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Air India Disinvestment housing scheme: 60% completion in 11 of 35 states

It would take the government another five years to construct all houses sanctioned under Pradhan Mantri Awas Yojana (urban).

affordable Housing, budget homes, real estate, residential property

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1 min read Last Updated : Aug 01 2023 | 5:40 PM IST

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Finance Minister Nirmala Sitharaman’s budget this year allocated Rs 48,000 crore for Pradhan Mantri Awas Yojana (PMAY), the government’s housing scheme.

The outlay was to flow to both urban and rural India. Days after the Budget announcement, the government extended the deadline for constructing houses in villages to two more years, as it was woefully short of the target.

A Business Standard analysis shows that the government may have to do the same for the urban scheme, as only 48.7 per cent of houses had been completed until May 17. The government had set a target to finish the construction

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