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.

This article intends to explore the relationship between the implementation of the Smart City Programme and what that could mean for the real estate sector. This would mean dissecting the Smart City proposal, understanding what it entails and how it’s likely to impact an urban Indian’s capacity to purchase a home - to both live in, and invest in.

All you need to know about the PMAY and how could you benefit from it.

The Mumbai Metropolitan Region alone hosts around 24 million residents and shares title of ‘one of the most densely populated regions’ with cities like Karachi, Jakarta, Shanghai and Tokyo! The new micro-housing, which is also known as studio apartments or nuclear houses, is a trend copied from cities like Hong Kong and Tokyo, where the capitalistic markets make the land unimaginably pricey since it is limited.

The new rules will be effective from January 1, 2017, the date on which the scheme became operational.

The government is working towards ensuring that every Indian has a home by 2022, when India will celebrate its 75 years of Independence.

The Prime Minister Awas Yojana has ambitious targets. Has it met them?

As per the PMAY website, 24.9 lakh people have registered online, while 12.2 lakh applicants were found eligible for a house under the scheme.

Puri is the current MoS of the Ministry of Housing and Urban Affairs.

Reports state that the affordable housing segment in India is set to grow at a faster pace than the rest of the real estate industry.