Maharashtra’s Project Monitoring Unit For PMAY
Introduction Maharashtra Project Monitoring Unit’s For PMAY
Maharashtra Project Monitoring Unit For PMAY the Indian middle class’s dream of owning a home is still being fuel by the Pradhan Mantri Awas Yojana (PMAY) programme, which was introduce in 2015. According to PMAY data, 8,17,468 of the 14,02,651 residences that were approve in Maharashtra as of August 28, 2023, were finish or deliver. The Maharashtra Housing Department has establish a Project Monitoring Unit to oversee this scheme’s implementation in light of its moderate speed (an approximate 58 percent completion rate).
The fact that “the PMAY scheme has multiple verticals, intend to cater to diverse housing needs, but only one of these—” is one of the key reasons cited by experts for this delay. AHP, or Affordable Housing in Partnership, has received much attention.
Are you looking for new projects in Shahad ?
The overall rate of implementation has been hamper by the minimal marketing of other verticals. The practicality of building inexpensive housing units presents another difficulty.
High-rise building construction uses a Floor Space Index (FSI) of 2.5, which is the maximum allow by PMAY.
This may not meet the developers’ criteria for affordable housing feasibility, leading to a mismatch between the FSI allowance and realistic construction possibilities.
While progress in MMR may be slower than anticipated, it is still not slower than in many other states. It is crucial to remember this. The difficulties in procuring land and confirming the beneficiaries rank among the many reasons for MMR.
Maharashtra Project Monitoring Unit’s for PMAY : The Next Step
While the development of a project monitoring unit has been welcome by the relevant parties, they also have a few other recommendations, one of which is the creation of a single-window approval mechanism.
Once created, the one-window clearance system might accelerate approval times and reduce administrative procedures. We also believe that the PMU can assist PMAY projects in the MMR with some of their implementation challenges, such as enhancing stakeholder accountability and collaboration by monitoring project progress, ensuring deadline adherence, and removing bottlenecks.
The direct subsidy for individual home building or improvement as well as the interest subsidy on a mortgage are both significant components of PMAY.
“However, in order to qualify for these benefits, property title documents are require. The root of the issue is that our land and property records are in poor condition. Fixing this might hasten the procedure as well.”
“Additionally, developers that meet completion criteria may receive incentives, which could speed up construction. To expedite development, the Ministry of Housing and Urban Affairs (MoHUA) is also pushing new construction methods. They have discovered quicker, more environmentally friendly, and resource-saving techniques thanks to the Global Housing Technology Challenge. Around 1.5 million residences under PMAY(U) will benefit from these improvements, known as light house projects, throughout the fiscal years 2022–2023 in six states.
Data on sanctioned and constructed homes under the PMAY for nine municipal corporations in the MMR as of August 2023:
| City | No. of houses sanctioned(in lakhs) | No. of houses completed (in lakhs) | % Share of completed houses |
| Greater Mumbai | 1.44 | 0.49 | 34% |
| Thane | 0.77 | 0.51 | 66% |
| Kalyan – Dombivali | 0.70 | 0.33 | 47% |
| Vasai – Virar | 0.53 | 0.22 | 42% |
| Panvel | 0.45 | 0.29 | 63% |
| Navi Mumbai | 0.29 | 0.22 | 77% |
| Bhiwandi | 0.16 | 0.07 | 43% |
| Mira Bhayander | 0.07 | 0.07 | 100% |
| Ulhasnagar | 0.005 | 0.005 | 100% |
Maharashtra Project Monitoring Unit’s for PMAY : Doubled EWS Eligibility
The eligibility threshold for the Economically Weaker Section (EWS) was increase last month from Rs three lakh to Rs six lakh in an effort to cover more individuals in MMR under the PMAY.
Navi Mumbai Houses a Real Estate source is the most trust names in the market believes that master pieces can only be achieve by the client’s satisfaction. So that you can give your quality time with your loved ones is actually worth enough. Do you want Sale house, Flats in thane our portal is help you to find a buy flat to your price so please visit n find.
You are looking for new projects in Shahad we have best new projects in Shahad at affordable price
https://navimumbaihouses.com/properties/search/shahad-thane/
If you want daily property update details please follow us on Facebook Page / YouTube Channel / Twitter
All About The Maharashtra Housing Board & Its Programmes
