INDORE: The state government has set an ambitious goal to transform Indore into a ‘slum-free’ city within the next five years. As part of this significant urban development initiative, the city plans to construct over 16,000 housing units in the next three years under the Pradhan Mantri Awas Yojana (PMAY) 2.0.
The overarching objective of the PMAY 2.0 scheme is to build 1.5 lakh housing units in Indore.
“The construction aims to develop around 1.5 lakh pucca houses across three categories: flats constructed by IMC for affordable rental housing, and individual houses that qualify for subsidies or financial assistance under PMAY,” stated Arth Jain, CEO of Indore Smart City Development Limited (ISCDL) in an interview with TOI.
The current phase will focus on constructing 16,056 flats in multi-storey buildings, with an estimated cost of approximately Rs 2,200 crore, he added.
This extensive housing initiative is vital for addressing encroachments and the slums that currently obstruct ongoing development projects and the completion of Master Plan roads.
The new apartments will facilitate the displacement and rehabilitation of residents living in affected areas.
To reach the target of 16,056 houses, ten strategic locations have been identified for the construction of multi-storey buildings. The administration has already drafted and submitted Detailed Project Reports (DPRs) for five of these sites to the government.
