Houses under PMAY to have lock-in period of five years

Houses under PMAY to have lock-in period of five years

NEW DELHI: Those who have bought the houses profiting advantages of Pradhan Mantri Awas Yojana (PMAY) won’t have the capacity to offer properties inside five long periods of its purchasing. Government will before long present arrangement of ‘secure’ time of five years for the houses obtained under PMAY. Authorities guaranteed this is being done to keep away from any abuse of the administration plot. There are worries that individuals purchasing properties under the plan may auction their properties at higher rates to win undue advantages. Individuals get endowment as credit at less expensive rates for purchasing properties under PMAY conspire. A senior authority of the urban issues service said that in an ongoing gathering the issue was talked about in […]

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