Latest news with #CSMC
Business Standard
3 days ago
- Business
- Business Standard
2.35 Lakh houses approved under PMAY-Urban 2.0 during 3rd meeting of CSMC
Total number of sanctioned houses under PMAY-U 2.0 stands at 7.10 Lakh The Central Sanctioning and Monitoring Committee (CSMC) in its third meeting held on 18 June 2025 has approved construction of 2.35 lakh houses under Pradhan Mantri Awas Yojana Urban 2.0 (PMAY-U 2.0). the meeting was held under the chairmanship of Srinivas Katikithala, Secretary, Ministry of Housing and Urban Affairs (MoHUA). The total houses approved are 2,34,864 in nine States namely, Assam, Bihar, Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Odisha, Rajasthan and Uttar Pradesh. PMAY-U 2.0 is being implemented through four verticals Beneficiary Led Construction (BLC), Affordable Housing in Partnership (AHP), Affordable Rental Housing (ARH) and Interest Subsidy Scheme (ISS). The houses approved in the CSMC meeting are under BLC and AHP verticals of the Scheme. So far, the total number of houses sanctioned under PMAY-U 2.0 is 7,09,979. During the meeting, Secretary, MoHUA directed the larger States to prepare affordable housing policy and bring the proposals under AHP vertical of PMAY-U 2.0. States/UTs may study the affordable housing policy of the State of Maharashtra and adapt it according to their local requirements. States/UTs were also advised to identify and attach beneficiaries under the AHP vertical at initial phase of approval to avoid unoccupancy issues at a later stage. Among the houses approved today under PMAY-U 2.0, more than 1.25 lakh houses have been sanctioned for the women alone, including single women and widows, ensuring empowerment of women. The scheme also promotes inclusiveness and social equity among different underprivileged groups with 42,400 houses allotted in name of for SC beneficiaries, 17,574 houses for ST beneficiaries and 1,13,414 for the OBC. Under PMAY-U 2.0, 1 crore families will be provided financial assistance to construct or purchase a pucca house in urban areas. The Scheme focusses on upliftment of poor and middle-class families by giving them secured houses to focus on the betterment of their lives. Individuals/families, who do not own a pucca house anywhere in the country, are eligible to purchase or construct a house under PMAY-U 2.0. Central Assistance of up to Rs 2.50 lakh per housing unit is provided. Pradhan Mantri Awas Yojana Urban (PMAY-U), launched in June 2015, was revamped and launched as PMAY-U 2.0. Under PMAY-U, more than 93.19 Lakh houses have already been constructed and delivered to beneficiaries. With launch of PMAY-U 2.0, additional 1 crore EWS/LIG/MIG families of urban India will be provided pucca houses.
The Hindu
3 days ago
- Politics
- The Hindu
Centre approves construction of 2.35 lakh houses under PMAY
The Centre on Wednesday (June 18, 2025) approved construction of 2.35 lakh houses under the Pradhan Mantri Awas Yojana (Prime Minister's Housing scheme). The approval was given at the third meeting of the Central Sanctioning and Monitoring Committee (CSMC) chaired by Srinivas Katikithala, Secretary, Ministry of Housing and Urban Affairs (MoHUA), an official statement said. The houses would be constructed under the Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0). The total houses approved are 2,34,864 for nine States — Assam, Bihar, Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Odisha, Rajasthan and Uttar Pradesh. PMAY-U 2.0 is being implemented through four verticals — Beneficiary Led Construction (BLC), Affordable Housing in Partnership (AHP), Affordable Rental Housing (ARH) and Interest Subsidy Scheme (ISS). The houses approved in the CSMC meeting are under BLC and AHP verticals of the scheme. As of now, the total number of houses sanctioned under PMAY-U 2.0 is 7,09,979. Among the houses approved, more than 1.25 lakh dwellings have been sanctioned for women alone, including single women and widows. A total of 44 houses have also been allotted to transgenders. While 42,400 houses have been allotted in the name of Scheduled Caste beneficiaries, 17,574 would be for Scheduled Tribes and 1,13,414 for Other Backward Classes. Under PMAY-U 2.0, 1 crore families will be provided financial assistance to construct or purchase a pucca (permanent) house in urban areas. The scheme focuses on upliftment of poor and middle-class families by giving them secured houses to focus on the betterment of their lives. For individuals/families, Central assistance of up to ₹2.50 lakh per housing unit is provided. Pradhan Mantri Awas Yojana – Urban (PMAY-U), launched in June 2015, was revamped and launched as PMAY-U 2.0. Under PMAY-U, more than 93.19 Lakh houses have already been constructed and delivered to beneficiaries. With the launch of PMAY-U 2.0, additional 1 crore EWS/LIG/MIG families of urban India will be provided pucca (permanent) houses.
