As far as granting approval to construction of housing units by the government is concerned, it already has sanctioned more than 51 lakh dwelling units under the Pradhan Mantri Awas Yojana (Urban) against the validated demand of 1 crore in last 3 years of implementation.
This is a significant jump in comparison to erstwhile housing scheme wherein only 12.4 Lakh houses were approved in around 9 years of its implementation, the Ministry of Housing said in a release.
Out of the total number of sanctioned housing units, more than 28 lakh have already been grounded and are in various stages of construction. Further, over 8 lakh houses have already been completed and nearly 8 lakh houses have been occupied by the beneficiaries.
The government has now proposed a global housing construction technology challenge to support building cost-effective affordable homes.
"The Global Housing Construction Technology Challenge (GHTC-I ) may help us adopt those technologies to suit our local conditions and requirements. It is win-win situation for all stakeholders which would help in fast transition of new global construction technologies in India giving a fillip to building affordable houses in India in a cost effective and sustainable manner," the release said.
It added further that the government is diligently working to make its “Housing for All by 2022” mission a success. A National Urban Housing Fund for Rs. 60,000 cr has been set up for raising Extra Budgetary Resources (EBR) in phases, for the rapid implementation of PMAY (U).