Q:Yes, you can avail an interest rate subsidy under the Pradhan Mantri Awas Yojana Scheme if your annual income is above Rs. 6 lakh and up to Rs. 18 lakh per year. If eligible for the interest subsidy, you have to apply with your lenders for availing the benefit. To be able to do that, you should not own a house in your name. To know all details about PMAY (Pradhan Mantri Awas Yojna). Contact IMGC
Latest Answer: To avail the benefits of Pradhan Mantri Awas Yojana (PMAY), you must fulfill the eligibility criteria as per the scheme guidelines. One of the key eligibility criteria is that you should not own a pucca house in your name or in the name of any member of your family.
If you have already registered and taken possession of a flat, it is assumed that you have become the owner of the house, and thus may not be eligible for the PMAY scheme. However, if you had booked the flat on or before the launch of the PMAY scheme and fulfill all other eligibility criteria, you may still be eligible to apply for the scheme.
Therefore, it is recommended that you consult with the PMAY officials or your lender for specific details regarding your eligibility for the scheme. They will be able to provide you with the most accurate information and help you with the process.
Q:Local private equity fund Multiples Alternatives, along with some former senior bankers, will invest over Rs.100 crore in Mumbai based housing finance co.Vastu Housing Finance Corp.
Latest Answer: Hi folks,
I heard that this start-up, with a new management and strong capital base, will use technology to reach out to potential customers and made sure a smooth loan distribution. The company will now build the sales force, the team and branch network another time, and in its new incarnation, it is expected to have a loan book of Rs 6,000 crore by 2016.