The Prime Minister’s Office has called a meeting in New Delhi to review the government’s affordable housing programme. The government has set a target to achieve ‘Housing for All’ by 2022.
Sources said, the PMO has called realtors’ body CREDAI and NAREDCO to understand the problems faced by the developers in launching affordable housing projects.To give a boost to the real estate sector, the government accorded infrastructure status to the affordable housing segment in this year’s budget.
In December last year, Prime Minister Narendra Modi had announced interest subsidy of up to 4 per cent on loans taken in the new year under the Pradhan Mantri Awaas Yojana. Mr Modi had also said, 33 per cent more homes will be built for the poor under this scheme in rural areas.