5 Government-Backed Schemes That Encourage Property Investment in India
Planning for property investment in India can make you feel confused sometimes as there are many things attached to it and you're not the only one. Navigating the property market, balancing finances and legal paperwork, and picking the right location can be complex. Fortunately, the Indian government has rolled out several initiatives to ease prospective property buyers' paths. These programs are intended to support the real estate industry and encourage homeownership. Let's explore them to understand your investment options better. 1. Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) Building upon the original "Housing for All" mission, PMAY-U 2.0 aims to complete previously approved housing projects while expanding coverage to more urban middle- and lower-income groups. The updated version focuses on structured and timely affordable housing development through improved financial planning and strict deadlines. Major Benefits: Ensures a consistent supply of af...