Cabinet Approves Rental Housing Complexes For Urban Migrants, Poor
New Delhi:
The Union Cupboard on Wednesday licensed construction of Reasonably priced Condominium Housing Complexes for city migrants and deficient as a sub-scheme underneath the Pradhan Mantri Awas Yojana-City, the federal government stated.
As a part of the scheme, current vacant government-funded housing complexes shall be transformed into Reasonably priced Condominium Housing Advanced (ARHC).
An expenditure of Rs 600 crore is estimated within the type of “era innovation grant”, an respectable spokesperson stated on Twitter after the Cupboard assembly.
He stated 3 lakh beneficiaries shall be coated to begin with. The complexes will revert to city native our bodies (ULBs) after 25 years to restart the following cycle.
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