Basic facts about the 1882 Transfer
of Property Act
The Pradhan Mantri Awas Yojana, or PMAY, is a Union Government effort under which low-cost housing is to be provided to all qualified recipients inside the United States through the use of subsidies and monetary support, as part of the ‘Housing for All’ Mission.
The singular goal was modified to construct 2 crore homes with basic amenities.
The scheme is made up of different parts.The Ministry of Housing and Urban Affairs is assisting in the implementation of PMAY Urban (PMAY-U) in city regions. It aims to address the housing needs of the city poor, including slum dwellers, through applications for slum rehabilitation with the participation of private builders and the use of land as a resource, promotion of low-cost housing for weaker sections through credit-linked subsidy, low-cost housing in partnership with the public and private sectors, and subsidy for a beneficiary-led man or woman residence production or enhancement.
In rural areas, PMAY Gramin (PMAY-G) is being implemented with the help of the Ministry of Rural Development. It is a revamped version of the former Indira Awas Yojana (IAY), which began as a stand-alone program in the mid-1990s. The initiative aims to provide a pucca residence with basic amenities to all houseless house owners residing in kutcha and decaying dwellings by the year 2022 when India celebrates its 75th anniversary of independence.
According to a parliament response in the Lok Sabha dated July 2021, the development of a total of 45.7 lakh dwellings was completed under PMAY-U over the five years from 2016-17 to 2020-21, with over 1.12 crore homes sanctioned for construction. Approximately 40% of the sanctioned dwellings were completed below the PMAY-U standard.On the other hand, during the same period, a total of 1.38 crore homes were built under PMAY-G, with over 1.89 crore dwellings being sanctioned. By the end of 2020-21, more than 69 percent of the sanctioned dwellings had been completed under PMAY-G.
Under PMAY HFA urban, a collection of guidance files with current mission plans/unit plans may be advanced, which may be used by builders and may assist in fast-monitoring the approved method for projects, thereby saving effort, time, and money and avoiding implementation concerns. Under the PMAY HFA (urban), the authorities have introduced risk-primarily based types of homes to quick-song constructing plan approval, inspection, and supply of occupancy-cum-crowning glory certificates in a few towns and will have a take a look at enforcing the method throughout the country.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
