Affordable houses likely to cost Rs 2 lakh more

Ghaziabad | Wednesday | 23rd January, 2019

Summary:

It will now be sent to the state government for approval,” he added.Asked if the cost of each flat would be increased, Ahmad said: “Of the Rs 4.5 lakh for each flat now, Rs 1.5 lakh is given by the central government, Rs 1 lakh by the state and Rs 2 lakh by the beneficiary. GHAZIABAD: The UP government is planning to increase the cost of flats under Pradhan Mantri Awas Yojana (PMAY) by Rs 2 lakh. But the state government might increase the cost to Rs 6.5 lakh. Some officials said the price of affordable houses needed to be increased to woo more private builders.Six builders on Tuesday submitted detailed project reports for 3,388 units under PMAY to the Ghaziabad Development Authority (GDA). As of now, each flat under the scheme costs Rs 4.5 lakh.Sources said the price of flats was taken up in a meeting of the state government with the builders’ association on Tuesday..