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2,000 crore Maharashtra affordable housing body on the cards

The state government will soon set up a Rs 2,000 crore Maharashtra Affordable Housing Development Corporation to achieve the target of constructing 20 lakh tenements by 2022 under the Pradhan Mantri Awas Yojna.

The new corporation will implement the Pradhan Mantri Awaas Yojna along with other state housing policy initiatives, encouraging affordable housing projects in collaboration with private developers; create an urban housing fund where all government schemes can be channelized by leveraging commercial finance for housing development.

Source: Realty Media