Govt announces steps to boost housing, facilitate homebuyers
5 years, 3 months ago

Govt announces steps to boost housing, facilitate homebuyers

The Hindu  

The government on Saturday announced a ₹10,000 crore special window to provide last-mile funding for completion of ongoing housing projects, which are not NPAs or facing bankruptcy proceedings under NCLT. Announcing the measure, Finance Minister Nirmala Sitharaman said the government will contribute ₹10,000 crore for the special window and roughly the same amount is expected from outside investors. Ms. Sitharaman also said the interest rate on housing building advance will be lowered and linked to the 10-year G-sec yields. External commercial borrowing guidelines will also be relaxed to help housing developers obtain overseas funds.

 sitharaman  govt  help  facilitate  special  announces  relaxed  housing  servants  window  minister  houses  steps  projects  homebuyers  boost

History of this topic

PMAY-U 2.0: Modi government offers 4 per cent subsidy on home loans, check eligibility, conditions
22 hours, 6 minutes ago

PMAY-U 2.0: Modi government offers 4 per cent subsidy on home loans, check eligibility, conditions

India TV News  

The central government has launched PMAY-U 2.0 to provide affordable housing under the vision of "Housing for All". Beneficiaries must meet the following income criteria: EWS: Annual income up to Rs 3 lakh LIG: Annual income up to Rs 6 lakh MIG: Annual income up to Rs 9 lakh To qualify for this grant, applicants must provide proof of income. …

PMAY 2.0: How to apply online for new homes under Pradhan Mantri Awas Yojana? Check steps
3 weeks, 2 days ago

PMAY 2.0: How to apply online for new homes under Pradhan Mantri Awas Yojana? Check steps

India TV News  

The central government, led by Prime Minister Narendra Modi, has launched the second phase of the Pradhan Mantri Awas Yojana to provide financial assistance for housing. Under PMAY 2.0, the government plans to build 1 lakh new houses, where each unit will get a financial subsidy of Rs 2.30 lakh. The scheme will be implemented through various components, including: Beneficiary-Led …

Over 88 lakh houses delivered under PMAY-U, govt tells Rajya Sabha
1 month, 1 week ago

Over 88 lakh houses delivered under PMAY-U, govt tells Rajya Sabha

Hindustan Times  

New Delhi, Dec 2 More than 88 lakh houses have been delivered to the beneficiaries under the Pradhan Mantri Awas Yojana, the Rajya Sabha was informed on Dec 2. More than 88 lakh houses have been delivered to the beneficiaries under the Pradhan Mantri Awas Yojana, the Rajya Sabha was informed on Dec 2. The ministry has been supplementing the …

Union Cabinet approves PMAY-U 2.0 with ₹2.30 lakh crore housing assistance
4 months, 4 weeks ago

Union Cabinet approves PMAY-U 2.0 with ₹2.30 lakh crore housing assistance

Hindustan Times  

The Union Cabinet has approved the Pradhan Mantri Awas Yojana-Urban 2.0 under which financial assistance will be provided to one crore urban poor and middle-class families through states and Union Territories to construct, purchase, or rent a house at an affordable cost in urban areas in five years. Union Cabinet approves PMAY-U 2.0 with ₹ 2.30 lakh crore housing assistance. …

Rs 2.30L cr for housing, 8 rly projects okayed
4 months, 4 weeks ago

Rs 2.30L cr for housing, 8 rly projects okayed

New Indian Express  

NEW DELHI: Among a slew of measures that the Narendra Modi-led government took on Friday, the most ambitious appeared to be the Pradhan Mantri Awas Yojana-Urban 2.0. Under this scheme, financial assistance will be provided to one crore urban poor and middle-class families through states, UTs or Primary Lending Institutions to construct, purchase or rent a house at an affordable …

Budget: FM announces ₹10 lakh crore for urban housing scheme
5 months, 2 weeks ago

