Naidu launches 352 housing projects in 53 cities to build more than 200,000 houses

Aiming to build more than 200,000 houses with an investment of over Rs. 38,000 crore, Union Minister for Housing & Urban Poverty Alleviation M. Venkaiah Naidu launched 352 housing projects in 53 cities in 17 States across the country here yesterday.
These housing projects to be taken up by the members of Confederation of Real Estate Developers’ Associations of India (CREDAI) across the country is the first major private investments initiative in affordable housing. These projects were launched in the Gujarat capital.
As per the details furnished by CREDAI, the cost of construction will be in the range of Rs. 15 lakh to Rs. 30 lakh with average cost of construction coming to Rs. 18 lakh per house.
The event was held in the backdrop of several initiatives by the Union Government to promote affordable housing for Economically Weaker Sections, Low and Middle Income Groups including sanction of ‘infrastructure status’ for the housing sector.
Chief Minister Vijay Rupani, Deputy Chief Minister Nitin Patel, Gujarat Minister of Urban Development Shankar Chaudhary, outgoing President of CREDAI Gitambar Anand and more than 3000 delegates from across the country were present at the function.
Mr. Naidu complimented CREDAI and its members for coming forward to invest in affordable housing projects and assured them that his Ministry and Central nodal agencies like the National Housing Bank and HUDCO will extend full cooperation in reaching the benefits prescribed under PMAY (Urban) to the beneficiaries.


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