Categories: National

10,000 EWS houses in Tamil Nadu to be fitted with solar energy panels at a cost of Rs.253 cr under PMAY- a first under Urban Housing Mission

New Delhi, January 28, 2016: In a first of its kind under Prime Minister’s Awas Yojana (Urban), the Ministry of Housing & Urban Poverty Alleviation today approved fitting of roof top solar energy panels over 10,000 houses belonging to Economically Weaker Sections in Tamil Nadu at a cost of Rs.253 cr. This ‘Green’ proposal of the State Government was approved by an Inter-Ministerial Central Sanctioning & Monitoring Committee (CSMC) chaired by Dr.Nandita Chatterjee, Secretary(HUPA).

Unit Cost of greening these 10,000 EWS houses in 157 Town Panchayats is estimated to be Rs.2.53 lakh per house. Of this, Ministry of HUPA will provide an assistance of Rs.1.50 lakh per house while the State Government will contribute Rs.0.60 lakh and the beneficiary’s contribution will be Rs.0.43 lakh.

The Committee today also approved construction of 7,204 houses under Affordable Housing in Partnerhsip (AHP) component of PMAY (Urban) in 9 cities and towns at a total cost of Rs.572 cr with cost of construction ranging from Rs. 7.22 lakhs to Rs.8.46 lakhs per house. Of this, central assistance will be Rs.1.50 lakh per house and the rest will be borne by the state government and beneficiaries.

As per the Committee’s approval, another 6,272 houses of Economically Weaker Sections will be improved with required additional construction at a total cost of Rs.188 cr under the ‘Beneficiary led Construction’ component of urban housing mission in 9 cities. For this, central government will provide an assistance of Rs.1.50 lakh per each beneficiary while the state government and beneficiary will contribute Rs.0.60 lakh and 0.90 lakh per house.

Of the total cost of construction/improvement of 23,476 houses in Tamil Nadu approved today, central government will provide a total assistance of Rs.352.14 cr.

Affordable houses approved for construction/improvement are : Chennai-4,635, Pudukkottai-1,920, Namakkal-1,392, Madurai-1,362, Ranipet-1,086, Tiruchirapalli-896, Vellore-521, Erode-448, Coimbattore-356, Nagapattinam-336, Thanjavur-256, Hosur-190 and Viruddhnagar-78.

The Property Times News Bureau

Share
Published by
The Property Times News Bureau
11 years ago

Recent Posts

DBS Bank India extends INR 520 crore construction finance facility for K Raheja Corp commercial development in Pune

New Delhi, August 10, 2026:  DBS Bank India today announced the extension of a construction…

17 hours ago

GHR Infra Launches ‘2BHK Freedom Offer’ at GHR Callisto

Hyderabad, August 08,2026: GHR Infra has launched the '2BHK Freedom Offer' at GHR Callisto, its IGBC Green Homes…

3 days ago

RBI Holds Repo Rate at 5.25%; Realty Industry Sees Stability as Growth Driver The Reserve Bank of India’s (RBI) decision to maintain the repo rate at 5.25% and retain its ‘neutral’ monetary policy stance in the third bi-monthly Monetary Policy Committee (MPC) meeting of FY27 has elicited a measured response from the real estate industry. While the sector had hoped for a rate cut to further enhance home loan affordability and stimulate housing demand, industry leaders believe the RBI’s decision reflects a balanced approach amid elevated global uncertainties, volatile energy prices, and inflationary concerns. They noted that stable interest rates will continue to support buyer confidence, provide financial predictability for developers, and sustain the momentum witnessed in the residential real estate market. Mr. Kamlesh Thakur, President, NAREDCO Maharashtra “The RBI’s decision to maintain the repo rate at 5.25% while retaining a neutral stance reflects a prudent approach amid global uncertainties and evolving inflation dynamics. While the industry was hopeful of a rate cut, policy stability itself provides confidence to both developers and homebuyers. With borrowing costs remaining unchanged, housing demand is expected to continue its momentum, particularly in the mid-income and premium segments. The upward revision of India’s GDP growth projection to 6.7% underscores the resilience of the domestic economy. Going forward, as inflation moderates in line with the RBI’s expectations, there could be room for a more accommodative monetary policy. A future rate cut would further improve housing affordability, strengthen buyer sentiment, and accelerate investments across the residential and commercial real estate sectors.” Mr. Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory “The RBI’s decision to keep the repo rate unchanged brings continuity and predictability to the market at a time when global geopolitical developments and inflationary pressures continue to create uncertainty. Stable interest rates ensure that home loan EMIs remain broadly unchanged, allowing prospective buyers to make informed purchasing decisions without concerns over rising borrowing costs. The Indian housing market has demonstrated remarkable resilience over the past few years, supported by strong end-user demand, rising incomes, and growing confidence in the economy. With GDP growth projected at 6.7%, we expect housing demand to remain healthy across key micro-markets.” Mr. Shilpin Tater, Managing Director, Superb Realty “The RBI’s decision to maintain the repo rate is a balanced move considering the current global economic environment and domestic inflation outlook. Policy stability is particularly important for the real estate sector as it enables developers to plan projects with greater financial certainty while allowing buyers to benefit from stable lending rates. Demand for quality residential & commercial developments, especially in well-connected urban locations, is expected to remain robust. We remain optimistic that supportive monetary measures in the future could further strengthen investment activity.” Ms. Shraddha Kedia-Agarwal, Director, Transcon Developers “The RBI has adopted a measured and responsible approach by maintaining the repo rate while closely monitoring inflationary trends and global developments. Although a rate cut would have enhanced affordability for homebuyers, the decision to maintain stability provides confidence to both consumers and developers in an uncertain macroeconomic environment. The premium and luxury housing segments continue to witness healthy demand driven by aspirational buyers and strong wealth creation, while the broader residential market remains supported by genuine end-user demand. Stable financing costs, coupled with India’s improving growth outlook, should sustain market momentum.” Mr. Dhruman Shah, Promoter, Ariha Group “The RBI’s decision to keep the repo rate unchanged reflects its focus on balancing growth with inflation management amidst ongoing global uncertainties. For the real estate sector, policy continuity is a positive outcome as it preserves financial stability and ensures that financing conditions remain predictable for both developers and homebuyers. Stable interest rates, combined with sustained infrastructure investments and urbanization, will continue to support residential sales.”

New  Delhi, August 05, 2026: The Reserve Bank of India's (RBI) decision to maintain the…

6 days ago

Alumil India Designs State-Of-The-Art Fenestration  Solutions For Nagpur’s Landmark High-Rise Residential Project

Mumbai, August 04, 2026: Alumil India, the fully-owned Indian subsidiary of Alumil Group, has successfully executed its…

7 days ago

Pichwai Art for Contemporary Walls by WallKalakar’s

New Delhi, July 31, 2026: Led by Wallpaper Designer T.C. Mathur, WallKalakar's latest Pichwai Collection…

2 weeks ago

Nominations Invited for Adoni Lifetime Achievement Awards 2026

Hyderabad, July 13, 2026: The Khazi India Foundation has formally invited nominations for the prestigious…

4 weeks ago