Good news is coming for New home buyers
Giving a major relief to homebuyers, the Modi government today announced that the benefit of interest subsidy of about Rs 2.60 lakh on home loans under the Pradhan Mantri Awas Yojana (Urban) will now be available for beneficiaries belonging to the Middle Income Groups (MIG) for 15 more months beyond December this year till March 2019.
This was announced by Durga Shanker Mishra, Secretary (Housing & Urban Affairs), Government of India, while addressing the ‘Real Estate and Infrastructure Investors Summit’, organized by NAREDCO, in Mumbai today. He said that the government had decided to give more time for MIG beneficiaries to avail interest subsidy under PMAY(Urban).
It may be recalled that Prime Minister Narendra Modi, on 31st December last year, had announced that the Credit Linked Subsidy Scheme (CLSS) under PMAY(Urban) to MIG will be applicable till the end of December this year.
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