Housing finance companies may miss out on festive demand
[hfe_template id='11223']
[ad_1]
(This story originally appeared in on Oct 11, 2024) Housing finance companies (HFCs) betting big on the Pradhan Mantri Aawas Yojana (PMAY) and Affordable Housing Refinance Scheme to prop up their mortgage books may not see a boom in demand this festive season as the schemes are yet to be rolled out. These specialised mortgage lenders are still awaiting implementation guidelines from the government to roll out the PMAY subsidy scheme, industry executives said. "We were hoping these schemes would be rolled out during the festive season - that is when we see most demand, but it's been more than a month and we are still awaiting execution guidelines for PMAY," said a senior official with a housing finance company. The government had said the PMAY scheme will be implemented from September 1, while the refinance scheme was to be implemented from October 1. But procedures to implement these schemes have not been communicated yet. ...