What Are Some Good Govt. Schemes For First Time House Buyers? - Letsdiskuss
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Posted 10 Sep, 2019 |

What Are Some Good Govt. Schemes For First Time House Buyers?

Naina Kapoor

Financial Consultant | Posted 10 Sep, 2019

The Government of India has introduced Govt housing schemes to provide affordable housing to all. There are various programmes that you can consider while you are planning to purchase a home. Some of which top government house buying scheme are given below:

    1. MHADA:

Maharashtra Housing and Area Development Authority, also known as MHADA, provides affordable housing property via a lottery system.

    2. PMAY:

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.

    3. HUDA:

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.