Budget: FM announces ₹10 lakh crore for urban housing scheme

Hindustan Times  

New Delhi: A transit-oriented development framework for 14 large Indian cities, dormitory-type rental housing for industrial workers, and 10 million new houses for the urban poor were announced by Union finance minister Nirmala Sitharaman in her budget speech on Tuesday. Finance minister Nirmala Sitharaman presented the Union Budget 2024 on Tuesday In her record seventh budget presentation and the first …

Budget 2024: Focus on digitisation of land records, Urban development gets a leg up
5 months, 2 weeks ago

Budget 2024: Focus on digitisation of land records, Urban development gets a leg up

Hindustan Times  

Urban development is one of the nine priorities outlined by the Finance Minister Nirmala Sitharaman in her speech on July 23. Urban development proposals The finance minister in her seventh straight budget said that three crore additional houses under the Pradhan Mantri Awas Yojana in rural and urban areas in the country have been announced, for which the necessary allocations …

Nirmala Sitharaman announces PM-Awas Yojana Urban 2.0 for housing for all
5 months, 2 weeks ago

Nirmala Sitharaman announces PM-Awas Yojana Urban 2.0 for housing for all

India Today  

Finance Minister Nirmala Sitharaman announced PM Awas Yojana-Urban 2.0 aimed at housing for all while presenting Budget 2024. Finance Minister Nirmala Sitharaman says, "Urban Housing: Under the PM Awas Yojana-Urban 2.0, the housing needs of 1 crore poor and middle-class families will be addressed with an investment of Rs 10 lakh crores. In the 2024 Budget, Finance Minister Nirmala Sitharaman …

Urban Affairs Ministry to revamp affordable housing scheme
6 months, 2 weeks ago

Urban Affairs Ministry to revamp affordable housing scheme

The Hindu  

The Pradhan Mantri Awas Yojana, a scheme to enable affordable housing for the urban poor, would be revamped with new features based on learning from the past nine years since when it has been operational, the Ministry of Housing and Urban Affairs said on Tuesday. A senior official of the Housing and Urban Affairs Ministry said that the revamp would …

New Cabinet’s first decision: Centre to assist construction of 3 crore houses under PMAY
6 months, 4 weeks ago

New Cabinet’s first decision: Centre to assist construction of 3 crore houses under PMAY

The Hindu  

Hours after Prime Minister Narendra Modi took charge of his office for the third consecutive time on June 10, the new Union Cabinet led by him took its first decision — to provide assistance for the construction of three crore more rural and urban houses under the Pradhan Mantri Awas Yojana. “It has been decided in the Cabinet meeting today …

Modi Cabinet 3.0 takes big decision in first meeting, govt to construct 3 crore houses under PMAY
6 months, 4 weeks ago

Modi Cabinet 3.0 takes big decision in first meeting, govt to construct 3 crore houses under PMAY

India TV News  

Prime Minister Narendra Modi held the first meeting of his new Cabinet on Monday evening. In the meeting, it was decided the central government will provide assistance to 3 crore additional rural and urban households for the construction of houses, under Pradhan Mantri Awas Yojana to assist eligible rural and urban households in constructing homes equipped with basic amenities. PM …

Housing scheme to be launched for deserving middle class: Sitharaman in Budget speech
11 months, 1 week ago

Housing scheme to be launched for deserving middle class: Sitharaman in Budget speech

The Hindu  

Giving a boost to affordable housing, the government on Thursday announced a new scheme to help “deserving” sections of the middle class buy or build their own houses. Union Finance Minister Nirmala Sitharaman also gave a push to rural housing and said two crore more houses would be made under the flagship Pradhan Mantri Awas Yojana -Rural. Ms. Sitharaman said …

Real Estate Budget 2024: Govt to launch housing scheme for the middle class
11 months, 1 week ago

Real Estate Budget 2024: Govt to launch housing scheme for the middle class

Hindustan Times  

The government will launch a housing scheme for middle class to buy or build their own houses, finance minister Nirmala Sitharaman said in her Budget 2024 speech on February 1. Government to launch ₹ 2 crore more housing units in the next five years under the PM Awas Yojana : Budget 2024 “Our Government will launch a scheme to help …

