The Pradhan Mantri Awas Yojana (Urban) [PMAY- (U)], has achieved the milestone of sanctioning One Crore houses on 27th December, 2019. This goes to showcase the serious intent of the Government of India to achieve the target of 1.12 crore houses in urban areas across the country by 2022.
Commenting on this, Dr. Niranjan Hiranandani National President NAREDCO said, ''Our heartiest congratulations on the successful take-off of the scheme as also on achieving this milestone. At NAREDCO, we share the positive sentiment and look forward to implementation being equally fast.'' He added that this should also go a long way in fulfilling the target of 'Housing for All by 2022', which is the Prime minister's target. ''NAREDCO is aligned with the Prime Minister's target,'' he said.
Lack of affordable housing options and adequate infrastructure has been one of the long-standing problems faced by Urban India. PMAY-U is an initiative to significantly improve the quality of life for individuals who do not have adequate means. PMAY-U reinforces the concept of living with dignity, is an integral part of the 'right to life'.
Estimates suggest that India's population will reach 814 million by 2050. Meeting the challenge of providing affordable housing options to those who have limited resources is where PMAY-U is the answer: meeting the challenge through innovative solutions.
Launched with the aim to provide all weather pucca house to all eligible beneficiaries in Urban India, PMAY-U has been a key part of policy initiatives that have enriched the process of transformation by providing homes to the eligible beneficiaries. NAREDCO has been 'in sync' with the positive aspects of PMAY-U, and has been working towards achieving these targets.