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The Ministry of Housing and Urban Affairs, led by Secretary Srinivas Katikithala, approved an additional 2.88 lakh houses under PMAY-Urban 2.0 during the sixth meeting of the Central Sanctioning and Monitoring Committee. With this, the total number of houses sanctioned under the scheme stands at 13.61 lakh.
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The Ministry of Housing and Urban Affairs has implemented a series of measures to enhance affordable housing in urban areas, following a comprehensive framework developed by NITI Aayog. The 'Housing for All' initiative aims to support 1 crore additional beneficiaries through revamped schemes like PMAY-U 2.0, offering
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The SWAMIH Investment Fund, launched in November 2019, has concluded its investment period successfully by committing its entire corpus to stalled housing projects. Managed by SBI Ventures Limited, the fund delivered over 61,000 homes and unlocked significant economic activities. It has also promised the establishment of a second fund
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Union Home Minister Amit Shah spoke at CREDAI's national conference in New Delhi, emphasizing the Modi government's infrastructure initiatives and calling for eco-friendly and affordable housing solutions. Highlighting the benefits of the National Infrastructure Pipeline, RERA, and reduced GST rates, Shah stressed the importance of responsible
Railways
The Indian Ministry of Railways has announced a new policy to reduce bulk cement freight charges, aiming to make housing more affordable for poor and middle-class families. The new rate is set at ₹0.90 per tonne per kilometre, with the removal of distance and weight slabs. The policy promotes
National Urban Conclave
The National Urban Conclave 2025, held in New Delhi, concluded with actionable insights aimed at building inclusive and resilient cities in India. Key announcements included a ₹1,000 crore fund for solid waste management in hill and Himalayan cities, the launch of the IIRS Sankalan App for urban surveys, and
PMAY-U 2.0
The Ministry of Housing and Urban Affairs (MoHUA) has sanctioned an additional 1.41 lakh houses under the Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0), bringing the total to over 10 lakh houses sanctioned. The initiative prioritizes housing for women and vulnerable sections, with significant allocations for
GST reforms
The 56th GST Council meeting in New Delhi, chaired by Finance Minister Nirmala Sitharaman, announced significant reductions in GST rates for various mining-related items. Key changes include lowering GST from 12% to 5% for marble, granite, sand lime bricks, and essential household items like aluminum milk cans and cooking utensils.
affordable housing
The Ministry of Housing and Urban Affairs (MoHUA) has revamped the Pradhan Mantri Awas Yojana - Urban (PMAY-U) and launched PMAY-U 2.0, aiming to provide affordable housing to 1 crore additional beneficiaries over the next five years. The initiative includes four verticals: Beneficiary Led Construction, Affordable Housing in Partnership,
Pradhan Mantri Awas Yojana
The Ministry of Housing and Urban Affairs (MoHUA) has been implementing the Pradhan Mantri Awas Yojana - Urban (PMAY-U) since June 25, 2015, to provide pucca houses with basic amenities to eligible urban beneficiaries. The scheme includes four verticals: Beneficiary Led Construction, Affordable Housing in Partnership, In-Situ Slum Redevelopment, and
PMAY-U 2.0
During the third meeting of the Central Sanctioning and Monitoring Committee (CSMC) on June 18, 2025, 2.35 lakh houses were approved for construction under the Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0). This brings the total sanctioned houses under PMAY-U 2.0 to 7.10 lakh.