The housing and urban affairs ministry on Tuesday increased the carpet area of houses eligible for interest benefit under the PM Awas Yojna (PMAY) for the middle-income group (MIG) by 33%. While such a large apartment may not be within reach of someone earning Rs 18 lakh in Delhi or Mumbai, the decision is aimed at expanding the beneficiaries in tier three and four cities and small municipal and development areas, where housing cost is much lower.
read the full story about PM Awas Yojna: Govt raises carpet area up to 2,100 sq ft for interest sop
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