PMAY (Pradhan Mantri Awas Yojana) is a scheme launched by the government of India, with effect from 17.06.2015, to uplift the availability and affordability of houses despite of the inflated real estate sector. “Housing For All” being the objective, the scheme aims to construct 20 million houses across the country by 31st March 2022, paying its homage to Mahatma Gandhi on his 150th birth anniversary.
India being an economically moderate country, half the nation still struggles for a house of its own. Like, in Bhubaneswar, Odisha, which has a decade grown of 30.2%, has been able to see only 30% of them having a personal house, and the rest reside either on rent basis or have kuccha houses. Even to find flats on rent in Bhubaneswar is a big deal today. Having into consideration this very condition, Bhubaneswar has started its housing program to get to its people house or apartment under PMAY scheme. These are new SBI approved apartments planted in the prime locations of Bhubaneswar. Like for example, 2/3 bhk apartment near Hanspal is now easy to find and own. Many real estate companies, like Assotech have brought forth their new real estate projects like Cosmopolis, Cosmopolis 2, or Cosmopolis 2nd phase which are RERA registered and most importantly, budget friendly with the loan scheme of PMAY. So, if you spot a ‘flat for sale in Bhubaneswar’ poster next time, do not think twice. Get the key of your ‘own house’ with a helping hand from PMAY.