Union Budget 2023: Big boost for affordable housing under PM Awas Yojana

Experts and key players hail announcements but lament that many of their other expectations remained unfulfilled

Aiming to boosting the ‘Housing for All’ mission, Union Finance Minister Nirmala Sitharaman announced a proposal to ramp up the PM Awas Yojana Fund by as much as 68 per cent to Rs 79,000 crore, in her Budget speech for financial year 2023-24 on Wedbesday.

The higher allocation to the scheme will help the affordable housing segment, say real estate experts. However, they were also disappointed as many of their other expectations remained unfulfilled.

“Measures such as an increased outlay for affordable housing, enhanced focus on tourism and development of unity malls in key cities across the country would give