Archive · 15 Jun 2025
Kerala Builders Seek PMAY Price Cap Revision to Address Rising Costs
Builders in Kerala want the government to change the rules for affordable housing.
They say the current price limit of ₹45 lakh is too low because building costs have gone up.
They are asking for the price cap to be raised.
This could help more people buy homes and help the construction industry.
Homes within the price limit pay a lower tax, so increasing the limit could make houses more affordable and encourage building.
Kerala builders are seeking a revision of the affordable housing price cap under the PMAY scheme.
The current price cap of ₹45 lakh, established in 2015, hasn't been revised.
Construction costs have increased by 30-35% post-COVID.
Homes within the ₹45 lakh cap qualify for a 1% GST, otherwise 5%.
A revision aims to benefit home buyers and stimulate the construction industry.
- Who
- Kerala-based builders, particularly the Confident Group.
- What
- Builders in Kerala are requesting a revision of the PMAY affordable housing price cap.
- When
- Published on June 15, 2025 (implied, based on publishing date of related article)
- Where
- Kerala.
- Why
- To make quality homes viable and stimulate the housing market.
- Scheme
- Pradhan Mantri Awas Yojana (PMAY)
- Price Cap
- ₹45 lakh (as of 2015)
- GST Rate (within cap)
- 1%
- GST Rate (above cap)
- 5%
- Builder
- Confident Group
- Construction Cost Increase
- 30-35% post-COVID
