Interest SOP for Homes up to 2,100 SQ FT

In a move that could benefit homebuyers in tier 3-4 cities, the Union housing and urban affairs ministry has raised the carpet area if houses eligible for interest benefit under the PM Awas Yojna for the middle –in-come group by 33%, reports Dipak Dash.  So, if your annual income is up to Rs. 18 Lakhs, you can avail of Rs. 3.3 lakhs upfront interest subsidy even to buy a 2,100 sq ft flat. The interest subsidy under PMAY is available for three categories of first time homes buyers.In a move that could benefit homebuyers in tier 3-4 cities, the Union housing and urban affairs ministry has raised the carpet area if houses eligible for interest benefit under the PM Awas Yojna for the middle –in-come group by 33%, reports Dipak Dash.  So, if your annual income is up to Rs. 18 Lakhs, you can avail of Rs. 3.3 lakhs upfront interest subsidy even to buy a 2,100 sq ft flat. The interest subsidy under PMAY is available for three categories of first time homes buyers.