Govt’s PMAY subsidy scheme

A Home with up to ₹2.67 Lakhs Saving With Pmay Subsidy

PMAY – A Beneficial Government Scheme For First Time Home Buyers

Pradhan Mantri Awas Yojana (PMAY) is a highly advantageous government scheme for the buyer who is purchasing his/her first house. This government scheme for first time home buyers aims to lessen the financial burden on the homeowners by providing a subsidy of up to 2.67 lakhs in the purchase of their first house.

Vaastu complaint affordable homes

The Pride
Of Buying A Home By Saving Lakhs With PMAY Subsidy

Buying a home has now become easy with the Govt’s PMAY subsidy scheme. Now you can get a subsidy of Rs. 2.67 lakhs on your first home purchase. This will help reduce your burden of a loan.


Your chance to buy your dream home is now.

Who is Eligible for this First time home buyer scheme benefit?

This First time home buyer scheme benefit is based on the family income and the subsidy provided are 6.5% for Income group EWS & LIG, 4% for MIG-I and 3% for MIG-II. There are two components of this government scheme, the Urban population comes under Pradhan Mantri Awas Yojana (Urban) (PMAY-U) and the rural segment would benefit from Pradhan Mantri Awaas Yojana (Gramin) (PMAY-G and also PMAY-R). To avail of the benefits under this Government Scheme, the homeowner has to provide the documents such as the family income details, Aadhaar Card details, etc. Once the home loan requested by the homeowner is approved by the respective bank and the PMAY application is approved by the Government, the bank would receive the subsidy from the Government. This, in turn, will be passed on to First time home buyers and their EMIs will decrease accordingly.

Jasmine Springs - One of the Most Sought After PMAY Projects in Chennai

This venture of Urbanrise, a dream PMAY project in Chennai is located in the beaming stretch of OMR. This visionary venture of the most trusted real estate developer offers first-time homeowners huge savings on owning a house and helps them realize their dream of becoming a house owner with an investment as little as 9 lakhs. The details are provided below for reference:


Jasmine Springs, the prestigious gated community in OMR can be rightly called as a boon for the first time home buyers due to the many benefits like –

  • PMAY Subsidy of up to 2.67 lakhs entitling you for a Never before Price. Own your Studio apartment in less than 9 lakhs and Own a 2 BHK in less than 22 lakhs.
  • Superior quality Mivan Construction with the extremely fine finish; leak-proof & earthquake-resistant building.
  • Flats with different specifications to suit every unique requirement of the home seeker – Studio Apartment, 1 BHK Apartment, 2 BHK Apartment with 2 different layouts.
  • Prime location in the IT Corridor attracting around 3+ Lakhs IT employees in the SIPCOT IT Park, CTS, Polaris, TCS, Accenture, and Elcot SEZ.
  • Every requirement of a home buyer is addressed - Apartment situated close to many reputed educational institutions, medical centers, and recreational facilities.
  • A wide range of World-Class Amenities in the closed quarters of the community - 5 Star rated Club House, Fully Equipped Gym, All Indoor and Outdoor game courts, Play area for kids, etc.
  • Guaranteed Safety of living in a secure Gated Community with 24 Hr Surveillance.

How to Claim the PMAY subsidy easily?

Urbanrise assists in every step of the process to claim your PMAY subsidy easily. Get all the required documents by just placing a request for the same and fast track the process of approval. Urbanrise provides you with all the concerned credentials required, such as the Sale Agreement, Allotment letter, Receipt of Payment, etc., as specified by the Government scheme.

Become a proud homeowner today with the PMAY Subsidy and avail up to 2.67% subsidy in the purchase of your first home. Select from the different plans available to suit your specification and move into a futuristic community which fulfills all your dreams.

Floor Plans Details here
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