Aditya Birla Housing Finance backs PMAY 2.0

Aditya Birla Housing Finance Limited (ABHFL), a wholly owned subsidiary of Aditya Birla Capital Limited, has strengthened its participation in the Pradhan Mantri Awas Yojana–Urban (PMAY-U) 2.0, reaffirming its commitment to the Government of India’s ‘Housing for All’ vision. Through PMAY-linked home loan products, the company aims to make homeownership more accessible for eligible first-time buyers across urban India.

ABHFL’s offerings under the scheme include home loans of up to Rs. 25 lakh or up to 90 per cent of the property’s market value, with repayment tenures extending up to 30 years to ensure affordable monthly instalments. Flexible eligibility norms and simplified documentation have been introduced for beneficiaries in the EW Section, Low Income Group and Middle Income Group categories.

As per the scheme norms, eligible properties should have a value of up to Rs. 35 lakh and a carpet area not exceeding 120 square metres. The scheme is applicable only to first-time homebuyers, with women required to be owners or co-owners of the property. Annual household income limits are capped at up to Rs. 3 lakh for EWS, Rs. 3 lakh to Rs. 6 lakh for LIG, and Rs. 6 lakh to Rs. 9 lakh for MIG households.