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New Phase of PMAY Launched: Understanding the Rules and Benefits of Credit Linked Subsidy Scheme

New Phase of PMAY Launched: Understanding the Rules and Benefits of Credit Linked Subsidy Scheme

Government Initiative Aims to Boost Affordable Housing The second phase of the Pradhan Mantri Awas Yojana (PMAY) has recently been launched, designed to provide financial assistance to eligible individuals through the Credit Linked Subsidy Scheme (CLSS). This initiative aims to make home loans more affordable, helping more citizens achieve their dream of homeownership. However, many […]

Luxury Homes Dominate India's Housing Market as Affordable Segment Struggles

Luxury Homes Dominate India’s Housing Market as Affordable Segment Struggles, Shift in Buyer Preferences Post-Pandemic

In the wake of the Covid-19 pandemic, India’s housing market has experienced a significant pivot towards luxury properties, leaving the affordable housing sector grappling with persistent challenges. Recent insights reveal that the affordable segment, particularly homes priced below ₹50 lakh, has been severely impacted by rising interest rates, escalating property prices, and dwindling supply. Affordable […]

Mumbai's 2024 Housing Lottery Draws Unprecedented Interest: Over 1.34 Lakh Applications Received

Mumbai’s 2024 Housing Lottery Draws Unprecedented Interest: Over 1.34 Lakh Applications Received

Massive Engagement Signals Strong Demand for Affordable Housing Mumbai, September 25, 2024: The Mumbai Housing and Area Development Board (MHADA) has reported an extraordinary response to its 2024 housing lottery, attracting 1,34,350 applications for just 2,030 available flats. With 1,13,811 applicants confirming their participation through the submission of the Earnest Money Deposit (EMD), this year’s […]