Over 1.65 lac benefits under CLSS vertical of PMAY (U)

By Accommodation Times Bureau DELHI The Credit Linked Subsidy Scheme (CLSS) Vertical has shown progressive performance with over 1,65,000 beneficiaries benefitting from this Scheme during 2015-18.  This is a huge jump in the number of beneficiaries from the earlier comparable interest subsidy scheme between 2008-2013 which was only 18,166, said Ministry of

Cabinet approves Extension of tenure of loans under the Credit Linked Subsidy Scheme (CLSS) of Pradhan Mantri AwasYojana (PMAY) from 15 to 20 years

By Accommodation Times Bureau The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given ex-post facto approval to the proposals for (i) Extension of tenure of loans under the Credit Linked Subsidy Scheme (CLSS) vertical of Pradhan MantriAwasYojana (Urban) Mission from 15 to 20 years (to be renamed as

Frequently Asked Questions on Credit Linked Subsidy Scheme (CLSS) under Housing for All (Urban) Pradhan Mantri Awas Yojana

By Accommodation Times News Service Q1. Organizations such as the National SC Finance Development Corporation and others involved in financing for ST/OBC/ Minority / Handicapped beneficiaries should also be involved in financing of Housing for All (HFA) Mission. Answer: NHB is to examine the Memorandum of Association (MoA) of these organisations to

PMAY a boost to Indian Economy

 By Rohit Sharma Pradhan Mantri Awas Yojana (PMAY) Urban or Rural with Public-Private Partnership (PPP) model has boosted Real Estate with help government initiative many developers and builder which use to deliver luxury projects now with this they have jumped to the affordable housing market. In an exclusive interview with Hardeep Singh

Constructive Move to Accomplish Goal of ‘Housing for All by 2022’: Dr Niranjan Hiranandani

By  Dr. Niranjan Hiranandani, CMD, Hiranandani Communities MUMBAI Recently, the Reserve Bank of India (RBI) announced a policy decision, revising housing loan limits for Priority Sector lending (PSL) eligibility, from the existing Rs. 28 lakh to Rs. 35 lakh in metros, and from Rs. 20 lakh to Rs. 25 lakh in other

Increase in Carpet Area to impact NCR, MMR and Bengaluru

By Dr. Niranjan Hiranandani, CMD, Hiranandani Communities MUMBAI The Pradhan Mantri Awas Yojana (PMAY) is an initiative through which the Indian Government aims to provide ‘Housing for All by 2022’. The Government has come up with various incentives which work as ‘sweeteners’ for the home seeker, the latest being increase in carpet

National Urban Housing Fund created

By Accommodation Times Bureau The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given approval for creation of National Urban Housing Fund (NUHF) for Rs.60,000 crores.  This fund will be situated in Building Materials and Technology Promotion Council (BMTPC), an autonomous body registered under the Societies Registration Act, 1860

Recommendations made by the GST Council for the Housing Sector to promote Affordable Housing

By Accommodation Times Bureau In its 25th Meeting held on 18th January, 2018, the GST Council had made several important recommendations for the Housing Sector which have come into force with effect from 25th January, 2018. The recommendations are expected to promote affordable housing for the masses in the country.   One of the important recommendations made