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  • Bihar govt asks Centre to release Rs 4050 crore of MGNREGA, PMAY funds without delay Nov 10, 2022 02:14 PM IST

    Bihar govt asks Centre to release Rs 4050 crore of MGNREGA, PMAY funds without delay

    Timely payment of wages to poor jobseekers is the fundamental guarantee under the MGNREGA Act, Bihar Rural Development minister Shrawan Kumar said.

  • PMAY has become major medium for ushering in socio-economic change: PM Modi Oct 22, 2022 05:42 PM IST

    PMAY has become major medium for ushering in socio-economic change: PM Modi

    (Eds: Adding picture ) Satna (MP), Oct 22 The Pradhan Mantri Awas Yojna (PMAY) has become a "major medium for bringing in socio-economic chang..

  • PMAY (Urban) awards: Madhya Pradesh second in 'best performing state' category Oct 20, 2022 01:40 PM IST

    PMAY (Urban) awards: Madhya Pradesh second in 'best performing state' category

    State Urban Development and Housing Minister Bhupendra received the award on behalf of the state from Prime Minister Narendra Modi at the 'Indian Urban Housing Conclave' in Rajkot in Gujarat on Wednesday.

  • PMAY-U and challenges faced by government in its implementation Aug 10, 2022 10:14 AM IST

    PMAY-U and challenges faced by government in its implementation

    The PMAY-U has successfully ensured housing supply to over 4.8 million households since it was launched in 2015. But it needs focused approach to address the challenges in slum redevelopment

  • 1,500 low-cost homes near Mumbai will be up for sale shortly in a lottery, says Maharashtra Housing Authority May 27, 2022 05:38 PM IST

    1,500 low-cost homes near Mumbai will be up for sale shortly in a lottery, says Maharashtra Housing Authority

    The homes are likely to go on sale next month in Mumbai’s satellite cities, including Navi Mumbai, Thane, Virar, Kalyan and Dombivali.

  • Homebuyers welcome Maharashtra govt’s decision to extend PMAY scheme May 24, 2022 01:19 PM IST

    Homebuyers welcome Maharashtra govt’s decision to extend PMAY scheme

    Real estate developers say that in a city like Mumbai constructing affordable homes is a challenge as the cost of land is high

  • Govt approves proposals for over 60,000 houses in five states under PMAY (Urban) Feb 15, 2022 07:35 PM IST

    Govt approves proposals for over 60,000 houses in five states under PMAY (Urban)

    The approvals were given at the 58th meeting of Central Sanctioning and Monitoring Committee (CSMC) under Pradhan Mantri Awas Yojana (Urban) on February 15.

  • Budget 2022 | Real estate sector welcomes Rs 48,000 crore allocation for affordable housing; homebuyers disappointed Feb 01, 2022 09:03 PM IST

    Budget 2022 | Real estate sector welcomes Rs 48,000 crore allocation for affordable housing; homebuyers disappointed

    Budget 2022 | Homebuyers expressed unhappiness over the absence of any additional tax deduction on interest paid on home loans or relief for buyers stuck with incomplete projects.

  • Budget 2022: Affordable housing gets major boost Feb 01, 2022 12:02 PM IST

    Budget 2022: Affordable housing gets major boost

    As many as 80 lakh homes are expected to come up by 2023.

  • Democratization of property ownership: Investors can now choose from REITS to fractional ownership Jan 02, 2022 10:06 PM IST

    Democratization of property ownership: Investors can now choose from REITS to fractional ownership

    Due to the push for reforms and policy initiatives like Benami Property Prevention Act, RERA, REITs, PMAY, real estate as an asset class for investment has become affordable over the years.

  • 60,000 homes cleared under Affordable Rental Housing and Urban Complexes scheme: Housing secretary Aug 19, 2021 10:08 PM IST

    60,000 homes cleared under Affordable Rental Housing and Urban Complexes scheme: Housing secretary

    Assam is the first Indian state to adopt the Model Tenancy Act, Mishra has said.

  • NHB disburses over Rs 30,000 crore in interest subsidy under PMAY Aug 19, 2021 09:28 PM IST

    NHB disburses over Rs 30,000 crore in interest subsidy under PMAY

    The National Housing Bank, Hudco and State Bank of India are the central nodal agencies to channelise this subsidy to the lending institutions and for monitoring the progress.

