Government May Lower Income Cap for PMAY Urban Homes
Real Estate

Government May Lower Income Cap for PMAY Urban Homes

The Indian government is contemplating a reduction in the income cap for beneficiaries under the Pradhan Mantri Awas Yojana (PMAY) in urban areas. This potential change aims to make affordable housing more accessible to a larger segment of the population, addressing the needs of lower-income households in rapidly growing cities.

Currently, PMAY provides subsidies for housing to economically weaker sections (EWS) and lower-income groups (LIG) in urban regions. The proposed adjustment to the income ceiling would expand eligibility, enabling more families to benefit from government subsidies and incentives. This move aligns with the government's broader objective of increasing homeownership and improving living standards across urban areas.

If implemented, the revised income cap is expected to impact numerous potential homeowners, facilitating their access to affordable housing options. This change comes in response to the escalating real estate prices and the growing demand for subsidised housing solutions in urban centres.

By making more people eligible for PMAY benefits, the government hopes to bridge the gap between housing supply and demand, contributing to the development of inclusive and sustainable urban environments. The revised income criteria would reflect the evolving economic landscape and support the ongoing efforts to enhance affordable housing accessibility for the urban poor.

This policy shift underscores the government?s commitment to addressing housing challenges and ensuring that more citizens can secure affordable and quality housing in bustling urban areas.

The Indian government is contemplating a reduction in the income cap for beneficiaries under the Pradhan Mantri Awas Yojana (PMAY) in urban areas. This potential change aims to make affordable housing more accessible to a larger segment of the population, addressing the needs of lower-income households in rapidly growing cities. Currently, PMAY provides subsidies for housing to economically weaker sections (EWS) and lower-income groups (LIG) in urban regions. The proposed adjustment to the income ceiling would expand eligibility, enabling more families to benefit from government subsidies and incentives. This move aligns with the government's broader objective of increasing homeownership and improving living standards across urban areas. If implemented, the revised income cap is expected to impact numerous potential homeowners, facilitating their access to affordable housing options. This change comes in response to the escalating real estate prices and the growing demand for subsidised housing solutions in urban centres. By making more people eligible for PMAY benefits, the government hopes to bridge the gap between housing supply and demand, contributing to the development of inclusive and sustainable urban environments. The revised income criteria would reflect the evolving economic landscape and support the ongoing efforts to enhance affordable housing accessibility for the urban poor. This policy shift underscores the government?s commitment to addressing housing challenges and ensuring that more citizens can secure affordable and quality housing in bustling urban areas.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?