How To Buy House Under Pmay

Choose a lender who is listed with pmay you can avail a loan from any primary lending institution pli such as a bank or an nbfc.

How to buy house under pmay. However under pmay mig 2 category applicants are eligible for a subsidy of 3 on loan of upto rs 12 lakhs. The govt is planning to build around 2 crores of affordable houses by 2022 in a phased manner. You are planning to buy a house worth rs 50 lakhs. You have to log onto the official pmay website and click on the citizen assessment button. But before applying you must ensure that your lender is pmay approved.

You or any member of your family is not an owner of a pucca house. Married couples can apply for subsidy under individual or joint ownership of the property. Should i buy a house which is provided under pmay only. To avail the home loan subsidy you must be first eligible for it. The pmay online apply process is quite easy.

You can apply for a house which is provided under this scheme or you can buy a house from a project pvt where 30 of affordable houses in the project are ear marked for ews category or. The benefit can be availed not only on the purchase of a new resale house but also on the construction extension or improvement of existing kucha semi pucca houses. This way you can also enjoy pmay benefits as well as additional home loan benefits. Loans under pmay the pmay benefits can be availed if one wishes to acquire a new house from the developer or the builder and even for buying a house from the secondary market through repurchase. What is pradhan mantri awas yojana.

A pucca house is one which is made of high quality material. For the ews category and 60 sq. If you haven t applied to the pmay scheme yet then you can apply for pradhan mantri awas yojana online. In this post we will guide you on how you can avail subsidy under the pmay scheme. The central government aims to provide brick houses to the urban and rural poor under the pradhan mantri awas yojana pmay by the year 2022.

Credit linked subsidy scheme. Well you can build or buy as large a house as you wish but the pmay will only cover you for a carpet area of 30 sq. Get a house under pradhan mantri awas yojana in 21 days. The government has extended the deadline for the affordable housing clss till 31st march 2021. For the lig category.