The government of India has declared that under the housing scheme titled PMAY (Pradhan Mantri Awas Yojana) will be bindingly in the name of a female member of the family.
Corroborating this, the Union Housing and Urban Development Minister, Hardeep Singh Puri stated in Lucknow on January 4, that homes that are allotted under PMAY will be mandatorily have to be in the name of a female family member only. Puri added that the Central Government had already given its sanction for building 37.5 lakh accommodation units under PMAY. 5.5 lakh units have already been cleared in December 2017, he said.
Close on the Center’s footsteps, the UP state government too is planning to build near about 12 lakh residential units under PMAY. According to the scheme, the Centre and the state government will be providing a subsidy of Rs 3 lakh to buyers. In a communique by the Union Minister it is said that land for the project would have to be furnished by the state government whereas, builders would construct the units.
As things stand now, the UP government is also considering the idea of incentivizing builders by abdicating development and property utilization costs incurred in the construction of PMAY houses.
“The project gains importance given the enormous housing need of people,” Puri added that, the requirement had experienced a substantial surge as a consequence of the extensive relocation of people. Puri remarked that the PMAY is poised to come across as a potential resolution to indiscriminate illegal settlements that have been on the rise in the cities.