All Posts in Category: Affordable Housing News

All you need to know about PMAY

All You need to Know about PMAY

Launched in June 2015, Pradhan Mantri Awas Yojana (PMAY) aims to fuel the concept of ‘housing for all’. Brought to action by the Narendra Modi government, this scheme proposes to build 2 crore houses by 2022 for the urban and rural population of India. The policy is meant to promote affordable housing for those belonging…

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How to Apply for Pradhan Mantri Awas Yojana

How to Apply for Pradhan Mantri Awas Yojana?

Are you looking to buy a home under the Union government’s Pradhan Mantri Awas Yojana (PMAY)? 99acres shares some important information pertaining to the eligibility criteria and online application under PMAY. Housing is a basic need that every citizen is entitled to. While the rich and the upper class can easily afford to buy their…

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FAQs on GST for the Real Estate sector

FAQs on GST for the Real Estate Sector

The revenue department has agreed to charge the GST on houses purchased under Credit-Linked Subsidy Scheme (CLSS) of Prime Minister Awas Yojna (PMAY) at the rate applicable upon affordable housing even if the house does not fall under the affordable housing criteria. The department recently released a list of FAQs (Frequently Asked Questions) on GST…

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Homebuyers Can Seek Refund if Flat Delayed Beyond 1 Year

In a relief to lakhs of aggrieved homebuyers who are forced to wait for possession of their flats for years, the apex consumer commission has quantified a time period of one year for delayed projects beyond which investors can claim refund from builders. Judicial forums, including Supreme Court and consumer courts, have repeatedly held that…

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Home Starting in Just Rs. 12.55 Lakh Onwards

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