What is Affordable Housing Scheme? Affordable housing refers to those housing units that are affordable for those people who have income below the average household income. In India, affordable housing is provided to lower income group (also known as LIG), people with middle income and economically weaker sections (also known as EWS) who have considerably…
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The government launched the ‘Pradhan Mantri Awas Yojana’ scheme with the mission that every Indian household should have a apna ghar by 2022. Under the scheme, home loan interest subsidy can be availed by individuals if they meet the necessary criteria. The interest subsidy is provided under the Credit Linked Subsidy Scheme (CLSS). What…
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Pradhan Mantri Aavas Yojana (PMAY – Urban), also known as Housing for All. An initiative launched by the Government of India to provide affordable housing to the urban poor. The plan will be implemented in more than 300 cities in India. Surat is amongst the 300 cities. The response to the PMAY scheme has been…
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When you buy a new house you will quickly realise that buying a home is not a cheap process. With the down payment, the home inspection and the loan approval process you can wipe out all your savings even before you get the keys of your new home. These expenses can be difficult to control…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.