  • Govt approves construction of 16,488 more houses in urban areas under PMAY Aug 17, 2021 08:16 AM IST

    Govt approves construction of 16,488 more houses in urban areas under PMAY

    The Union Housing and Urban Affairs (HUA) Ministry said the decision was taken at a meeting of the Central Sanctioning and Monitoring Committee (CSMC), attended by officials from four states and union territories.

  • Shelter For All: Realizing The Goal since 75 Years Aug 15, 2021 05:57 PM IST

    Shelter For All: Realizing The Goal since 75 Years

    Shelter, besides food, is a necessity guaranteed by our Constitution. Even after 75 years of Independence, this goal still eludes us.

  • India’s home rental programme for migrant workers needs more nuance and ambition Aug 15, 2021 09:43 AM IST

    India’s home rental programme for migrant workers needs more nuance and ambition

    The affordable housing rental complex (AHRC) scheme acknowledges the needs of mobile workers who spend short periods of time in the city and do not seek permanent housing. Applying what we know about migrant work and the development sector will help India to realise AHRC's potential.

  • PMAY scheme should be relaunched with in-built credit-linked insurance: CII Jul 26, 2021 01:18 PM IST

    PMAY scheme should be relaunched with in-built credit-linked insurance: CII

    The Pradhan Mantri Awas Yojana scheme falls short of covering the risk of death or disability of the borrower as the loans sanctioned under it do not have an in-built insurance provision.

  • Actual implementation of PMAY falls below scheduled targets: ICRA Jul 12, 2021 03:15 PM IST

    Actual implementation of PMAY falls below scheduled targets: ICRA

    The allocation towards the PMAY-U in the Union Budget has been reduced to Rs 8,000 crore for FY2022, against a revised estimate (RE) of Rs 21,000 crore for FY2022

  • Home First Finance — A worthy long-term bet available at reasonable valuation May 19, 2021 03:22 PM IST

    Home First Finance — A worthy long-term bet available at reasonable valuation

    Home First, being an affordable housing player, is well poised to benefit from structural growth in the segment

  • Today is the last day to apply for DDA Housing Scheme 2021, window closes at midnight Feb 16, 2021 12:35 PM IST

    Today is the last day to apply for DDA Housing Scheme 2021, window closes at midnight

    DDA has so far received around 30,000 applications largely in the high-income and mid-income segments.

  • States should lower stamp duty to make housing affordable to all, says NHB study Nov 23, 2020 02:17 PM IST

    States should lower stamp duty to make housing affordable to all, says NHB study

    Capping of stamp duty and registration charges on mortgages may also increase revenue for states through their effect on demand, says the study

  • FM’s Diwali gift: Increased allocation to PMAY-U to boost housing demand Nov 16, 2020 09:52 AM IST

    FM’s Diwali gift: Increased allocation to PMAY-U to boost housing demand

    By allocating an additional Rs 18,000 crore to urban housing, the finance minister has given a push to the stagnant real estate sector

  • IIFL Home Finance disburses loans worth Rs 7,000 crore to 42,500 families under Pradhan Mantri Awas Yojana Sep 09, 2020 05:20 PM IST

    IIFL Home Finance disburses loans worth Rs 7,000 crore to 42,500 families under Pradhan Mantri Awas Yojana

    Out of the total subsidy of Rs 1,000 crore, more than Rs 870 crore have been provided to families and beneficiaries in EWS/LIG category.

  • HDFC disburses Rs 4,700 crore subsidy to over 2 lakh first-time homebuyers under PMAY scheme Sep 07, 2020 11:14 AM IST

    HDFC disburses Rs 4,700 crore subsidy to over 2 lakh first-time homebuyers under PMAY scheme

    The loans have been disbursed under the Pradhan Mantri Awas Yojana Credit Linked Subsidy Scheme

  • PMAY (U), AMRUT and Smart Cities Mission a boon in fight against COVID-19: Hardeep Singh Puri Jun 25, 2020 09:01 PM IST

    PMAY (U), AMRUT and Smart Cities Mission a boon in fight against COVID-19: Hardeep Singh Puri

    PMAY (U), Smart Cities Mission (SCM) and Atal Mission for Rejuvenation and Urban Transformation (AMRUT) have completed five years

  • Exclusive | Housing Ministry confident of making good of the time lost over COVID-19 Mar 31, 2020 04:01 PM IST

    Exclusive | Housing Ministry confident of making good of the time lost over COVID-19

    For government contracts force majeure clause is always part of the agreement and will be taken care of, they say