60,000 Homes Cleared Under Affordable Rental Housing Scheme

As many as 4,000 affordable rental housing units have become operational in Surat, Ahmedabad and Chandigarh, nearly 7000 are under different stages of construction and the government has recently sanctioned around 60,000 houses to be constructed by public /private age

BY Realty Plus
Published - Monday, 23 Aug, 2021

60,000 Homes Cleared Under Affordable Rental Housing Scheme

As many as 4,000 affordable rental housing units have become operational in Surat, Ahmedabad and Chandigarh, nearly 7000 are under different stages of construction and the government has recently sanctioned around 60,000 houses to be constructed by public /private agencies/organisations under the Affordable Rental Housing Complexes (ARHCs) scheme, Union Housing and Urban Affairs Secretary Durga Shanker Mishra said on August 19. Assam has become the first Indian state to adopt the Model Tenancy Act, he said, adding rental housing is estimated to be a Rs 3 lakh crore worth market. “Earlier, the focus of the past housing schemes was on ownership. Now we have brought in new era of rental housing for the first time after independence. The scheme addresses the Prime Minister’s vision of an ‘AatmaNirbhar Bharat’ by creating a sustainable ecosystem of affordable rental housing solutions for urban migrants/poor in cities. ARHCs provide urban migrants/poor a dignified and affordable rental living with necessary civic amenities near their place of work,” Mishra said. On the Pradhan Mantri Awas Yojana (PMAY), he said over one lakh affordable houses have so far been constructed in the northeast under the scheme. "Tripura is leading the chart in the region with the completion of 50 percent of the sanctioned number of houses while Assam has completed 23 percent of its share of the total 3.7 lakh houses sanctioned for all the northeastern states. Over 1.13 crore houses have been sanctioned under the Pradhan Mantri Awas Yojana in urban areas across the country and 85 lakh houses have been grounded for construction. Beneficiaries have already moved in over 50 lakh housing units and we are all set to achieve the targets set under the scheme," he said. Mishra said, "This is the first time that over 3.5 lakh people living in unauthorised colonies of Delhi have registered on a portal developed by the Delhi Development Authority (DDA) to get land rights under the Pradhan Mantri Unauthorised Colonies in Delhi Awas Adhikar Yojana (PM-UDAY).