SURFACES REPORTER is India's 1st and only Architecture and Interior Design magazine dedicated to products and materials.

Investment worth more than 5 lakh crore riding on PMAY: Amrit Abhijat

Investment worth more than 5 lakh crore riding on PMAY: Amrit Abhijat

Speaking at the session on ‘Emerging Construction Technologies’ at 15th National Convention of NAREDCO, on August 20, Amrit Abhijat, IAS, Joint Secretary (PMAY), Union Ministry of Housing and Urban Affairs underlined the significance of cost-effective, energy-efficient and sustainable new technologies in making Pradhan Mantri Awas Yojana (PMAY) a resounding success. He informed that the Union government is looking at investments close to five to seven lakh crore rupees under PMAY. As of now, 50 lakh houses are being constructed out of 26 lakh crore have already been delivered.  “Affordable housing has clearly emerged as the answer to the problem of the economy”, he added.

Abhijat further spoke about the six Lighthouse Projects coming up in Rajkot, Indore, Lucknow, Pune, Chennai, and Ranchi for which the builder community must participate in bids by visiting the website by 30th August 2019. He added that funding has been ensured for these projects which will be RERA-compliant and financially viable projects.

He elaborated that new technologies used in PMAY projects are transforming the lives and providing dignified, secure and happy existence to people. This is the paradigm shift we have brought about in the way housing is considered in India, he said.

Earlier, welcoming the Joint Secretary, MoHUA, Praveen Jain, Vice-Chairman, NAREDCO appreciated the government’s efforts in pushing affordable housing in the country by ensuring the use of emerging technologies, providing subsidy and bank finance to developers and buyers of low-cost houses. 

About Surfaces Reporter

Surfaces Reporter is India’s 1st magazine specialized on “products & materials” for architecture & Interiors! The prime objective of Surfaces Reporter magazine is to contribute positively to the Indian material industry, with unbiased information & awareness initiatives.

Surfaces Reporter magazine has a clear & niche target group comprising of Architects, Engineers, Builders, Interior Designers, Manufacturers, Celebrities, Showrooms, Consultancy firms, and Leading Business houses, Hotels & Restaurants, and PMCs etc. If you have a Product or Project worth publishing in Surfaces Reporter, please email us or you can also submit your project online.

Like Surfaces Reporter on Facebook | Follow us on Twitter and Instagram | Subscribe to our magazine | Sign Up for the FREE Surfaces Reporter Magazine Newsletter

Post Your Comment

top stories

Decorative Luminous Wall Fittings in Paris Plaster

Decorative Luminous Wall Fittings in Plaster of Paris

The traditional ceiling decorations are reinterpreted as suggestive wall-lamps, produced in a number of styles and sizes...

Luxury Silverware Brand, Ravissant Launches its New Imperial Collection for 2019

Luxury Silverware Brand, Ravissant Launches Its New Imperial Collection for 2019

Ravissant – a coveted and old brand known for their luxury silverware amongst their other lavish offerings, has recently...

B.V. Doshi turns 92 today

Legendary Architect B.V. Doshi turns 92 today!

The first Indian architect to receive the Pritzker Architecture Prize, the legendary Balkrishna Doshi, turns today 92! W...

More Stories