Latest news with #PradhanMantriAwasYojanaUrban2.0
Time of India
09-08-2025
- Business
- Time of India
Indore Development Authority to build high-rises for families displaced by MR-10 road project
Advt Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. In a bid to pave the way for the development of the MR-10 road, Indore Development Authority (IDA) will construct high-rise apartments to shift the affected families."IDA board on Friday decided to construct housing units under the Pradhan Mantri Awas Yojana Urban 2.0 on a 1.613-hectare plot (FP-422) within the IDA's Town Planning Scheme (TPS)-08," IDA CEO RP Ahirwar said, adding that this construction will pave the way for the development of the MR-10 road by shifting the affected families into the IDA board meeting, held under the chairmanship of divisional commissioner and chairman Deepak Singh, saw several significant decisions to advance various development projects in the city. "A tender of ₹48.81 crore was approved by the board for the construction of a new Rail Over Bridge between Laxmibai Nagar and Mangalia railway stations on the MR-10 road," the CEO added that tenders were approved for the shifting of High Tension (HT) and Low Tension (LT) lines. This includes a ₹3.93 crore tender for the remaining work on a 60-metre-wide road and a ₹1.90 crore tender for shifting lines that are obstructing the construction of master plan roads in TPS-4 (Nipania and Kanadiya)."The board also approved a tender for the construction of a 12-meter-wide link road from Ring Road to MR-11, including street lighting and HT/LT line relocation," Ahirwar said.
Time of India
08-08-2025
- Business
- Time of India
New housing, infra projects to facilitate MR-10 development
Indore: In a bid to pave the way for the development of the MR-10 road, Indore Development Authority (IDA) will construct high-rise apartments to shift the affected families. "IDA board on Friday decided to construct housing units under the Pradhan Mantri Awas Yojana Urban 2.0 on a 1.613-hectare plot (FP-422) within the IDA's Town Planning Scheme (TPS)-08," IDA CEO RP Ahirwar said, adding that this construction will pave the way for the development of the MR-10 road by shifting the affected families into the flats. The IDA board meeting, held under the chairmanship of divisional commissioner and chairman Deepak Singh, saw several significant decisions to advance various development projects in the city."A tender of Rs 48.81 crore was approved by the board for the construction of a new Rail Over Bridge between Laxmibai Nagar and Mangalia railway stations on the MR-10 road," the CEO said. He added that tenders were approved for the shifting of High Tension (HT) and Low Tension (LT) lines. This includes a Rs 3.93 crore tender for the remaining work on a 60-metre-wide road and a Rs 1.90 crore tender for shifting lines that are obstructing the construction of master plan roads in TPS-4 (Nipania and Kanadiya). "The board also approved a tender for the construction of a 12-meter-wide link road from Ring Road to MR-11, including street lighting and HT/LT line relocation," Ahirwar said. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !
Business Standard
18-06-2025
- Business
- Business Standard
2.35 Lakh houses approved under PMAY-Urban 2.0 during 3rd meeting of CSMC
Total number of sanctioned houses under PMAY-U 2.0 stands at 7.10 Lakh The Central Sanctioning and Monitoring Committee (CSMC) in its third meeting held on 18 June 2025 has approved construction of 2.35 lakh houses under Pradhan Mantri Awas Yojana Urban 2.0 (PMAY-U 2.0). the meeting was held under the chairmanship of Srinivas Katikithala, Secretary, Ministry of Housing and Urban Affairs (MoHUA). The total houses approved are 2,34,864 in nine States namely, Assam, Bihar, Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Odisha, Rajasthan and Uttar Pradesh. PMAY-U 2.0 is being implemented through four verticals Beneficiary Led Construction (BLC), Affordable Housing in Partnership (AHP), Affordable Rental Housing (ARH) and Interest Subsidy Scheme (ISS). The houses approved in the CSMC meeting are under BLC and AHP verticals of the Scheme. So far, the total number of houses sanctioned under PMAY-U 2.0 is 7,09,979. During the meeting, Secretary, MoHUA directed the larger States to prepare affordable housing policy and bring the proposals under AHP vertical of PMAY-U 2.0. States/UTs may study the affordable housing policy of the State of Maharashtra and adapt it according to their local requirements. States/UTs were also advised to identify and attach beneficiaries under the AHP vertical at initial phase of approval to avoid unoccupancy issues at a later stage. Among the houses approved today under PMAY-U 2.0, more than 1.25 lakh houses have been sanctioned for the women alone, including single women and widows, ensuring empowerment of women. The scheme also promotes inclusiveness and social equity among different underprivileged groups with 42,400 houses allotted in name of for SC beneficiaries, 17,574 houses for ST beneficiaries and 1,13,414 for the OBC. Under PMAY-U 2.0, 1 crore families will be provided financial assistance to construct or purchase a pucca house in urban areas. The Scheme focusses on upliftment of poor and middle-class families by giving them secured houses to focus on the betterment of their lives. Individuals/families, who do not own a pucca house anywhere in the country, are eligible to purchase or construct a house under PMAY-U 2.0. Central Assistance of up to Rs 2.50 lakh per housing unit is provided. Pradhan Mantri Awas Yojana Urban (PMAY-U), launched in June 2015, was revamped and launched as PMAY-U 2.0. Under PMAY-U, more than 93.19 Lakh houses have already been constructed and delivered to beneficiaries. With launch of PMAY-U 2.0, additional 1 crore EWS/LIG/MIG families of urban India will be provided pucca houses.
