PMAY is applicable for resale flats. The Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY-U 2.0) provides financial support to eligible families through Primary Lending Institutions (PLIs) for purchasing or building affordable homes. Importantly, this support is available not only for newly constructed houses but also for resale flats in urban areas. This provision allows more urban households to benefit from PMAY-U 2.0, making homeownership accessible even through pre-owned properties.
Is Pradhan Mantri Awas Yojana is Applicable for Resale Flat?
Yes, PMAY-U 2.0 is applicable for resale flats. The scheme will run for 5 years, from 1st September 2024 to 2029. It targets urban families from EWS, LIG, and MIG categories who do not own a pucca house anywhere in the country.
A beneficiary is considered a family consisting of husband, wife, and unmarried children. Income criteria are: EWS up to Rs. 3 lakh, LIG: Rs. 3 to 6 lakh, and MIG: Rs. 6 to 9 lakh per year. Eligible families can buy, build, or rent a house, including resale flat.
Thus, PMAY-U 2.0 helps eligible urban families access affordable housing, including resale flats. It provides financial support to make homeownership possible for those who do not yet own a permanent house. Hope this helps you.
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Is PMAY Applicable for Resale Flat?
Manoj77
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2025-08-21T15:58:57+00:00 2025-09-25T21:22:01+00:00Comment
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