1.1 lakh more affordable homes get govt nod; Rs 8,105 crore to be invested
The total homes sanctioned under PMAY(Urban) has now gone up to 3,052,828. The approval was given in the central sanctioning and monitoring committee.
Noida homebuyers lose out on interest relief
Homebuyers aware of this benefit and hoping to avail of it have only realized the gain won't acc...
Housing shortage in urban areas down at 10 million units: Government
A technical study conducted by the government in 2011 estimated housing ...
Centre approves another 52,319 houses under PMAY
The Ministry has so far approved construction of a total of 13,43,805 houses for urban poor with an investment of Rs 72,781 crore and central assistance of Rs 19,633 crore.
Government aims to construct 12 lakh houses in FY18 under PMAY scheme
The government had launched the Pradhan Mantri Awas Yojana (Urban) in June 2015, aiming to ensure housing for all by 2022.
'HUA ministry seeks three-fold hike in Budget allocation'
The central government aims to construct 1.2 crore houses for the urban poor under the Narendra Modi government's flagship scheme. So far, the construction of 37.5 lakh houses have been approved under the scheme.
View: Allowing HFCs access to demand deposits could make home loans cheaper
The positive sentiment towards affordable housing in India is evident from the spike in demand.
Affordable housing: Loans up to Rs 2 lakh see highest NPAs
NPAs went up from 6.1% to 8.6% for the sub- Rs 2 lakh slab between 2015-16 and 2016-17. NPAs stood at 10.4% for this slab.
PMAY housing gains traction in Bengal post-budget
Developers of luxury real estate have started scouting scope in affordable housing and Prime Minister Awas Yojana seriously as the segment is getting traction from budget sops.
Nearly 9 lakh people from Haryana applied for houses under PMAY: Venkaiah Naidu
Naidu has requested the state government to complete the demand survey by the end of July this year and submit the 'Housing for All' plan of action by August 2018.
Interest Subsidy Scheme on home loans for MIG extended to March 2019
Loans under PMAY (Urban) will now be available for beneficiaries belonging to Middle Income Groups (MIG) for fifteen more months beyond December this year.
Here's how to calculate the money you will save on buying a house under Pradhan Mantri Awas Yojana
Using the loan's amortisation schedule, the NPV of the interest subsidy is first calculated at a 9% discount rate and then credited upfront to the loan.
PMAY subsidy scheme could offer 2-10% discount on buying new property: Kotak Institutional Equities
The government has been pushing PM Modi's pet project of providing about 20 million houses across India by 2020.
Government targets to make 51 lakh houses in FY18 under PMAY-Gramin
Over 32 lakh houses have been reported complete in FY17 and 18 lakh in FY16. PMAY-Gramin was launched in November 2016 to replace the erstwhile Indira Awaas Yojana.
Centre claims 10 lakh houses built under Pradhan Mantri Awas Yojana (Gramin)
For the unversed, Prime Minister Narendra Modi launched the Pradhan Mantri Awas Yojana (Gramin) on November 20 this year from Agra.
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