The High Stakes of PMAY-U 2.0: India’s urban affordable housing gamble | Property Mishra Show

The High Stakes of PMAY-U 2.0: India’s urban affordable housing gamble | Property Mishra Show

Financial Express : https://www.financialexpress.com/mone....

PMAY-U 2.0, a ₹10 lakh crore initiative under the Pradhan Mantri Awas Yojana Urban 2.0, aims to revolutionize affordable housing in India. This ambitious housing scheme, targeting 2024, is poised to transform the Indian housing market by making "Housing for All" a reality. However, with such a massive budget and lofty goals, questions arise about the scheme's success or failure. The real estate sector is closely monitoring this initiative as it could be the catalyst for a real estate revolution in India. The scheme's success hinges on overcoming various challenges, such as effective implementation, addressing urban housing demands, and ensuring the benefits reach the intended beneficiaries. As the government pushes forward with this urban housing mission, the next few years will be critical in determining whether PMAY-U 2.0 can deliver on its promises and reshape the future of housing in India.

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