Pradhan Mantri Awas Yojana ( PMAY)
Making a home an affordable reality is no longer out of our control. The government of India, through Pradhan Mantri Awas Yojana from here on PMAY scheme, with an intent to provide housing for all has taken a giant leap.
Imagine getting an interest subsidy of up to 2.67 Lacs on your home loan. Well, PMAY makes this possible. All you have to do is qualify as per the rules and guidelines floated under it.
The interest subsidy rate provided under the scheme is up to 6.5% on home loans however there are Income Slabs that define the procurement of this facility.
Up to 6 Lacs per annum- Credit linked subsidy of 6.5% for loan amount up to 6 Lacs.
Up to 12 Lacs per annum- Subsidy of 4% for loan amount up to 9 Lacs.
Up to 18 Lacs per annum- Subsidy of 3% for loan amount up to 12 Lacs.
Under the PMAY scheme, differently-abled or senior citizens can get the preference of having their home on the ground floor.
Also, housing development will take place under sustainable and eco-friendly technologies.
Shiva Builders and Developers by offering affordable luxury spaces present an opportunity to its buyers to avail benefits from this Government Scheme. Home Loans can be taken from leading banking and financial institutions for all our projects. The idea is to lessen the burden of EMI’s for the loan availed. All our projects comply with the guidelines furnished by PMAY and buyers can look to avail the housing loan under this scheme.*
*Subject to adherence to all the requirements listed under the various brackets within the scheme.