The Union Cabinet has approved the Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0, a scheme to provide affordable housing to one crore urban poor and middle-class families.
Pmayu 20Affordable HousingUrban PoorMiddleclass FamiliesInterest Subsidy SchemeReal Estate PuneAug 14, 2024
PMAY-U 2.0 is a scheme launched by the government to provide affordable housing to one crore urban poor and middle-class families.
Families belonging to economically weaker sections, low-income groups, or middle-income groups having no pucca house anywhere in the country are eligible for PMAY-U 2.0.
The government will provide 4 per cent interest subsidy on the first Rs 8 lakh loan for up to 12 years to beneficiaries taking loan up to Rs 25 lakh for house value up to 35 lakh.
The government will provide financial assistance of Rs 2.30 lakh crore to states and Union Territories to construct, purchase, or rent a house at an affordable cost in urban areas over the next five years.
The aim of PMAY-U 2.0 is to provide affordable housing to one crore urban poor and middle-class families and improve their quality of life.
A cautionary tale of how I squandered my grandmother's inheritance and the valuable lessons I learned along the way.
Despite a recent decline of 3.35%, the Aditya Birla Real Estate stock remains above its moving averages and has outperformed the broader market over the past month. Market analysts advise investors to hold their positions.
After Adar Poonawalla's Serene Productions acquired a 50% stake in Dharma Productions, a prominent name in Bollywood, industry analysts are raising questions about its valuation. The recent financial performance of Dharma Productions has been under scruti
Brigade Enterprises, a prominent player in the construction and real estate sector, has managed to outperform its peers despite recent recommendations from MarketsMOJO. The company's robust market capitalization and strong financial standing have contribu
A government-appointed commission in Sweden has recommended easing mortgage borrowing and repayment rules to make it easier for new buyers to enter the housing market. The current rules, introduced after the financial crisis of 2008-2009, have made it dif
WEL representatives recently visited the Additional Butibori industrial estate of the Maharashtra Industrial Development Corporation (MIDC) to evaluate potential sites for a new Rs 80 billion solar plant project. The company is eyeing a 500-acre plot to s