11-06-2024 04:42 PM | Source: PR Agency
Comment on PM's approval of extending PMAY to 3 crore more homes by Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

Below the Comment on PM's approval of extending PMAY to 3 crore more homes by Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd

 

"In a visionary move, the newly formed cabinet has approved the construction of an additional 3 crore rural and urban houses under the Pradhan Mantri Awas Yojana (PMAY). This decision reinforces the government's commitment to "housing for all" and introduces a significant enhancement: a higher eligible carpet area under the PMAY-Urban (PMAY-U) scheme, compared to the earlier Credit Linked Subsidy Scheme (CLSS).

By expanding carpet area eligibility, the government is addressing critical challenges faced by potential homebuyers in the affordable and mid-housing segments. This progressive step is expected to increase home ownership opportunities for urban and rural populations, ensuring broader access to housing and promoting socio-economic stability. The new scheme is poised to make a substantial impact on the housing sector, encouraging developers to prioritize affordable housing projects and ultimately boosting the overall housing supply in the country."

 

Above views are of the author and not of the website kindly read disclaimer