Cabinet OKs development of affordable rental housing complexes for urban migrants

08-07-2020

New Delhi, (UNI)

The Union Cabinet on Wednesday approved development of affordable rental housing complexes for urban migrants and poor as a sub-scheme under Pradhan MantriAwasYojana. 


Briefing mediapersons here about the Cabinet decision, Information and Broadcasting Minister Prakash Javadekar said the Union Cabinet, chaired by Prime Minister Narendra Modi, has given its approval for developing Affordable Rental Housing Complexes (AHRCs) for urban migrants and poor as a sub-scheme under Pradhan MantriAwasYojana – Urban (PMAY – U). 


He said under the scheme, existing vacant government funded housing complexes will be converted in ARHCs through Concession Agreements for 25 years. 


Concessionaire will make the complexes livable by repairing, retrofitting, maintenance of rooms and filling up infrastructure gaps like water, sewer, septage, sanitation, road etc. States and UTs will select concessionaire through transparent bidding. Complexes will revert to ULB after 25 years to restart next cycle like earlier or run on their own.