Archive · 24 Sep 2025
JM Financial: Existing Housing Schemes Performing Well
Imagine you want to buy a house.
According to Manish Sheth from JM Financial Home Loans, the existing government housing plans are doing well, and no new big changes are expected for now.
He says many people want to buy mid-range homes, which has tripled in demand in the past four years.
The government reduced taxes on cement, which should make building houses cheaper.
He also said investing in real estate is a good idea but suggests diversifying investments and consulting experts before investing.
JM Financial Home Loans CEO expects no new housing policy announcements this festive season.
Existing housing schemes are performing well, such as PMAY 2.0.
State-level housing programs are expected to yield results.
GST rationalization could reduce construction costs by 3-5%.
Company aims to scale its loan book to ₹5,000 crore within two years and to ₹10,000 crore by FY30.
- Who
- Manish Sheth, MD & CEO of JM Financial Home Loans.
- What
- Discussed the current state of the housing market.
- When
- September 2025, PMAY-U Awas Divas was held, according to the article
- Where
- Mentioned initiatives in Maharashtra and Delhi.
- Why
- To analyze the housing market, give insights on future growth and diversification in real estate investment.
- Source
- JM Financial Home Loans CEO
- PMAY 2.0 Sanctioned Homes
- 8.56 lakh
- Company's Loan Book Target (FY30)
- ₹10,000 crore
- GST on Cement Reduction
- From 28% to 18%
- Mid-segment housing demand growth
- Tripled in past four years