Government Schemes

The information below reflects commonly available schemes and tax provisions under Indian law as generally understood. Tax rules change with each Union Budget and scheme eligibility varies by state and individual circumstances — please verify current details with your bank, chartered accountant, or the relevant official government portal before relying on any of the below. This page is not tax or legal advice.

1. Pradhan Mantri Awas Yojana (PMAY)

A central government scheme aimed at making housing affordable, offering interest subsidies on home loans for eligible buyers under:

• EWS/LIG (Economically Weaker Section / Lower Income Group)
• MIG-I and MIG-II (Middle Income Group)

Eligibility depends on annual household income, whether you or your family already own a pucca house, and other conditions. Check current status and eligibility at the official PMAY portal.

2. Home Loan Tax Benefits

• Section 80C — Deduction on principal repayment of a home loan, up to ₹1.5 lakh per year (within the overall Section 80C limit, which also covers other investments like EPF, PPF, ELSS, etc.).
• Section 24(b) — Deduction on home loan interest paid, up to ₹2 lakh per year for a self-occupied property.
• Section 80EEA — Additional interest deduction (subject to conditions on property value, loan amount, and being a first-time buyer) for affordable housing purchases, over and above Section 24(b), where applicable and currently in force.

(Note: these limits and sections are commonly cited provisions and are subject to change by the Finance Act each year — confirm current applicability with your CA before claiming.)

3. Stamp Duty Concessions

Several state governments offer a stamp duty rebate (commonly 1-2%) when a property is registered in a woman's name, either solely or jointly. Rates and eligibility vary by state — check with your state's registration department or your builder's documentation team for the current rate in [State/City].

4. GST on Under-Construction Property

GST applies to under-construction properties at rates that differ for affordable vs. non-affordable housing categories, and do not apply to ready-to-move-in properties with a completion certificate. Ask your sales representative for the applicable GST treatment on any specific project.

5. RERA Protection

All our listed projects are registered under the Real Estate (Regulation and Development) Act, 2016 (RERA), which protects buyers through mandated disclosures, escrow-based fund usage, and defined possession timelines. You can verify any project's registration on your state's official RERA website.

Have questions about what you're eligible for? Our team can walk you through the schemes relevant to your specific purchase — Contact Us or call [Contact Phone Number].