Summary:
We will soon start work in six places to build the housing units,” said Verma.As of now, construction work has started only in Madhuban-Bapudham, where 856 houses will be built. “But barring Maduban-Bapudham, construction work under PMAY is still to take off. Each house built under the PM scheme costs Rs 4.5 lakh, of which the Centre contributes Rs 1.5 lakh and the UP government Rs 1 lakh. “Private developers get some incentives if they construct houses under PMAY, which includes 50% rebate on development fee and no charge on land use. Apart from the GDA, private developers have also been roped in for constructing houses under PMAY.“As of now, six builders have come up with a proposal for 3,047 units and it is being examined by the GDA,” said an official..