Proposals for 3000 homes under PMAY gets nod at Thane

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In a big push for affordable housing in the state, proposals for 3,000 homes under Prime Minister Narendra Modi’s pet project Pradhan Mantri Awas Yojana (PMAY) in Thane have been granted approval from the state government’s appraisal committee. Four projects costing around Rs 325 crore were presented a few days ago to the committee.

The government is aggressively pursuing projects under PMAY and these new projects will add significantlty to the affordable housing stock in a flourishing city.

The four projects will come up on government land located in Betwade, Mhatardi and Padle, of which two projects are in Betwade and the remaining two are in Mhatardi and Padle areas respectively. These villages are located near Diva in Thane.

Of the entire project, 40 per cent is reserved for Project-Affected People, 40 per cent will be the affordable segment and the remaining 20 per cent will be reserved for the middle income group. According to sources, the municipal corporation will appoint developers for these projects.

For homes built under the PMAY, the central government will contribute Rs 1.5 lakh whereas the state government’s contribution will be Rs 1 lakh for every PMAY house.

Of the entire project, 40 per cent is reserved for Project-Affected People, 40 per cent will be the affordable segment and the remaining 20 per cent will be reserved for the middle income group. According to sources, the municipal corporation will appoint developers for these projects.

For homes built under the PMAY, the central government will contribute Rs 1.5 lakh whereas the state government’s contribution will be Rs 1 lakh for every PMAY house.