Budget 2024: Nirmala Sitharaman announces new housing scheme for middle class citizens
11 months, 1 week ago

Budget 2024: Nirmala Sitharaman announces new housing scheme for middle class citizens

India TV News  

In her last Budget announcement before the Lok Sabha elections for 2024, Finance Minister Nirmala Sitharaman outlined various housing schemes. "Our government will launch a scheme to help deserving sections of the middle class “living in rented houses, or slums, or chawls and unauthorised colonies” to buy or build their own houses," she said in her budget speech. Image Source …

Home loan interest subsidy scheme for urban areas in final stages: Puri
11 months, 4 weeks ago

Home loan interest subsidy scheme for urban areas in final stages: Puri

Hindustan Times  

NEW DELHI: A new home loan int`erest subsidy scheme for low and middle-income groups announced by Prime Minister Narendra Modi in his Independence Day speech last year is in the final stages of preparation, union minister of housing and urban affairs Hardeep Singh Puri said on Friday. The home loan interest subsidy scheme will replace the discontinued Credit Linked Subsidy …

UP nod to Amitabh Kant panel recommendations, says will provide relief to homebuyers
1 year ago

UP nod to Amitabh Kant panel recommendations, says will provide relief to homebuyers

Hindustan Times  

LUCKNOW: The Uttar Pradesh cabinet on Tuesday has decided to accept the recommendations of a committee headed by Niti Aayog’s former chief executive officer Amitabh Kant that would help lakhs of home buyers in the state, the state finance minister Suresh Kumar Khanna said. UP finance minister Suresh Kumar Khanna made the announcement after the cabinet meeting Khanna said the …

Government’s 60,000 Crore Affordable Housing Subsidy Scheme: What’s the Rush?
1 year, 2 months ago

Government’s 60,000 Crore Affordable Housing Subsidy Scheme: What’s the Rush?

The Quint  

Modi government’s ambitious housing for agenda was eloquently captured in the address of the President of India to the Joint Session of Parliament on 9 June, 2014: “By the time the Nation completes 75 years of its Independence, every family will have a pucca house with water connection, toilet facilities, 24x7 electricity supply, and access.” The government launched Pradhan Mantri …

Housing for all: The Hindu Editorial on scheme to help the urban poor build houses in cities
1 year, 4 months ago

Housing for all: The Hindu Editorial on scheme to help the urban poor build houses in cities

The Hindu  

The announcement by Prime Minister Narendra Modi of a scheme to help the urban poor build houses in cities is a signal that the government is to undertake one more plan to address the problem of a shortage in urban housing. Even five months ago, its stand was that no new housing scheme had been envisaged following the extension of …

Union Budget: Allocation for housing scheme for rural poor increased by 12%
1 year, 11 months ago

Union Budget: Allocation for housing scheme for rural poor increased by 12%

Hindustan Times  

The budgetary allocation for the Pradhan Mantri Awas Yojana-Gramin or PMAY-G for providing housing for the rural poor has been increased by 12% to ₹54,487 crore even as the allocation for the urban version of the scheme has been slashed to ₹25103 crore from ₹28708 crore. The housing schemes are among the most popular social welfare policies such as Ujjwala …

Budget 2023: ₹79,000 crore set aside for PMAY, 65% higher than last year
1 year, 11 months ago

Budget 2023: ₹79,000 crore set aside for PMAY, 65% higher than last year

Hindustan Times  

Presenting the final full budget of the Modi government ahead of next year's parliamentary elections, Union finance minister Nirmala Sitharaman on Wednesday announced an outlay of ₹79,000 crore towards the Pradhan Mantri Awas Yojana. New Delhi: Union Finance Minister Nirmala carrying a folder-case poses for photographs outside the Finance Ministry at North Block, in New Delhi, Wednesday, Feb. 1, 2023, …

Budget 2023: 'PM Awas Yojana' allocation raised by 66% to provide houses to poor | All you need to know
1 year, 11 months ago

