Government Housing Schemes

The Government of India has come up with different schemes to provide affordable housing to Indian citizens. It is aiming to build approximately 2 crore houses through such schemes. Among the government housing schemes, you can directly benefit from the following – Pradhan Mantri Awas Yojana Pradhan Mantri Awas Yojana or PMAY intends to provide housing for every citizen by the year 2022. According to one’s income, they can apply as beneficiaries under LIG, EWS, MIG 1, and MIG 2 categories. Individuals who want to purchase a house should apply for a home loan and easily avail interest subsidy through this central government housing scheme . Maharashtra Housing and Area Development Authority scheme Among the government housing schemes for housing, the Maharashtra Housing and Area Development Authority Scheme or MHADA operates via a lottery system to provide affordable houses. This scheme aims to provide affordable houses to citizens belonging to different income group by ...

With the increase in the price of properties in the capital city, Pradhan Mantri Awas Yojana Delhi has already started 15 housing projects which comprise of essential facilities like water supply, security, electricity and recreation grounds. The price of these apartments begins from Rs.12.80 lakh. Registration process PMAYG registration can be done both online and offline. To apply online, one needs to visit the official PMAYG  website and fill up the necessary details. On entering the Aadhaar card number, an application form with personal information needs to be filled. Finally, an application number is provided to the applicant. For offline registration, one can visit any PMAY listed financial institution; he/she should carry their source of income proof. As soon as the approval is received, one can start to choose a property and finalise the deal. PMAY benefits Senior citizens and specially-abled people can access the ground floor flats. The houses are buil...

The Pradhan Mantri Awas Yojana (PMAY) policy promotes the idea of ‘housing for all,’ aiming to provide affordable housing solutions in the form of subsidies on home loan interests for Indian citizens. Here is a brief overview of the PM Awas Yojana discussing some critical elements of the policy. Sections of PMAY The PMAY scheme was initially introduced to support the Economically Backward Section (EWS) and Lower Income Group (LIG) of the society. However, in 2017, the policy was extended to the Middle Income Group (MIG I & II), under the Credit-Linked Subsidy Scheme (CLSS.) This introduced two new subsidies on home loans that can be availed by individuals with a higher annual income. As a result, PMAY was divided into two sections – PMAY Gramin. PMAY Urban.  Benefits PMAY benefits are determined on the annual income of individuals applying for the loan. Such categories include – EWS & LIG  Income between Rs.3 lakh to Rs.6 lakh p.a. Loan amou...

Introduced in 2015, the Pradhan Mantri Awas Yojana has facilitated more than 1.53 crore homes as per a survey in February 2019. This government-initiated subsidy scheme acknowledges home buyers in meeting their housing demands with the help of the Credit Linked Subsidy Scheme. If you are an applicant, you can verify your name in the online PM Awas Yojana list . How to check your name in the PMAY beneficiary list? You can verify your name in the PMAY list by considering the following method – For PMAY Gramin list Rural list without registration number - Visit PMAY Gramin’s official website and click on the ‘Advanced Search’ option. Enter all necessary details regarding your property such as applicant name, name of the block, state, sanction ID, etc. and click on ‘Search’. Your name will be displayed on the screen, if you are included in the PMAY list Rural list with registration number - Visit PMAY Gramin’s official website and search with...

To make ‘Housing for All’ initiative a success by 2022, the Government of India, along with different state governments, has launched several  government housing schemes  to provide affordable housing to Indians. Here is a list of existing housing schemes that every prospective home buyer should be aware of – Pradhan Mantri Awas Yojana: PMAY was launched in 2015 to provide affordable housing solutions, primarily to the underprivileged sections of the society. Under this scheme, first-time homebuyers can avail subsidies on their home loan interest. This scheme is available across every state and union territory. Pradhan Mantri Gramin Awas Yojana : Also, launched in 2015, this housing scheme aims to provide financial assistance to the economically challenged sections of the demography, especially in rural areas. Under this scheme, applicants will benefit from government assistance to build a pucca house with basic amenities. DDA housing scheme : Delhi Developm...