Government Housing Schemes

It is important to understand PMAY benefits before going on to its application procedure. Primarily, this scheme offers a subsidy on the interest rate of home loans availed.  Some of the benefits of PMAY are discussed below – Housing for all : This scheme aims to provide housing to every citizen of India who does not have a concrete roof over his/her head. Consequently, it is also divided into different segments for urban as well as rural areas of India. Subsidy according to income : This initiative takes into account different income groups and grants subsidy to them accordingly. Furthermore, the income of a household is checked, which ensures that the economic condition of a family is taken into consideration. Women and minority benefits : PMAY offers a subsidy to minorities as well as women. In the case of EWS individuals, it is mandatory to have a woman as a joint owner. This ensures that every individual of this socio-economic group has a roof

According to the Real Estate Regulation and Authority Act 2016, every state of India is required to have its own regulatory body to supervise the real estate sector and implement the regulations of the Act. RERA came into effect on March 2017 and the first Indian state to incorporate this real estate authority was Maharashtra. The authoritative body which regulates housing and real estate related disputes in this state are referred to as Maharashtra Real Estate Regulatory Authority or MahaRERA . With the help of this Act, the state of Maharashtra aims to encourage the growth of its real estate industry. MahaRERA registration process You can register under Maharashtra Real Estate Regulatory Authority by following these steps – Visit the official website of RERA Maharashtra and click on ‘New Registration.’ Once you are redirected to a new page, you need to select among the several options, such as citizen, agent, and promoter, under the ‘User Type’ drop-down