It is a great move by the government to increase the PM Awas Yojana outlay by 66 percent to ₹79000 crore. Increasing the budget allocation for Pradhan Mantri Gramin Awas Yojna is in line with the government’s long-term vision of achieving housing for all. Pradhan Mantri Awas Yojna promised pukka houses for everyone in the country by 2024 and the increased budget allocation will help more citizens achieve their dream of living in their own houses. This is a big announcement in the affordable housing segment and can be a game changer for the housing real estate sector. This will increasingly boost the market sentiments, both for the consumers as well as real estate developers and consultants.
