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Enjoy affordable homes with new real estate reform

DNMUM402516 | 12/7/2017 | Author : Ravindra Sudhalkar | WC :662

PERSONAL FINANCE

India’s growing population indicates about 100 million affordable homes are required by 2022. High real estate costs, delayed timelines among others have pushed buyers away. Thus, affordable homes, fixing both the demand and supply gap of housing units, and the supply of budget-friendly finance have been key priorities for the government.
The twin-moves to offer subsidised home loans under Pradhan Mantri Awas Yojana (PMAY) and Real Estate Regulation Act (RERA) have put affordable housing on the top of agenda, while simplifying home buyer’s job of a home-buyer easier. This reformist outlook is paving the way for pocket-friendly homes and capital that will usher in accountability. The 12-year low mortgage rates, and subsidies
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