Business Wire
12-06-2025
- Business
- Business Wire
Cameron Stephens Expands Western Canada Team with Appointment of Gabe Chung as Vice President, Origination
VANCOUVER, British Columbia--(BUSINESS WIRE)--Cameron Stephens Mortgage Capital Ltd.* ('CSMC') is pleased to announce the appointment of Gabe Chung as Vice President, Origination – Western Canada. Based in the firm's Vancouver office, Gabe will be responsible for originating commercial real estate loans across various asset classes and strengthening CSMC's client relationships and brand presence throughout the region. Gabe joins CSMC with more than 20 + years of experience in commercial real estate lending. Most recently, he served as Managing Director at National Bank of Canada, where he led the launch of the bank's Real Estate centre in Vancouver and originated several billion dollars in debt lending. He also played a pivotal role in mentoring and developing real estate talent nationwide. Prior to that, he spent 13 years with Royal Bank of Canada in progressively senior roles within real estate and commercial banking. 'At Cameron Stephens, we're building a team of the best and brightest — individuals who not only bring deep experience, but also the professionalism, integrity, and relationships that define trusted leadership in our industry,' said Riccky Dasgupta, Senior Vice President & Managing Director, Mortgage Unit. 'Gabe is widely respected in the Western Canada market. He understands our business, knows what clients need, and embodies our culture of disciplined growth and professional excellence.' This announcement follows the recent launch of the Western Canada High Yield Mortgage Fund, a $70 million infusion of strategic capital into the region, backed by Western Canadian real estate family offices and Cameron Stephens' flagship Bay Street High Yield Fund. The fund is now active and committing capital into high-quality commercial mortgage opportunities across Alberta and British Columbia. Gabe's appointment further strengthens Cameron Stephens' expansion strategy in Western Canada, where the firm has grown to over $550 million in assets under administration in just four years. Gabe holds an MBA from Simon Fraser University's Beedie School of Business and a Bachelor of General Studies from the same institution. He has been recognized numerous times throughout his career for his outstanding contributions and performance. Gabe is currently licensed as a Submortgage Broker in British Columbia. About Cameron Stephens Founded in 2004, Cameron Stephens is a leading Canadian real estate investment firm with nearly $4 billion in assets under administration. Cameron Stephens offers institutional and private investors strategic opportunities to invest in commercial real estate with consistent returns. The firm specializes in mortgage solutions through Cameron Stephens Mortgage Capital for developers across Canada. Established in 2021, Cameron Stephens Equity Capital provides equity opportunities for high-quality and strategically positioned developments. Leveraging deep market expertise and strong industry partnerships, Cameron Stephens is recognized as a key player in Canada's real estate investment landscape, delivering sustainable growth and financial success. For more information, visit *Ontario Mortgage Brokerage License #10769 and Administrator License #11807.
Time of India
07-06-2025
- Time of India
Over 340 encroachments on Beed Bypass Road removed, drive resumes on Monday
Chhatrapati Sambhajinagar: The civic body has cleared more than 340 illegal structures along the Beed Bypass Road during its current anti-encroachment drive. The operation, which started on June 3, will continue from Monday following a two-day pause due to festivities. Tired of too many ads? go ad free now Pramod Jadhav, who oversees Chhatrapati Sambhajinagar Municipal Corporation's special ex-servicemen squads, confirmed that Rs 2.8 lakh in penalties was collected from residents during the anti-encroachment operation. "The Beed Bypass Road has emerged as one of the fastest-developing commercial and residential areas of the city. The stretch of nearly 6km, from Mahanubhav Chowk to Deolai Chowk, had different encroachments, even on service roads and other road infrastructure. These illegal structures are being removed during the special drive," he said. According to Chhatrapati Sambhajinagar Municipal Corporation (CSMC) officials, the removed structures included both permanent and temporary constructions. "A public notification was issued appealing to people to remove the encroachments. Some of them removed their illegal structures on their own while the remaining did not pay heed to the appeal and attracted fines," Deshmukh said, adding that the drive was carried out under the supervision of municipal commissioner G Sreekanth. Local residents from Satara Deolai and surrounding areas have requested continued action until all unauthorised structures are removed. "Some big hotels and other commercial establishments have encroached upon the service road, causing huge inconvenience to locals. The authorities should also pay attention to service roads being used for illegal vehicle parking by these establishments," said Rajshekhar Wamshi, a private professional.
Time of India
19-05-2025
- Business
- Time of India
Civic body launches WhatsApp channel to connect with citizens
Chhatrapati Sambhajinagar: Chhatrapati Sambhajinagar Municipal Corporation (CSMC) on Monday announced the launch of its own WhatsApp channel for the benefit of citizens. The virtual platform will help the local civic body in dissemination of various information, said municipal commissioner G Sreekanth. "The WhatsApp channel was created with the aim of making the communication between the local civic body and citizens more effective, easy, and prompt. Various projects, schemes, official statements, press releases, and other important information from our side will be regularly delivered to the citizens through this channel," he said. Sreekanth said the new virtual platform will keep citizens abreast of different official happenings within the municipal corporation in one place. Titled ' CSMC OFFICIAL ', the WhatsApp channel of local civic body achieved over 430 subscribers within hours of launch. The civic administration has appealed to all citizens to subscribe to the CSMC WhatsApp channel and get reliable information about the workings of the municipal corporation. Meanwhile, many citizens said the new virtual platform should be run by able people to ensure sustained and meaningful existence. "Opening a communication channel on a popular social media platform is commendable. However, there should be good flow of messages on such a channel to share real-time updates , official announcements, and happenings. The new initiative must not remain on paper," said Yogesh Dharashivkar, a local resident from Mayur Colony area. |
