Prime Minister Narendra Modi has unveiled a novel scheme aimed at
\naddressing the critical issue of housing shortages for the urban poor. This
\nannouncement reflects the government’s renewed commitment to combat the
\nproblem of inadequate urban housing.<\/p>\n
It’s worth noting that until recently, the government had maintained that no new
\nhousing schemes would be introduced after extending the Pradhan Mantri Awas
\nYojana-Urban (PMAY-U) until December 2024.<\/p>\n
Since the launch of the PMAY-U programme eight years ago, only two-thirds
\nof the approved houses have been completed or handed over, amounting to
\napproximately 76.25 lakh houses out of a total of 1.19 crore sanctioned units,
\nThe Central government provided assistance totalling INR 1.49 lakh crore.
\nUnder the proposed scheme, there is a growing consensus to reduce the
\nfinancial burden on beneficiaries to a minimum of 40 percent.<\/p>\n
To ensure the success of urban housing initiatives, various factors such as high
\nland costs, floor space index constraints, and complex certification processes
\nmust be addressed. This calls for comprehensive consultations led by the central
\ngovernment, involving state governments, local authorities, urban planning
\nbodies, urban sector professionals, financial institutions, and activists.<\/p>\n","protected":false},"excerpt":{"rendered":"
Prime Minister Narendra Modi has unveiled a novel scheme aimed at addressing the critical issue of housing shortages for the urban poor. This announcement reflects<\/p>\n","protected":false},"author":1,"featured_media":4629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12223,41419,253,18718,53241],"tags":[],"class_list":["post-4628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-buildings","category-green-startups","category-housing-infrastructure","category-new-urbanism","category-urban-digitalisation"],"_links":{"self":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/posts\/4628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4628"}],"version-history":[{"count":0,"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/posts\/4628\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}