Posted 10 Sep, 2019 | Finance
What Are Some Good Govt. Schemes For First Time House Buyers?Add Answer
Maharashtra Housing and Area Development Authority, also known as MHADA, provides affordable housing property via a lottery system.
Pradhan Mantri Awas Yojana, also known as PMAY, provides subsidised home loans to the economically weaker sections, lower-income group and middle-income group people. PMAY has been selected as the top govt housing scheme In India for house buyers.
Such Huda housing schemes aim to provide affordable housing to the people of Haryana. It targets the economically and socially weaker sections of the place.
There is other affordable housing scheme Government of India has launched, such as Kerala Housing Board. It provides home loans at a subsidised interest rate to the residents of Kerala for the purchase of their home.