Incremental PMAY allocation of up to 79,000 crore will give momentum to affordable housing and assist a wide range of homebuyers. It is anticipated that this allotted amount will address more than 55 percent of the estimated deficit in funds for projects that fall under the scheme.

The first important event that every Indian looks forward to at the start of every year is the Union Budget. Investing in real estate through the purchase of a home or in any other form has plenty of benefits like that of long term wealth creation, security as well as getting you tax benefits. Union Budget 2023 will be announced on February 1 by Finance Minister Nirmala Sitharaman.