News
Investment worth more than 5 lakh crore riding on PMAY: Amrit Abhijat
Speaking at the session on ‘Emerging Construction Technologies’ at 15th National Convention of NAREDCO today Amrit Abhijat, IAS, Joint Secretary (PMAY), Union Ministry of Housing and Urban Affairs underlined the significance of cost-effective, energy-efficient and sustainable new technogies in making Pradhan Mantri Awas Yojana (PMAY) a resounding success. He informed that the Union government is looking at investments close to five to seven lakh crore rupees under PMAY. As of now, 50 lakh houses are being constructed out of 26 lakh crore have already been delivered. “Affordable housing has clearly emerged as the answer to the problem of the economy”, he added.
Abhijat further spoke about the six Lighthouse Projects coming up in Rajkot, Indore, Lucknow, Pune, Chennai, and Ranchi for which the builder community must participate in bids by visiting the website www.ghtc.india.gov.in by 30th August 2019. He added that funding has been ensured for these projects which will be RERA-compliant and financially viable projects.
He elaborated that new technologies used in PMAY projects are transforming the lives and providing dignified, secure and happy existence to people. This is the paradigm shift we have brought about in the way housing is considered in India, he said.
Earlier, welcoming the Joint Secretary, MoHUA, Praveen Jain, Vice-Chairman, NAREDCO appreciated the government’s efforts in pushing affordable housing in the country by ensuring use of emerging technologies, providing subsidy and bank finance to developers and buyers of low-cost houses.
-
News3 weeks ago
Noida’s High-Rise Societies Face Multiple Challenges Despite Rapid Urban Growth
-
News3 weeks ago
Olive Announces Dhruv Kalro as Co-Founder
-
News4 weeks ago
Vestian: Domestic Investors Dominate Institutional Investments in Jan-Mar’24
-
News3 weeks ago
India to become the fastest-growing silver economy, housing up to 17% of the world’s elderly population by 2050: CBRE Report
-
News2 weeks ago
SKA Forays In Luxury Housing: Launches SKA Destiny One in Greater Noida, To Invest Rs 592 Crores
-
News4 weeks ago
Ashiana Housing Sells Rs 440 cr Worth 224 Flats at its Project Amarah in Gurugram
-
News3 weeks ago
Kyndryl opens new office in Bengaluru
-
News3 weeks ago
How Noida-Greater Noida’s Infrastructure is Transforming the Real Estate Landscape?