According to an Anarock report, only 39 per cent out of 79 lakh homes sanctioned under the Pradhan Mantri Awas Yojana (PMAY) have been built so far.
“Progress under the PMAY has been slow. As of now, we’re not looking at realistic completion of the targeted number of homes. As per the Ministry of Housing and Urban Affairs, out of the 79 lakh homes sanctioned under the PMAY so far, only around 39 per cent have either been completed or occupied. The gap is too big to ignore,” the report said.
The report also mentioned that even housing sales witnessed a decline of 28 per cent from 3.43 lakh units in 2014 to 2.48 units last year.
Credit: National Herald