Clss

Union Budget 2023: Extend credit-linked subsidy scheme to boost affordable housing, says founder-chairman of Signature Global Group

CLSS covers middle income group beneficiaries seeking housing loans for acquisition/ construction of houses (including re-purchase) from banks, housing finance companies and other notified institutions. 

Affordable Homes: How Budget 2023 can achieve ‘Housing for All’

House pricing in tier 2 and 3 cities is also increasing given the trend of remote work.

Budget 2020: Fund allocation for housing sector up 18.39%

CLSS scheme has now been extended until March 31, 2022

Budget 2019: Affordable housing gets a shot in the arm

Interest deduction up to Rs 3.5 lakh for affordable housing (priced upto Rs 45 lakh) as against Rs 2 lakh earlier will now be available until March 31, 2020.

81 lakh homes sanctioned under PMAY (Urban); investment of Rs 5 lakh crore: Hardeep Puri

The government has set a target of one crore houses in urban areas across the country over a period of seven years from 2015 to 2022.

New Year gift! Government extends CLSS scheme by a year for first-time homebuyers

The Credit Linked Subsidy Scheme for the Middle Income Group (CLSS for MIG) was announced by Prime Minister Narendra Modi on December 31, 2016.

Over Rs 5,000 crore housing loan subsidy disbursed to 2.3 lakh CLSS beneficiaries

Consultation-cum-strategy meet on CLSS vertical of the Pradhan Mantri Awas Yojana (Urban) with banks and housing finance companies held

Will increase in carpet area of houses under PMAY-U lead to substantial increase in demand?

The enhanced size structure may offer a wider choice to aspirational buyers waiting on the sidelines

Increase in carpet area of houses under PMAY-U to boost demand in tier-2, tier-3 cities

Considering that value of houses in these cities are far lower than in the metros, large-sized units may witness some amount of demand from the home buyers belonging to the middle income group

Housing credit growth likely to rise to 17-19% in FY2019: ICRA

Housing finance companies will need incremental funding of around Rs 4 lakh crore in financial year 2019

Home buyers can now avail interest subsidy scheme under CLSS for larger houses

Experts had said all along that for the scheme to realise its potential, the limit set for the size of the apartments needs to be increased. This issue has now been addressed.

Construction of another 1.5 lakh affordable houses approved under PMAY

During the last three years from 2015 to 2018 over 45 lakh dwelling units have been approved for construction.

Noida, Greater Noida residents who got homes after Jan 2017 now eligible for PMAY interest subsidy

Bankers say they are reviewing data of their customers who are now eligible under the scheme and will be informing them shortly

Housing finance companies: Selective bets emerging amid cautious stance

Even as near-term outlook remains cloudy for housing finance companies, some stocks deserve a closer look.

PMAY(U) report card: Modi Govt releases Rs 11,412 crore for about 24 lakh affordable houses

Tamil Nadu, Madhya Pradesh and Gujarat submit the maximum proposals under PMAY(U); UP, Rajasthan, Maharashtra need to do more

Over 21 lakh affordable houses sanctioned under PMAY

Uttar Pradesh gets the largest share in the pie (70,784) followed by Karnataka (56,281).

Interest subsidy scheme for MIG housing to be effective from January 1, 2017

The Centre’s credit-linked interest subsidy scheme, for housing loans taken by people in the mid-income groups (MIGs), has been made effective from January 1, 2017, with EMIs to go down by over Rs 2,000 &#82

CLSS (MIG) scheme targeted towards loans of Rs 25-30 lakh: Indiabulls Housing

In an interview to CNBC-TV18, Gagan Banga, VC & MD of Indiabulls Housing Finance said that the good thing about CLSS is that there is no cap on the value of the house.

Urban Devpt minister releases operational guidelines for affordable housing

In a fillip to middle income families in search of their dream home, the ministry of housing & urban development has set the ball rolling on the credit-linked subsidy scheme or CLSS for middle-class families. 70 lending institutions and housing finance companies have been asked to operationalise the scheme.

Are you eligible for 6.5% home loan subsidy?

Know all that is required to avail home loan subsidy offered by the government.

Company Law Settlement Scheme, 2011

This PwC alert is on the extension of the CLSS Scheme. The Ministry of Corporate Affairs has extended the Company Law Settlement Scheme, 2011 (“CLSS”) upto 15th December 2011.