About Affordable Housing
To achieve the long-term goal of Housing for All by 2022, the Government of India in June 2015 launched Pradhan Mantri Awas Yojana (PMAY) to construct around 1.12 crore affordable houses in the urban areas and about 1.95 crore affordable houses in the rural areas. During 2016 to 2020 (till December 2019), a cumulative investment of Rs 150,802 crore has been made under Pradhan Mantri Awas Yojana (Urban). As of December 12, 2019, around 93.19 lakh houses are sanctioned under PMAY (urban) out of which 28.60 lakh houses have been completed. Under NIP, a total of 98 projects worth INR 540,711 crore will be implemented under the affordable housing category.