“In 2022-23, 80 lakh houses will be completed for the eligible beneficiaries of PM Awas Yojana, both rural and urban,” said FM Sitharaman
Union Budget 2022-23 An allocation of ₹48,000 crore has been proposed for the government initiative of Housing for All.
“In 2022-23, 80 lakh houses will be constructed for the identified eligible beneficiaries of PM Awas Yojana, both rural and urban. ₹48,000 crore has been allocated for this purpose,” Finance Minister Nirmala Sitharaman said in her budget speech.
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He said that the central government would work with the state governments to reduce the time required for all land and construction related approvals to promote affordable housing for the middle class and economically weaker sections in urban areas.
“We will also work with financial sector regulators to increase access to capital while also reducing the cost of arbitrage,” she said. Commenting on the announcements related to real estate and housing, Anurag Mathur, CEO, Sevilles India said, “Direct real estate measures to provide infrastructure status to data centers and allocate ₹48000 crore for 80 lakh houses under PMAY The focus was on doing.”
“However, there are long-term benefits, including that the focus on creating a broad-based platform for manufacturing, research and development should lead to new avenues of investment and growth. In addition, significant attention was given to urban capacity building, digitization of land records and the newly proposed SEZ law, which would enable states to partner in existing and new enclaves to increase exports,” he said.
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