June 09, 2021
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Total investment under the mission is ₹7.35-lakh cr including Central assistance of ₹1.81 lakh cr of which ₹96,067 cr of funds have been released
The Ministry of Housing and Urban Affairs (MoHUA) has approved 708 proposals for construction of 3.61 lakh houses under Pradhan Mantri Awas Yojana – Urban (PMAY-U). The decision was taken at the 54th Meeting of the Central Sanctioning and Monitoring Committee (CSMC). These houses are proposed to be constructed across Beneficiary Led Construction and Affordable Housing in Partnership verticals.
This is the first CSMC meeting during the second wave of Covid-19 pandemic and was attended by 13 States/UTs. “The demand for sanction has saturated in all States/UTs. Utilisation of unused funds and ensuring completion of the projects within stipulated time is our prime focus now,” said Durga Shanker Mishra, Secretary, MoHUA.
Synopsis
Mishra was speaking on the launch of housing price index (HPI) in association with the industry body NAREDCO, which will enable homebuyers, investors, real estate developers and policymakers to track high-frequency price movement in India s key residential markets.
Agencies
Online real estate portal housing.com with the global business school, Indian School of Business (ISB), said the HPI will provide monthly reports on price and quantity movement in various property markets across the country.
Real estate sector will contribute 10% of the GDP by 2030, according to Union Housing and Urban Affairs Secretary, Durga Shanker Mishra.
Mishra was speaking on the launch of housing price index (HPI) in association with the industry body NAREDCO, which will enable homebuyers, investors, real estate developers and policymakers to track high-frequency price movement in India s key residential markets.
Synopsis
According to the Gurugram-based digital real estate company, the HPI, created in association with the Indian School of Business’ (ISB) Srini Raju Centre for IT and the Networked Economy (SRITNE), aims to serve as a tool that tracks changes in residential home prices across India s eight major markets.
Agencies
The index would help decision-makers in the industry and government by providing relevant information on the real estate market and design effective action and interventions, said Rajendra Srivastava, Dean ISB.
Online real estate portal Housing.com along with the global business school, Indian School of Business (ISB), has launched its Housing Pricing Index (HPI), an indicator of economic activity in real-estate, the second-largest employment generating sector in India.