After the recent changes in the Pradhan Mantri Awas Yojana (PMAY), the interest of the people has started increasing in it. The builders have also started promoting the scheme of cheap houses and the people who have taken advantage of the government’s interest subsidy are also excited.
Concerns related to real estate sector exist for both types of people to invest or earn a house for quick earning. There are many things like delay in possession and increase in supply of houses, which stand as a hindrance for this sector.
However, with the help of PMAY, some positive signs are expected for this sector if the builder can fulfill the promises like construction quality and timely possession.The government also needs to take care of things like the infrastructure status of cheap houses scheme.