The Central Government of India has set a target of constructing about 51 lakh affordable housing units in the financial year 2017-18 to achieve its target of one crore affordable housing units by the year 2019 under its ambitious scheme PMAY Gramin (PMAY-G).
According to the reports, more than 32 lakh affordable housing units have been constructed in Financial Year 17 and 18 lakh in Financial Year 16. PMAY Gramin was launched in November 2016 to replace the erstwhile Indira Awaas Yojana.
For the current year, the budget of about Rs. 15 thousand has been allocated for the scheme and nearly doubled allocation per household from Rs 75,000 to over Rs 1,20,000. Besides this, the overall area increased from 22 to 25 square meters.
According to a senior government official, governments focus is to speed up construction significantly besides ensuring that the money being transferred is not put to any misuse. About 15,000 affordable housing units have been constructed under the PMAY Gramin.
Under Pradhan Mantri Awas Yojana, in order to ensure smoother and faster verification, every housing unit is to be geo-referenced along with time and date on photographs of the house at various stages of construction.
As per the sources, recently central government surveyed about 3.92 crore affordable housing units and according to the SECC data 2011 to identify 2.26 crore families eligible for the scheme. The main target is to construct 3 crore houses for rural poor in the next 7 years.
News Source: http://economictimes.indiatimes.com/wealth/real-estate/government-targets-to-make-51-lakh-houses-in-fy18-under-pmay-gramin/articleshow/58952627.cms