Centre Mulls Expanding Urban Housing Subsidies
Real Estate

Centre Mulls Expanding Urban Housing Subsidies

The central government is contemplating broadening the scope of housing subsidies for the urban poor under the Pradhan Mantri Awas Yojana (PMAY). This move aims to enhance accessibility to affordable housing solutions and improve living conditions for marginalised urban communities.

Currently, PMAY provides subsidies to economically weaker sections (EWS) and lower-income groups (LIG) for the construction and purchase of houses. However, the proposed expansion would extend subsidies to a wider demographic, potentially including middle-income groups (MIG), to address the diverse housing needs of urban residents.

The initiative aligns with the government's commitment to inclusive development and housing for all, aiming to bridge the affordability gap and promote homeownership among various socio-economic segments. By expanding the subsidy scope, PMAY seeks to empower more urban dwellers with the opportunity to own affordable and quality homes.

Additionally, widening the subsidy eligibility criteria could stimulate demand in the housing sector, boost construction activity, and create employment opportunities, thereby contributing to economic growth and urban development.

The deliberation on expanding housing subsidies reflects the government's responsiveness to evolving socio-economic realities and the need to tailor policies accordingly. It underscores a proactive approach towards addressing housing challenges and fostering sustainable urbanisation across India.

Overall, the potential expansion of housing subsidies under PMAY signals a significant step towards achieving the vision of housing for all and ensuring inclusive growth in urban areas.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

The central government is contemplating broadening the scope of housing subsidies for the urban poor under the Pradhan Mantri Awas Yojana (PMAY). This move aims to enhance accessibility to affordable housing solutions and improve living conditions for marginalised urban communities. Currently, PMAY provides subsidies to economically weaker sections (EWS) and lower-income groups (LIG) for the construction and purchase of houses. However, the proposed expansion would extend subsidies to a wider demographic, potentially including middle-income groups (MIG), to address the diverse housing needs of urban residents. The initiative aligns with the government's commitment to inclusive development and housing for all, aiming to bridge the affordability gap and promote homeownership among various socio-economic segments. By expanding the subsidy scope, PMAY seeks to empower more urban dwellers with the opportunity to own affordable and quality homes. Additionally, widening the subsidy eligibility criteria could stimulate demand in the housing sector, boost construction activity, and create employment opportunities, thereby contributing to economic growth and urban development. The deliberation on expanding housing subsidies reflects the government's responsiveness to evolving socio-economic realities and the need to tailor policies accordingly. It underscores a proactive approach towards addressing housing challenges and fostering sustainable urbanisation across India. Overall, the potential expansion of housing subsidies under PMAY signals a significant step towards achieving the vision of housing for all and ensuring inclusive growth in urban areas.

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000