Budget 2023: 'PM Awas Yojana' allocation raised by 66% to provide houses to poor | All you need to know

India TV News  

Union Budget 2023: During her budget speech, Finance Minister Nirmala Sitharaman made a big announcement to provide affordable houses to the people of the country. Presenting the Union Budget for the fiscal year 2023-24, she said that the outlay for 'Prime Minister Awas Yojana' is being enhanced by 66% to over Rs. BUDGET 2023: FULL COVERAGE About Pradhan Mantri Awas …

Govt to announce ₹40k crore towards PMAY in Union budget 2023: Report
1 year, 11 months ago

Govt to announce ₹40k crore towards PMAY in Union budget 2023: Report

Hindustan Times  

In Union budget 2023, which finance minister Nirmala Sitharaman will present in Lok Sabha on February 1, the Centre is likely to announce an outlay of ₹40,000 crore towards the Pradhan Mantri Awas Yojana, according to a report in HT's sister publication Live Hindustan. Representational Image As per the report, the Centre may give itself a target of 84 lakh …

Real estate recommendations for the Union Budget 2023-24
1 year, 11 months ago

Real estate recommendations for the Union Budget 2023-24

The Hindu  

The limit of principal deduction on housing loans under Section 80C of the Income Tax Act 1961 stands at ₹1.5 lakh per annum. It is recommended that this be increased to at least ₹4 lakh per annum in the next Union Budget. The interest deduction limit under Section 24 of the IT Act on housing loan stands at ₹2 lakh …

Pradhan Mantri Awas Yojana-Urban Extended Till December 2024; Cabinet Gives Nod; Check Details
2 years, 4 months ago

Pradhan Mantri Awas Yojana-Urban Extended Till December 2024; Cabinet Gives Nod; Check Details

News 18  

The Cabinet, chaired by Prime Minister Narendra Modi, has extended the Pradhan Mantri Awas Yojana-Urban scheme till December 31, 2024, wherein financial assistance is to be provided for the completion of already sanctioned 122.69 lakh houses till March 31, 2022, according to an official statement. Therefore, based on the requests from the states/ UTs, the Union Cabinet decided to extend …

Union Cabinet Approves Continuation of Flagship 'Pradhan Mantri Awas Yojana-Urban' Scheme Up to 2024
2 years, 4 months ago

Union Cabinet Approves Continuation of Flagship 'Pradhan Mantri Awas Yojana-Urban' Scheme Up to 2024

News 18  

The Union Cabinet, chaired by the Prime Minister Narendra Modi, on Wednesday approved the continuation of the government’s flagship housing scheme Pradhan Mantri Awas Yojana-Urban till 2024. The Cabinet gave its nod to the proposal of Ministry of Housing and Urban Affairs wherein financial assistance is to be provided for the completion of already sanctioned 122.69 lakh houses till March …

Housing for all: Centre approves continuation of PMAY-U scheme till 2024
2 years, 4 months ago

Housing for all: Centre approves continuation of PMAY-U scheme till 2024

Hindustan Times  

The Union Cabinet on Wednesday approved a proposal of the ministry of housing and urban affairs for the continuation of Pradhan Mantri Awas Yojana-Urban up to December 31, 2024. Pradhan Mantri Awas Yojana is an initiative by the Union government, under which the Centre is aiming to provide affordable housing to the urban poor with a target of building two …

1.8 mn houses to be built in 3 years under Pradhan Mantri Awas Yojana: Karnataka CM Bommai
2 years, 7 months ago

1.8 mn houses to be built in 3 years under Pradhan Mantri Awas Yojana: Karnataka CM Bommai

Hindustan Times  

Karnataka chief minister Basavaraj Bommai, during his interaction with the beneficiaries of centrally- “The Pradhan Mantri Awas Yojana aims at ensuring a roof over the head for each family in the country, for which about 18 lakh homes would be built in Karnataka under the scheme in the next three years,” he said. Bommai also lauded Prime Minister Narendra Modi’s …

