”Affordability’ can be defined as the consumers’ ability to purchase but it is a relative term that could acquire different meanings under varying circumstances. Affordable housing refers to any housing that meets some form of affordability criterion. Housing is not a privilege but a right of every Indian. Every Indian deserves a happy house for his family. In tune with the right of housing of eve
ry Indian, the Government of India has introduced mega housing scheme which aims to provide housing to all by 2022 at affordable prices under Pradhan Mantri Awas Yojna. Pradhan Mantri Awas Yojna “Housing for All” gives you an opportunity for fulfilling the same to those families who don’t have a pucca house of their own in any part of India and household income of Rs. 3 Lacs for EWS and upto Rs.6 Lacs of Lower Income Group. Home Loan Interest rate rebate of 6% if you have annual household income of less than 6 lacs.
