4,076 crore.

West Bengal has been sanctioned a total of 27,830 houses, followed by Telangana--22,817; Bihar--13,315; Mizoram--8,922; Rajasthan--6,052; Jharkhand--2,337; and Uttarakhand--484, an official release said.

An inter-ministerial Central Sanctioning and Monitoring Committee, chaired by HUPA Secretary Nandita Chatterjee, approved the proposals received from the seven states after detailed discussions and once it was satisfied about the availability of land for the initiative and the share of the states and the beneficiaries, it added.

Of the total houses sanctioned, 58,456 will be built under the 'Beneficiary-Led Construction' component. Under this, beneficiaries will build new houses on their own land with assistance from the central and state governments.

Another 23,301 houses will be built under 'Affordable Housing in Partnership' component under which the state governments will provide land while the Centre would extend assistance of Rs 1.50 lakh per beneficiary.

With the latest approval, the government has so far sanctioned a total of 5.07 lakh houses for EWS in 13 states, the total central assistance for the same amounting to Rs 7,519 crore.

Under PMAY, the government has a target to aid the construction of two crore houses for urban poor in 4,041 statutory urban local bodies in the country.

Credit : http://realty.economictimes.indiatimes.com