The housing & urban affairs ministry, which released the PMAY-U 2.0 guidelines this month, has imposed strict deadlines for states/UTs to implement about 15 urban reforms by June 2025.
Real estate experts welcome Centre's push for rental housing, but say it is not financially viable for private companies to construct and operate; needs greater government involvement.
Under PMAY 2.0, which subsumed slum redevelopment in other verticals, Centre targets construction of 3 crore new houses — 2 crore in rural areas & 1 crore in cities — over next 5 yrs.
Two crore of these could come up in rural areas. Plan to provide relief on interest charged on home loans to eligible beneficiaries in urban areas in the works.
Modi govt had launched Affordable Rental Housing Complexes (ARHC) scheme in July 2020 during the pandemic, when there was a massive exodus of migrant workers from cities.
According to the Interim Budget, extra 2 crore houses under Pradhan Mantri Awas Yojna-Gramin will be made in 5 yrs. Plan to launch a special housing scheme was announced by Modi last yr
Housing & urban affairs ministry is working on details of scheme, which is likely to be on the lines of Credit Linked Subsidy Scheme vertical of Pradhan Mantri Awas Yojana-Urban (PMAY-U).
According to state housing department data, Maharashtra has so far completed just 27% of Pradhan Mantri Awas Yojana (Urban) target, with only 16 months left for the scheme to end.
Speaking from ramparts of Red Fort on Independence Day, Modi also listed the outcome of his govt's schemes including Mudra Yojana, PM SVANidhi, Ayushman Bharat & PM Awas Yojana.
About 1,100 of 1,862 beneficiaries have already moved in from jhuggis at Bhoomiheen Camp. Teething problems such as hard drinking water are being looked after by 12 DDA officials.
Munir indicates that he’s willing to go for broke, even if it risks taking his country “and half the world” down with him. It’s important to understand where he is coming from.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Gen Dwivedi framed Op Sindoor not just as retaliation to Pahalgam, but as demonstration of India’s capability to fight multi-domain conflicts with integration between services & agencies.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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