PM Modi's New Housing Initiative: A Major Boost to India's Real Estate Sector
Real estate experts welcome PM Modi's new housing initiative under PMAY, aiming to provide assistance for the construction of three crore additional rural and urban houses.
PmayHousing For AllAffordable HousingReal EstateIndiaReal Estate MumbaiJun 17, 2024
Frequently Asked Questions
What is the main objective of PMAY?
The main objective of PMAY is to provide assistance to eligible rural and urban households for the construction of houses with basic amenities.
How many houses have been completed under PMAY since 2015-16?
Approximately 4.21 crore houses have been completed under PMAY since 2015-16.
What is the focus of the Modi 3.0 administration's housing initiative?
The focus of the Modi 3.0 administration's housing initiative is on 'Housing for All', aiming to make a tangible difference in the lives of millions of Indians.
What is the expected impact of this initiative on the real estate sector?
The initiative is expected to bolster the real estate sector, particularly in the affordable housing segment.
What are the benefits of PMAY for economically weaker sections and low-income groups?
PMAY provides essential credit-linked subsidies, helping eligible families to achieve homeownership and access basic amenities, significantly improving their living conditions.
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