With the Real Estate (Regulation and Development) Act (RERA) coming into force, as well as various other policy initiatives such as the Benami Transactions Act and the government's push to affordable housing, we are seeing increased activity in the residential property market in the larger cities. After the dampener of demonetisation in 2016, the positive…
The Pradhan Mantri Awas Yojana (PMAY) scheme was launched by the Government of India to boost the affordability of houses against an inflated real estate sector. The scheme aims to achieve its objective of “Housing for All” by 31 March 2022, the 150th birth anniversary year of Mahatma Gandhi, by constructing 20 million houses across…
Who is eligible for Pradhan Manti Awas Yojana? The following individuals and families are eligible for this scheme: Economically Weaker Section (EWS) – Families with an annual income up to Rs. 3 Lakh. Low Income Group (LIG) – Families with an annual income between Rs. 3 Lakh and Rs. 6 Lakh. Middle Income Group I…
