Thiruvananthapuram:
Kerala’s urban real estate landscape is witnessing activity across both
affordable housing and commercial development, with more than 30,000
beneficiaries expected to receive housing support under PMAY-Urban 2.0 while
major cities such as Kochi and Thiruvananthapuram continue to attract demand
for office, retail and technology infrastructure.
The
Kerala government has approved implementation of the second phase of Pradhan
Mantri Awas Yojana-Urban 2.0 (PMAY-U 2.0) in the state. Around 30,000 eligible
beneficiaries are expected to be covered, with the state set to sign an MoU
with the Centre for implementation. The move is also aimed at securing around
₹450 crore in central assistance for Kerala.
Under the
revised funding structure, eligible homeless beneficiaries can receive total
assistance of up to ₹4 lakh per house. The Centre is expected to contribute
₹1.50 lakh, while the state government will provide ₹1 lakh, with the remaining
contribution coming from the municipality and beneficiary as prescribed under
the scheme.
The
simultaneous expansion of affordable housing programmes and commercial
infrastructure reflects two important aspects of Kerala’s urban development:
the need to provide housing for economically weaker households and the need to
create modern employment and business centres.
PMAY-U
2.0 is designed to support eligible urban EWS, LIG and MIG families through
four components—Beneficiary-Led Construction, Affordable Housing in
Partnership, Affordable Rental Housing and the Interest Subsidy Scheme. The
national programme aims to provide assistance to one crore urban families over
five years.
For
Kerala, the combination of government-backed affordable housing and continued
investment in commercial and technology infrastructure could contribute to
broader urban development, particularly around major employment centres.
By The Realty Times News Bureau
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