Affordable housing

Timelines
GST rate on affordable housing slashed from 8% to 1%

24 Feb 2019

GST rate on affordable housing slashed from 8% to 1%

In a big favor to home buyers, the GST Council, on Sunday, slashed GST on affordable housing to 1%, down significantly from the previous 8%.

CIDCO announces lottery for 14,838 affordable apartments in Navi Mumbai

11 Aug 2018

CIDCO announces lottery for 14,838 affordable apartments in Navi Mumbai

The City and Industrial Development Corporation (CIDCO), a state planning agency, today announced a lottery for 14,838 affordable apartments in the Navi Mumbai area.

New GST rate on house purchases for CLSS eligible buyers

27 Jan 2018

New GST rate on house purchases for CLSS eligible buyers

The GST rate on buying houses has been reduced to 8% from the existing 12% for house purchases made under the credit-linked subsidy scheme (CLSS) under the Pradhan Mantri Awas Yojana (PMAY) Urban.

Arun Jaitley talks GST, Bharatmala, affordable housing and more

24 Oct 2017

Arun Jaitley talks GST, Bharatmala, affordable housing and more

At a press conference, Finance Minister Arun Jaitley reiterated the government's commitment to infrastructure development, affordable housing, a strong banking sector and more.

SBI cuts interest rate on home loans to 8.6%

09 Jun 2017

SBI cuts interest rate on home loans to 8.6%

SBI has now slashed down the interest-rate of home loans above Rs. 75 lakh by 10 basis points. From June 15, the rate for the same will be 8.55-8.6%.

SBI home loan interest rates slashed by 0.25% from tomorrow

08 May 2017

SBI home loan interest rates slashed by 0.25% from tomorrow

SBI has announced a 0.25% cut in interest rates for affordable home loans under Rs. 30 lakh.

"Affordable" housing for all: Banks cut lending rates

02 Jan 2017

"Affordable" housing for all: Banks cut lending rates

´╗┐Following PM Narendra Modi's affordable housing announcement, home loan rates fell to their lowest in six years.