India, Jan. 29 -- Under the two phases of the flagship Pradhan Mantri Awas Yojana-Urban (PMAY-U), aimed at addressing the urban housing shortage, a total of 122.06 lakh homes have been sanctioned, of which 96.02 lakh have been delivered to beneficiaries across the country as of November 24, 2025, the Economic Survey 2025-2026 said on January 29.

"The government has undertaken multiple interventions to support affordable housing in urban areas. These include direct tax and GST benefits, inclusion in priority sector lending, which enables higher loan-to-value ratios and therefore smaller down payments, and provision of infrastructure status, amongst others. Under the two phases of the Pradhan Mantri Awas Yojana - Urban (PMAY-U), a total of...