HUDCO, other housing stocks jump 9% after govt greenlights 3 crore additional houses under PMAY
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Shares of housing finance and infrastructure project firms surged up to 9% in Tuesday's trade on the BSE after the newly formed NDA government, in its first cabinet meeting on Monday, decided to provide assistance to 3 crore additional rural and urban households for the construction of houses, to meet the housing requirements arising out of the increase in the number of eligible families. "A boost for ‘Ease of Living’ and dignity for crores of Indians! The cabinet has decided to further expand the Pradhan Mantri Awas Yojana and construct 3 crore additional rural and urban houses. This decision underscores the government's commitment to addressing the housing needs of our nation and ensuring that every citizen leads a better quality of life. The expansion of PMAY also highlights our government's commitment to inclusive growth and social welfare," said Prime Minister Narendra Modi. Following this development, Home Firs...