Affordable Housing

Maharashtra has shattered national records by becoming India's first state to achieve 100% PMAY target completion - sanctioning 30 lakh homes and investing ₹80,000 crore in transforming lives across the state.

Real estate veteran Niranjan Hiranandani explains why affordable housing still struggles, how RERA reshaped the sector, and which Indian cities are set for the next real estate boom.

Discover the best affordable places to buy a home in Delhi-NCR in 2025. Explore New Ashok Nagar, Khanpur, Dwarka L Zone & more for budget-friendly living.

Looking for affordable housing in Mumbai? Discover the top 5 budget-friendly projects launching in 2025 offering 1BHK and studio apartments under ₹45 lakh. Explore PMAY benefits, metro connectivity, smart amenities, and great rental returns across Ghatkopar, Bandra, Kurla & more.

To tackle housing demand and clear unsold inventory, MHADA’s Konkan Board has launched a bold campaign, bringing affordable homes closer to reality for MMR buyers. Here’s what it means for you.

The Rural Development Ministry allocated 3.8 million houses under PMAY-G for FY25, part of a 5-year plan to build 20 million homes and transform rural housing in India.

The GST Council's GoM proposes increasing the affordable home price barrier from ₹45 lakh to ₹55 lakh. If authorised, this might help budget homebuyers by matching GST incentives with growing property prices and increasing housing accessibility throughout India.

To promote affordable housing in India, the government has quadrupled the financial allocation to ₹10 lakh crore under the PMAY Urban 2.0 scheme. This extra funding is intended to boost affordable housing, especially for individuals relocating to cities for better jobs.

Many middle-class Indians are losing their goal of home ownership as property prices rise, making affordable homes scarce. With the average property costing ₹1.2 crore to ₹1.4 crore, homeownership is becoming increasingly difficult to achieve.

The Pradhan Mantri Awas Yojana (PMAY)'s financial assistance for 30 million more housing units will boost affordable housing and move closer to the government's goal of housing for all.

In Mumbai, where 40% live in slums, finding a house is difficult. Despite government pledges, many slum redevelopment programmes are unfinished or controversial. Example: Hari Nagar-Shivaji Nagar SRA Housing Society.

The government's newest proposal in the Interim Union Budget for 2024-25 offers a comprehensive strategy to empower worthy middle-income people. Tenants in chawls, slums, and unauthorised colonies are being offered a chance to buy or build their own houses. A wider approach to improve quality of lif

The Union Cabinet has extended the Pradhan Mantri Awas Yojana (Urban) till December 2024. This decision, announced in an official statement, extends the June 2015 plan. The original March 2022 'Housing for All' Mission aims to provide pucca dwellings to all qualified urban inhabitants.

Homebuyers are encouraged by rising house affordability in key Indian cities. The percentage of income needed to pay monthly home loan payments has reduced despite rising mortgage rates over the last year.

Gurugram, known for its modernism and progress, will get another iconic housing project. Signature Global, a real estate giant, bought a 25.75-acre plot in Fazilpur. On this freshly purchased site, the business plans to develop an ambitious group housing project to raise the standard.