PMAY

For many first-time homebuyers in India, purchasing a home can become slightly more affordable thanks to the interest subsidy scheme offered under the Pradhan Mantri Awas Yojana PMAY Subsidy. This scheme was launched with the objective of providing eligible individuals with the opportunity to receive a subsidy on the interest payable on their home loans—particularly for homes falling within the...

The Pradhan Mantri Awas Yojana (Urban) program is for those who live in slums and other economically backward urban areas, providing affordable shelter. The current demand for slum housing in India is approximately 18 million. As a result, the scheme provides the construction of approximately 20 million units of affordable housing to meet the estimated slum housing demand. To be eligible for support under...

The waiting list for the Pradhan Mantri Awaas Yojana-Gramin (PMAY-G) comprises the names of eligible rural families who are awaiting the allotment of a home under this scheme. It serves as an indicator of whether you are eligible to upgrade your home under this most prestigious rural housing initiative. In this blog, we will explore what the PMAY-G waiting list 2026, the process involved in its...

If you want to buy a new house from a developer or builder, or even buy a house from the secondary market through resale, you can avail of the benefits of PMAY. Loans can also be taken for under-construction properties. Interestingly, even if someone who already owns a house wants to avail of the benefits of PMAY, there is an option. The government has clarified that under the CLSS component, the...

IAY, the Indira Awaas Yojana, was a popular housing scheme of the 1990s. Before the government shifted its focus to large-scale and affordable housing schemes, IAY covered all aspects of mass housing programs. It was one of the largest and most popular housing schemes of its time. Launched in 1985 by Rajiv Gandhi, the Indira Awaas Yojana, which is the full form of IAY, was introduced to provide affordable...