Pradhan Mantri Awas Yojana – Urban (PMAY-U)

Why in news?

The PMAY-U is one of the initiatives by the Ministry of Housing and Urban Affairs to enhance urban housing and development.

Land & Colonisation – State subjects.

• PMAY-U 2.0 – It is the revamped version of Pradhan Mantri Awas Yojana.
• Launched on – September 17, 2024, this new phase will be implemented for a period of five years, from 2024 to 2029.
• It is also known as Prime Minister's Housing Scheme (Urban).
• Original PMAY-U – Launched on June 25, 2015, with the goal of providing housing for all in urban areas.
• Aim – To provide all-weather pucca houses to all eligible urban households across the country with the vision of ‘Housing for All’.
• Implemented – Under the Ministry of Housing and Urban Affairs
• 4 Verticals/Components –
  • Beneficiary Led Construction (BLC),
  • Affordable Housing in Partnership (AHP),
  • Interest Subsidy Scheme (ISS) and
  • Affordable Rental Housing (ARH)
• Beneficiaries – Families belonging to EWS, lower & middle income segments including slum dwellers, women, PwDs, and senior citizens having no pucca house anywhere in the country, are eligible to purchase or construct a house under PMAY-U 2.0.
• Financial Assistance – Under PMAY-U 2.0, 1 crore additional families of urban India will receive financial support of up to Rs. 2.50 lakh by the Government to construct or purchase a pucca house in cities.
• Progress Achieved –
  • 122.06 lakh houses sanctioned (including 10.43 lakh under PMAY-U 2.0).
  • Out of which 113.85 lakh houses grounded.
  • 96.02 lakh houses completed/delivered as of 24 Nov 2025.
• Affordable Housing Policy – States/UTs must frame AHP to provide various reforms and incentives for public/private agencies includes measures like nominal (<1%) stamp duty/registration charges for houses up to 60 sqm.
• Regulatory Frameworks –
  • Real Estate (Regulation and Development) Act (RERA), 2016 – To ensures transparency and accountability in real estate.
  • Model Tenancy Act (MTA) – To balance the tenant-landlord rights and provides speedy dispute resolution.
  • Transit Oriented Development (TOD) – To integrate land use and transport planning to develop compact growth centres near transit stations.
  • It encourages mixed land-use, reduces pollution/congestion, and ensures EWS housing allocation.

References

1. PIB | Initiatives to Enhance Urban Housing and Development
2. PMAY-U | PMAY-U 2.0