Overview of Housing Schemes in India

SWAMIH approved 310 proposals for Rs. 31,145 crore by March 17, 2023, benefiting 1,91,367 homebuyers and unlocking projects worth Rs. 83,188 crore.

The Ministry of Housing and Urban Affairs in India executes many initiatives to provide affordable homes to the urban poor. In addition, the national government also supports the efforts of state governments through missions like Atal Mission for Rejuvenation and Urban Transformation, Swachh Bharat Mission – Urban, Smart Cities Mission, and more. These projects are aimed to increase the quality of life of people living in cities and to offer essential facilities like housing, energy, and healthcare.

Pradhan Mantri Awas Yojana-Urban (PMAY-U) mission

The Ministry of Housing and Urban Affairs began the Pradhan Mantri Awas Yojana-Urban (PMAY-U) mission in June 2015. The mission’s goal is to give eligible urban recipients, including slum residents nationwide, pucca dwellings with essential facilities. The plan is administered through four verticals: Beneficiary Led Construction (BLC), Affordable Housing in Partnership (AHP), In-Situ Slum Rehabilitation (ISSR), and Credit Linked Subsidy Scheme (CLSS), based on the eligibility requirements as per the scheme guidelines. More than 120.45 lakh homes have been approved as of March 13, 2023, of which more than 109.23 lakh have been started and 72.56 lakh have been finished and given to recipients.

‘Land’ and ‘Colonization’: State Subjects

State laws govern land and colonisation, hence the Ministry of Housing and Urban Affairs does not keep central records on these topics.

Improving the Ease of Living in Cities

To assist the efforts of States/UTs in promoting ease of life for the ordinary impoverished people in cities, the Central Government has launched different missions. The Atal Mission for Rejuvenation and Urban Transformation (AMRUT 2.0), the Swachh Bharat Mission – Urban (SBM-U 2.0), the Smart Cities Mission (SCM), the National Health Mission, the Pradhan Mantri Jan Arogya Yojana under Ayushman Bharat (AB-PMJAY), the Pradhan Mantri Ujjwala Yojana (PMUY), and the UJALA scheme are a few examples.

RERA: Ensuring Transparency and Accountability

The Real Estate (Regulation and Development) Act, 2016 (RERA) was enacted to protect the rights of homebuyers and enhance transparency and accountability in the real estate market. Under RERA, state or union territory Real Estate Regulatory Agencies are obligated to register and regulate real estate projects and agents, and they can take action to complete development works on projects whose registration has lapsed or been cancelled.

‘Land and Colonization’ is a State subject. However, in order to protect the interest of homebuyers and to ensure transparency and accountability in the Real Estate Sector, Parliament has enacted The Real Estate (Regulation and Development) Act, 2016 (RERA). The Regulatory Authorities established under the Act are required to publish and maintain a web portal, containing relevant details of all real estate projects for which registration has been given, for public viewing.

As per the latest information available with the Ministry (as on 13th March, 2023), all States/ UTs have notified Rules under RERA except the State of Nagaland. 32 States/UTs have set up Real Estate Regulatory Authority and 28 States/UTs have set up Real Estate Appellate Tribunal. 1,01,304 Real Estate Projects & 72,012 Real Estate Agents have been registered under the provisions of RERA and 1,06,657 complaints have been successfully disposed of by the Real Estate Regulatory Authorities across the country. State-wise implementation details of RERA (as on 13th March, 2023) are annexed.

Special Window for Completion of Affordable and Mid-Income Housing

To help homebuyers of stalled projects, the government established the Special Window for Completion of Affordable and Mid-Income Housing (SWAMIH) investment fund, which funds stalled projects registered under RERA, including those that have been declared NPAs or are pending proceedings before the National Company Law Tribunal. As of March 17, 2023, 310 proposals aggregating to Rs. 31,145 crores have been approved under SWAMIH, benefiting around 1,91,367 homebuyers and unlocking projects worth Rs. 83,188 crore.

This information was given by the Minister of State for Housing & Urban Affairs, Kaushal Kishore, in a written reply in the Lok Sabha today.

(Copy Right @ India CSR)