Question: Can beneficiary hold more house than one in PMAY scheme? What are the rules for buying a second flat in the same apartment after a year of buying the first one? The builder says that he cannot sell the property to one person holding a flat in the apartment as the apartment comes under PMAY scheme of affordable houses. What are the rules of the PMAY scheme for affordable houses? Can I buy two flats in the same apartment ?
Asked from: Maharashtra
PMAY scheme for affordable houses is an initiative of the government of India to provide affordable housing to the urban poor. Due to low interest rate and subsidy by the government the beneficiary is not entitled to hold more house than one. Thereby, beneficiary cannot hold more house than one in PMAY scheme?