Project proposals for over 60,000 houses approved under PMAY(U): Govt
2 years, 10 months ago

Project proposals for over 60,000 houses approved under PMAY(U): Govt

Live Mint  

Project proposals for over 60,000 houses were approved for construction under the Pradhan Mantri Awas Yojana in Andhra Pradesh, Chhattisgarh, Himachal Pradesh, Karnataka and Rajasthan, the Ministry of Housing and Urban Affairs said on Tuesday. Earlier this month, Finance Minister Nirmala Sitharaman during the Budget presentation announced an allocation of ₹48,000 crore to build eight million houses. “The total number …

Cabinet extends deadline to build 2.95 crore rural homes under PMAY-G to 2024
3 years, 1 month ago

Cabinet extends deadline to build 2.95 crore rural homes under PMAY-G to 2024

The Hindu  

Having achieved only 55% of its target, the Centre has extended its deadline to provide pucca houses to all families in rural India by two years, to 2024. In a decision taken by the Cabinet on Wednesday, the flagship rural housing scheme, Pradhan Mantri Awas Yojana-Gramin, will be provided ₹2.17 lakh crore in additional Central and State funding to achieve …

PM Awas Yojana: Centre dissatisfied with progress, defers Punjab’s request for funds
3 years, 9 months ago

PM Awas Yojana: Centre dissatisfied with progress, defers Punjab’s request for funds

Hindustan Times  

The Centre has expressed dissatisfaction with the pace of work of the Punjab government in implementation of the Pradhan Mantri Awas Yojana in urban areas of the state. PM Awas Yojana: Centre dissatisfied with progress, defers Punjab’s request for funds The Union ministry of housing and urban affairs expressed its concern over the slow progress of construction and completion of …

‘Housing for all’ scheme gets ₹18,000 cr
4 years, 1 month ago

‘Housing for all’ scheme gets ₹18,000 cr

Live Mint  

Bengaluru: An additional outlay of ₹18,000 crore for Pradhan Mantri Awas Yojana, over and above the ₹8000 crore allocated in the budget, by finance minister Nirmala Sitharaman on Thursday may help in giving an extra push towards the government’s ‘housing for all’ mission. “ ₹18,000 crore will be provided over the Budget Estimates for 2020-21 for Prime Minister Awas Yojana …

Finance Minister announces ₹18,000 crore additional outlay for urban housing scheme
4 years, 1 month ago

Finance Minister announces ₹18,000 crore additional outlay for urban housing scheme

The Hindu  

Finance Minister Nirmala Sitharaman on Thursday announced a ₹18,000 crore additonal outlay for the urban housing scheme to help complete real estate projects that would create jobs and boost the economy. She said the ₹18,000 crore would be provided over and above the Budget Estimates for 2020-21 for the Prime Minister Awas Yojana through additional allocation and extra budgetary resources. …

COVID-19: Double stress fund for stalled affordable housing projects to Rs 50,000 cr, says EY
4 years, 8 months ago

COVID-19: Double stress fund for stalled affordable housing projects to Rs 50,000 cr, says EY

Firstpost  

The government has so far cleared Rs 540 crore worth projects and preliminary clearance has been given for due diligence in nearly 14 housing projects. Mumbai: With the number of ‘stressed’ real estate projects likely to increase due to the ongoing lockdown, global consultancy firm EY has recommended doubling of special stress fund to Rs 50,000 crore to provide liquidity …

Homebuyers can approach banks for loan revival; Rs 25,000-cr fund not for projects facing litigation in higher courts: Govt
5 years, 2 months ago

Homebuyers can approach banks for loan revival; Rs 25,000-cr fund not for projects facing litigation in higher courts: Govt

Firstpost  

A day after announcing a Rs 25,000-crore stress fund for stalled housing projects, the government on Thursday advised homebuyers to approach lenders for additional borrowing or revival of their loans, while clarifying that projects facing litigation in higher courts will not be covered under the scheme New Delhi: A day after announcing a Rs 25,000-crore stress fund for stalled housing …

