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Cabinet approves development of Affordable Rental Housing Complexes for migrants, to spend Rs 600 crore

The Union Cabinet on Wednesday approved the development of Affordable Rental Housing Complexes for urban migrants and poor as a sub-scheme under the Pradhan Mantri Awas Yojana - Urban. As part of the scheme, existing vacant government funded housing complexes will be converted in Affordable Rental Housing Complexes through Concession Agreements for 25 years.

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