Housing minister Prakash Mehta had announced that if developers are ready to construct a part of their sale component for affordable housing, as per Pradhan Mantri Awas Yojana guidelines, they’ll be eligible for loans at low-interest rates
The long list of conditions to comply with is trumping low-interest rate, and that’s why city builders are reluctant to accept the loans offered by Shivshahi Punarvasan Prakalp Limited (SPPL), a state government-owned company.
https://www.mid-day.com/mumbai/mumbai-news/article/too-many-conditions-apply-keeps-mumbai-builders-away-from-slum-loan-scheme-19573176
Source: Mid Day