Nirmala Sitharaman's support for realty indicates Narendra Modi govt's willingness to get into micro details to revive growth in other sectors
5 years, 2 months ago

Nirmala Sitharaman's support for realty indicates Narendra Modi govt's willingness to get into micro details to revive growth in other sectors

Firstpost  

The present decision to open a new window for finance is hence quite timely and should address to a large extent the woes of the real estate segment The improvement in the World Bank Doing business rank is just a statistic, but sounds good in the global context. The decision taken to create an Alternative Investment Fund for Rs 25,000 …

Nirmala Sitharaman’s announcement for housing: AIF for NPA-tagged projects is a great idea, but devil is in the detail
5 years, 2 months ago

Nirmala Sitharaman’s announcement for housing: AIF for NPA-tagged projects is a great idea, but devil is in the detail

Firstpost  

The big relief to the home buyers and developers in Sitharaman�s announcement is that the fund can be availed by even those projects that are tagged as NPAs by banks The Union Finance Minister Nirmala Sitharaman’s announcement that the government will take the initiative to set up a Rs 25,000 crore Alternative Investment Fund to lend a helping hand to …

Nirmala Sitharaman announces Rs 25,000 cr bailout fund to complete over 1,600 stalled housing projects
5 years, 2 months ago

Nirmala Sitharaman announces Rs 25,000 cr bailout fund to complete over 1,600 stalled housing projects

Firstpost  

In a major boost to the housing and real estate sector, the government on Wednesday approved setting up of a Rs 25,000 crore bailout fund to finance 1,600 stalled housing projects, the Finance Minister Nirmala Sitharaman said In a major boost to the housing and real estate sector, the government on Wednesday approved setting up of a Rs 25,000 crore …

Beneficiaries will occupy PMAY(U) houses by 2021: Puri
5 years, 2 months ago

Beneficiaries will occupy PMAY(U) houses by 2021: Puri

The Hindu  

All the 1.12 crore houses being constructed under the Pradhan Mantri Awas Yojana will be occupied by beneficiaries by early 2021, Union Housing and Urban Affairs Minister Hardeep Singh Puri has said. The minister said the government has so far sanctioned around 90 lakh houses which are being funded by the ministry and the number will go up to 1.12 …

From affordable housing to relief for exporters, key takeaways from Nirmala Sitharaman's press conference
5 years, 3 months ago

From affordable housing to relief for exporters, key takeaways from Nirmala Sitharaman's press conference

Firstpost  

Nirmala Sitharaman announced Rs 10,000 crore special window to provide last-mile funding for completion of ongoing housing projects which are not NPAs or facing bankruptcy proceedings under NCLT Union Finance Minister announced a slew of measures to boost export growth such as a new automatic refund system from October, RoDTEP scheme on export duties, mega annual shopping festival from March …

Special ₹10,000 crore window to extend funding to incomplete housing projects
5 years, 3 months ago

Special ₹10,000 crore window to extend funding to incomplete housing projects

Live Mint  

Finance Minister Nirmala Sitharaman today announced a number of measures to boost the housing and export sector. This includes a ₹10,000 crore special window to extend funding to incomplete housing projects. In recent weeks, the government has announced a slew of measures, including front-loading of public expenditure, and improved access to credit for businesses and capital infusion into state-run banks …

Real Estate Sector Budget 2019: Govt hikes tax break on interest paid on home loans to Rs 3.5 lakh for purchase of first house
5 years, 6 months ago

Real Estate Sector Budget 2019: Govt hikes tax break on interest paid on home loans to Rs 3.5 lakh for purchase of first house

Firstpost  

Nirmala Sitharaman raised tax deduction limit to Rs 3.5 lakh on interest paid on housing loan for the purchase of first home worth up to Rs 45 lakh. New Delhi: Finance minister Nirmala Sitharaman on Friday raised tax deduction limit to Rs 3.5 lakh on interest paid on housing loan sanctioned during this fiscal for purchase of first home worth …

Discover Related