PMAY(Urban)

Ministry of Housing and Urban Affairs has been implementing Pradhan Mantri Awas Yojana (Urban) PMAY (U) to address the housing shortage in urban areas of the country with a larger goal of “Housing for All by 2022” and in order to ensure effective implementation of PMAY (U) Mission, the Ministry regularly monitors key indicators of the programmes at various fora.

Objective

The objective of the Mission is to provide Central assistance to implementing agencies through States/Union Territories (UTs) for providing houses to all eligible families/beneficiaries by 2022.

Challenges

The major challenges in this regard are lack of appropriate low-cost land within the city confines, inadequate development norms, lengthy statutory clearance and approval process. Other factors are proper planning and designing of affordable housing project design, lack of participation due to low-profit margins by key market players, lack of maintenance mechanism, high funding costs for construction, lack of a suitable mechanism for maintenance, issues in beneficiary selection and inadequate resources and team selection process. Until and unless the above challenges are resolved, creating two crore homes is quite challenging.

Solution

We implement a multi-modal approach to deal with the issue by providing support in financing model derived from a detailed evaluation of the project. The distribution of houses needs to be linked with the progress in construction for an affordable housing project that can take up to 60 months for completion.