Cabinet approves the increase in carpet area for homes under PMAY

PMAYBy Accommodation Times Bureau


Under the Pradhan Mantri Awas Yojana – Urban programme lakhs of middle-class homebuyers will be benefited with better interest subsidy and upgrading the quality and size of their housing units.

For medium income group (MIG) flats eligible for subsidy under the Credit-Linked Subsidy Scheme (CLSS) is been increased.

The Government is worried a lot as neither middle-income group people nor private operators have shown interest in the PMAY (urban). The carpet area of a housing unit is its actual usable area, enclosed within its walls.

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