Modi Cabinet broadens PMAY, pledges support
for 3 crores additional homes

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Housing finance stocks rise as Modi Cabinet approves additional houses

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Overall, 4.21 crore houses were built under PMAY housing schemes in the past decade.

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Following the PMAY, Aadhar Housing Finance shares on NSE were trading at ₹396, up 2.71%.

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2 crores more houses to be built under (PMAY-G) scheme and 1 crore under PMAY-Urban scheme

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Reliance Home Finance (+4.84%), Aavas Financiers (+6.61%), GIC Housing Finance (+7%), and PNB Housing Finance (+2.88%) surged

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HUDCO surged 5.7% to ₹282.5, reaching an intraday peak of ₹289.9. NBCC gained 7.1% from construction-related activities

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Modi Cabinet broadens PMAY, pledges supportfor 3 crores additional homes