Ministry of Housing and Urban Affairs (MoHUA) has released a new notification on 12 June 2018 to boost Affordable Housing. This notification is regarding an “Increase in the Carpet Area of Houses Eligible for Home Loan Interest Subsidy under Credit Linked Subsidy Scheme (CLSS) under Pradhan Mantri Awas Yojana (Urban) for the Middle Income Group […]
Reserve Bank of India (RBI), in its new move has raised the Home Loan Limits under the Private Sector Lending (PSL) to boost supply of affordable houses. Now people can avail home loans upto Rs. 35 lakh in metropolitan areas (with population of 10 lakh or above) and Rs. 25 lakh in other areas for […]
All the first time MIG Homebuyers in Noida and Greater Noida can now avail Interest Subsidy under Pradhan Mantri Awas Yojana. Now all the buyers whose annual income is less than Rs. 18 lakh per annum and have bought new house after 1 January 2017 can avail this subsidy. All the people belonging to Middle […]
Union Cabinet, Central government has decided to create National Urban Housing Fund of Rs. 60,000 crore under Pradhan Mantri Awas Yojana (Urban). Subsequently, govt. will utilize this financial assistance for “Housing for All” Programme – PMAY to build 1.2 crore affordable houses under Urban Housing Scheme by FY 2022. Govt. will place these funds under […]
Ministry of Rural Department, Central govt. has launched PMAY-G Home Loan Interest Subsidy Scheme – RHISS. Subsequently, this Rural Housing Interest Subsidy Scheme (RHISS) will provide necessary resources to the families which are not covered under PMAY-G. Accordingly, this scheme will provide easy and cheap access for institutional loans at the subsidized interest rates for […]
The central government is going to increase the amount of subsidy for home buyers under Pradhan Mantri Awaas Yojna (PMAY) in urban areas. According to the notification, the guideline of PMAY will be modified to bring properties falling under any part of all development authorities. The development authorities include villages, industrial belts, and even special […]
The state government of Andhra Pradesh has decided to provide a house to each and every person who does not have an own personal house. Recently, Minister for Municipal administration inspected the status of houses being constructed at Bandameeda Thandrapadu gram panchayat. The state government has informed that about 9 lakh people have applied for […]
Pradhan Mantri Awas Yojana – Urban, a flagship housing scheme of central government has got another boost from the central government. The people belonging to MIG category would now be able to buy a bigger house and still get the scheme benefits. The central government has now increased the house area for MIG up to […]
The central government has extended the last date or better to say the deadline of availing subsidy under the CLSS component of Pradhan Mantri Awas Yojana – Urban. The deadline has been extended for the home loan borrowers belonging to the Middle Income Group (MIG) under the CLSS for MIG component. The PMAY last date […]
Pradhan Mantri Awas Yojana, a flagship housing scheme of Narendra Modi government is providing benefits to people across the country through 4 main components. However, in previous months the central government has amended one of the most important component of PMAY which is Credit Linked Subsidy Scheme or CLSS. Earlier the CLSS was applicable only […]