The Central Government has sanctioned 2.88 lakh additional homes under Pradhan Mantri Awas Yojana – Urban 2.0, pushing the scheme’s cumulative approvals past 13.6 lakh units since its launch. The decision was taken at the latest meeting of the Central Sanctioning and Monitoring Committee (CSMC), the nodal body responsible for clearing housing proposals submitted by states and union territories. The newly approved units will be developed across multiple states and UTs, with beneficiaries drawn from economically weaker sections and low-income groups in urban areas. A notable feature of this round of approvals is the continued emphasis on women-led ownership, with the majority of sanctioned homes registered either solely in women’s names or under joint ownership.
What Was Approved and Under Which Verticals
The 2.88 lakh homes cleared in this CSMC meeting span three distinct verticals of the PMAY-U 2.0 framework. Beneficiary-Led Construction (BLC) covers individual households constructing or enhancing their own homes on owned land with government assistance. Affordable Housing in Partnership (AHP) involves state governments or agencies partnering with developers to deliver housing stock at subsidised costs. Affordable Rental Housing (ARH) addresses the rental segment a frequently overlooked dimension of urban housing policy by creating formal, low-cost rental inventory for migrant workers and urban poor families who do not qualify for or seek ownership. The multi-vertical approach ensures the scheme addresses both ownership and rental housing gaps simultaneously.
The Women Ownership Dimension
One of the structural priorities embedded in PMAY-U 2.0 is the registration of homes in women’s names either as sole owners or as joint title holders. This requirement is not incidental; it is a policy design choice aimed at building long-term financial security for women in low-income urban households. For property market observers, this signals a growing segment of first-time women homeowners entering formal property ownership for the first time a shift with implications for demand patterns, credit access, and household asset-building at the bottom of the income pyramid.
What It Means for the Affordable Housing Segment
Crossing 13.6 lakh cumulative approvals under PMAY-U 2.0 is a supply-side milestone, but the more relevant metric for buyers and investors tracking this segment is construction completion and actual delivery rates. Sanctioned units translate into on-ground supply only after state-level execution which varies significantly across geographies. For developers operating in the affordable housing space, each CSMC approval cycle represents a fresh pipeline of government-backed projects that can be bid on under the AHP vertical.
