IIFL Home Finance approves loans worth Rs 7,000 cr for PMAY-CLSS beneficiaries
IIFL Home Finance said it has approved loans worth about Rs 7,000 crore for 42,500 beneficiaries under the Credit Linked Subsidy Scheme vertical of Pradhan Mantri Awas Yojana (PMAY - CLSS).
Credit-linked housing subsidy scheme for middle income group extended to March 31, 2021
Ever since its implementation in 2017, the CLSS schem...
Government extends PMAY housing loan subsidy for Middle Income Group until March 2021
Separately, finance minister Nirmala Sitharaman has als...
Realtors’ associations join hands to raise issues, seek relief from government
“The pain has brought us all together. Real estate has been facing multiple problems and now the current crisis of Covid-19 has added further pressure. Earlier, we were communicating differently with the government and that was not the right way,” said Harrish Jain, vice president, Brihanmumbai Developers Association.
What is PMAY? 10 important FAQs about Pradhan Mantri Awaas Yojana scheme
The deadline for the affordable housing Credit Linked Subsidy Scheme (CLSS) has been extended until March 2021. Earlier, the deadline for CLSS had expired on March 31, 2020. This move will benefit 2.5 lakh middle income families during 2020-21.
Govt to arrange special trains to bring labourers back to their workplaces: Anurag Thakur
The government arranged special trains to ferry migrated labourers to their home state after thousands of them were seen walking one state to another along with their family and kids despite the lockdown as they stopped earning with the economic activity coming to a standstill during lockdown. Thakur has requested the industry to get in touch with their workers.
What RBI's rate cut means for loan EMIs, fixed deposit investors
The latest rate cut is likely to cause more heart ache for FD investors, especially senior citizens who are dependent on interest income. Post the last RBI's rate cut, the country's largest bank announced the reduction in FD interest rate by up to 50 bps.
To expedite work under PMAY, state allows MahaHousing to join ventures
As per the norms, the private parties holding land measuring more than 10 acre are eligible for going ahead with a joint venture with any of these civic or government bodies for construction of houses under the PMAY.
Mumbai realty most affordable among similar realty hot spots
Knight Frank’s report names Mumbai as one of the most affordable cities among its global peers.
Housing for all: IIFL lends a hand with Rs 440 crore loans
The average ticket size of the disbursed loan under this scheme is Rs 13 lakh in the case of EWS/LIG.
DDA survey to assess housing needs
Those who want to be considered under PMAY (Urban) will be able to apply online at the DDA website www.dda.org.in for subsidy or allotment, starting August 1.
Only 250 people in MIG category availed CLSS on housing loan
Under the CLSS, which was made applicable to middle income group (MIG) from January 1 this year, only 250 beneficiaries were given interest subsidy of over Rs five crore.
This state achieves only 11.4% target under PMAY-Urban
Only 2.17 lakh units have been constructed in Maharashtra against the target of 19 lakh affordable houses by 2020.
Houses being constructed under PMAY (U) will be occupied by beneficiaries by 2021: Hardeep Singh Puri
According to the Union Housing and Urban Affairs Ministry which is mandated to implement the ambitious scheme of Prime Minister Narendra Modi, 53.40 lakh houses were grounded a few days back while 27.17 lakh houses have been completed.
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.