Financial survey indicates 89 lakh urban homes finished below PMAY, 1.38 lakh housing initiatives registered beneath RERA
The flagship Pradhan Mantri Awas Yojana (PMAY) has finished creation of over 89 lakh houses in city India, said the economic survey 2025, including that 1.38 lakh actual estate tasks are presently registered underneath the RERA Act. "As of november 25, 2024, a total of 1.18 crore houses had been sanctioned, with 1.14 crore grounded and over 89 lakh finished. PMAY (city) 2.0 turned into launched in september 2024 to help a further one crore households," the survey said. The Centre had stated in finances 2024 that it'll help one crore greater homes underneath the PMAY (city) scheme and Rs 10 lakh crore could be invested, along with a relevant help of Rs 2.2 lakh crore over 5 years. The primary cupboard decision of Modi 3.0 time period had final 12 months permitted creation of 3 crore extra homes beneath PMAY scheme, out of which two crore homes were to come up in rural areas under PMAY (Grameen).
The Financial survey 2024-25
Similarly stated that over 35,000 low-priced housing gadgets had been built in 23 cities under smart towns project, and 199 initiatives worth Rs 9,2 hundred crore had been implemented in over 50 towns across India. The survey brought that the actual estate (law & improvement) Act, 2016, has ensured better regulation and transparency within the actual estate area. "via january 2025, over 1.38 lakh real estate initiatives had been registered beneath RERA and 1.38 lakh proceedings had additionally been resolved," the survey said.
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