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To ensure housing for all by 2022, the urban housing mission will be soon launched and will be named after Sardar Patel, said Minister of Housing and Urban Poverty Alleviation M. Venkaiah Naidu.
"Under the Sardar Patel Urban Housing Mission, 30 million houses will be built by 2022, mostly for the economically weaker sections and low income groups, through public-private-partnership, interest subsidy and increased flow of resources to the housing sector,” Naidu said.
The minister was speaking at the ‘World Habitat Day - Voices from Slums’ programme here on Thursday.
Naidu said an investment of about ₹50 lakh crore would be required over the next few years for various initiatives such as housing for all (₹22.50 lakh crore), urban infrastructure development (₹16.50 lakh crore), urban sanitation (₹62,000 crore), and building smart cities.
“The Government is focusing on ‘in-situ’ development of slums by encouraging vertical construction,” he added.
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