Bigger houses to get interest subsidy under PM’s scheme
The housing ministry on Tuesday increased the carpet area of houses eligible for interest benefit under the PM Awas Yojna for the middle-income group by 33%.
Maharashtra withdraws clearance of 3 low-cost housing projects under PMAY
MHADA realised that, three of these sites in MMR are reserved for s...
Affordable home finance companies multiply; loan book grows 27X in less than 5 years
One of the drivers of growth in this segment was the cre...
Government would complete its PMAY target much before 2022: Hardeep Puri
Union minister Hardeep Singh Puri informed Parliament regarding the progress of the flagship scheme, under which 4.5 million houses would be sanctioned by the end of March.
Residential sales in top 8 cities grew 13% in 2017-18: Report
During the fourth quarter, sales in affordable segment with price tag of less than Rs 25 lakh increased 24% from a year ago.
Maharashtra aims to deliver houses two years before deadline
The Maharashtra government has set a target of completing its share of 1.2 million houses for the poor under the Pradhan Mantri Awas Yojana (PMAY) by 2020.
Peninsula Land sells 650 flats worth Rs 150 cr in Pune housing project
Government is providing interest subsidy and lowered GST for buyers in this segment at 8 per cent as part of its objective to achieve 'housing for all' target.
Cabinet okays increase in carpet area of houses under PMAY: Should you go for it?
For MIG I, the existing carpet area of 120 sq mt will be increased to 160 sq mt and instead of 150 sq mt for MIG II category, it will now be 200 sq mt.
It’s the best time to buy a house for your own use: Renu S Karnad, HDFC Ltd
The sector is in a sweet spot as thrust given to housing has been extremely beneficial not only for developers but also homebuyers and lenders.
Modi’s affordable housing push has just lifted outlook of HFCs
Eight different models have been proposed under two schemes with central assistance
Pre-budget cheer for home buyers: 8% GST on houses under PMAY effective today
The concessional rate of GST of 12% (effective rate of 8% after deducting the cost of land) will apply in the housing sector.
Priority sector lending limit hike may boost sale of budget homes
RBI has revised the housing loan limit for PSL to Rs. 35 lakh from Rs. 28 lakh in metros with a population of 10 lakh and above and to Rs. 25 lakh from Rs. 20 lakh in other centres.
PM Modi interacts with beneficiaries of the Pradhan Mantri Awas Yojana
Prime Minister Narendra Modi interacted with beneficiaries of the Pradhan Mantri Awas Yojana via the 'Narendra Modi Mobile App.PM Modi inter...
Axis bank to waive 12 EMIs on home loans of up to Rs 30 lakh
Axis Bank has launched new home loan product-Shubh Aarambh Home loans-that gives borrowers additional benefit of EMI waiver.
PM Awas Yojana: Only 8% target met under urban housing scheme
In the urban areas barely 8%, or 3 lakh of the 40.6 lakh houses targeted so far have been constructed. In the rural version of PMAY only 30%, or 28.8 lakh houses, have been completed.
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