From subsidised home loans to GST cuts: What is government doing to make homes more affordable?
The government launched PMAY-U 2.0 to support one crore additional urban households. Affordable rental housing complexes will provide accommodation for urban migrants and workers. Cheaper home loans offer interest subsidies for eligible households with incomes up to nine lakh. GST rates on key building materials were rationalized to reduce construction costs. Specialized home loan products are being developed for informal sector workers.
The government launched PMAY-U 2.0 to support one crore additional urban households. Affordable rental housing complexes will provide accommodation for urban migrants and workers. Cheaper home loans offer interest subsidies for eligible households with incomes up to nine lakh. GST rates on key building materials were rationalized to reduce construction costs. Specialized home loan products are being developed for informal sector workers.
