Central Government announced that it has so far approved construction of 12,83,616 affordable houses for urban poor in 2,329 cities and towns crossing the 12,40,968 mark approved under the ten years of Jawaharlal Nehru Urban Renewal Mission (JNNURM).
●    Making the announcement at a media conference here today, Minister of Housing & Urban Poverty Alleviation Shri M.Venkaiah Naidu said that his ministry today cleared construction of 1,97,402 housed for Economically Weaker Sections (EWS) under Pradhan Mantri Awas Yojana(Urban) in seven States and there by crossing the JNNURM mark in a very short period.
●    States sanctioned affordable houses by the Ministry of HUPA today are: Tamil Nadu-1,13,327 houses with an investment of Rs.3,714 cr, Karnataka- 31,880 (Rs.1,186 cr), Gujarat-18,248 (Rs.1,096 cr), Madhya Pradesh-16,448 (Rs.813 cr), Punjab-16,187 (Rs.447 cr), Rajasthan-1,280 (Rs.50 cr) and Meghalaya-32 (Rs.1.00 cr).
●    Shri Venkaiah Naidu stated that withdrawal of high value currency notes announced by the Government would have a positive impact on real estate sector, ultimately benefitting the sector and all stakeholders. He said it will lead to stabilization of prices and result in a ‘new normal’ in the sector. Since the fixed income and salaried people are the main buyers of affordable housing, this move would help affordable housing segment where in unaccounted transactions are almost non-extant. Shri Naidu said that he would soon have a meeting with sector representatives to hear their point of view. 

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