Maharashtra to Build 12,000 Homes for Dabbawalas and Charmakars under PMAY
Maharashtra Deputy CM Devendra Fadnavis announces housing project for dabbawalas and charmakars under PM Awas Yojana
PmayMaharashtraAffordable HousingDabbawalasCharmakarsReal EstateSep 14, 2024
The project will be undertaken by the Maharashtra Housing and Area Development Authority (MHADA) under the PMAY scheme. A 30-acre plot will be provided by Priyanka Homes Realty, and Naman Builders will execute the project on a no-profit-no-loss basis.
The 500 sq ft homes will be available at Rs 25 lakh, according to a release from Fadnavis's office. The deputy chief minister has signed a memorandum of understanding with developers for the housing project.
Fadnavis stated that the dream of dabbawalas (tiffin-box carriers) to own houses will be fulfilled through this project. The initiative aims to provide affordable housing to the marginalized communities in the state.
The Pradhan Mantri Awas Yojana (PMAY) is a flagship scheme of the central government that aims to provide affordable housing to all by 2022. The scheme provides financial assistance to beneficiaries to construct or purchase houses.
MHADA is a state government agency responsible for providing affordable housing to the people of Maharashtra. The agency has been implementing various housing schemes to cater to the needs of different sections of society.
The current project is a significant step towards achieving the goal of providing affordable housing to all in the state. The initiative is expected to benefit thousands of dabbawalas and charmakars who have been struggling to own a house.
The project is also expected to generate employment opportunities in the construction sector and boost the local economy.
Information
Maharashtra Housing and Area Development Authority (MHADA) is a state government agency responsible for providing affordable housing to the people of Maharashtra. The agency was established in 1976 and has been implementing various housing schemes to cater to the needs of different sections of society.
Priyanka Homes Realty is a real estate development company that has been involved in various housing projects in Maharashtra.
Naman Builders is a construction company that has been executing various infrastructure projects in the state.
The Pradhan Mantri Awas Yojana (PMAY) is a flagship scheme of the central government that aims to provide affordable housing to all by 2022.
Frequently Asked Questions
What is the Pradhan Mantri Awas Yojana (PMAY) scheme?
The PMAY scheme is a flagship scheme of the central government that aims to provide affordable housing to all by 2022.
Who will benefit from the current housing project in Maharashtra?
The current project will benefit dabbawalas and charmakars who have been struggling to own a house.
How many houses will be built under the project?
12,000 houses will be built under the project in three years.
What is the cost of the houses under the project?
The 500 sq ft homes will be available at Rs 25 lakh.
Who is executing the project?
Naman Builders will execute the project on a no-profit-no-loss basis.
Related News Articles
Reducing Levies and Fast Tracking Approvals: The Key to Boosting Mid-Income Housing
With luxury and premium housing on the rise, mid-income housing is struggling due to high interest rates and lower supply in top cities. Developers say reducing levies and fast-tracking approvals can help revitalize the sector.
Mumbai Residential Market Sees 20.4% Price Surge in 2 Years Amidst Sustained Demand and Limited Supply
Mumbai's residential prices have increased by 20.4% in the last two years, driven by sustained demand and limited supply. Under-construction properties are gaining momentum, with supply increasing by 17% QoQ.
Shilpa Shetty and Raj Kundra's Legal Battle: Eviction Saga in the Spotlight
The Bombay High Court has paused enforcement of eviction notices against Shilpa Shetty and Raj Kundra, pending review of their property attachment order. The couple contests the eviction, calling it arbitrary and illegal, amid an ED inquiry into a Bitcoin
Pune: The Emerging Hub for Real Estate Investors
Pune, one of India's fastest-growing cities, has become a hotspot for real estate investors. With its robust infrastructure, vibrant economy, and burgeoning tech industry, Pune offers lucrative opportunities for those looking to invest in property.
Budget 2025: NAREDCO Advocates for Increase in Housing Loan Interest Tax Deduction
Budget 2025: NAREDCO Chairman Niranjan Hiranandani urges for an increase in the tax deduction limit for housing loan interest payments, aiming to boost the affordable housing sector.
Macrotech Developers Acquires 20-Acre Land in Bengaluru, Eyes Rs 2800 Cr Sales
Real estate giant Macrotech Developers, known for its premium properties in Mumbai, has made a significant move by acquiring a 20-acre plot in Bengaluru. The company aims to capitalize on the robust real estate market in the IT hub and targets sales of Rs