Friday, October 10, 2014

New urban housing mission to be named after Sardar Patel



30m houses to be built by 2022
New Delhi:
Sardar Patel Urban Housing Mission’ will soon be launched to ensure housing for all by 2022. According to Union Housing and Urban Poverty Alleviation Minister Venkaiah Naidu.
Naidu said this Mission is in pursuit of Prime Minister’s call of ‘Har Parivar ko Ghar’ and 30 million houses would be built by 2022.
This will cater mostly to the economically weaker sections and low income groups, through public-private-partnership, interest subsidy and increased flow of resources to housing sector.
The minister said that an investment of about Rs 50 lakh crore would be required over the next few years for various initiatives like Housing for All (Rs.22.50 lakh cr), urban infrastructure development (Rs.16.50 lakh cr), urban sanitation (Rs 62,000 cr) and building smart cities.

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