HomeLatestUttarakhand Cabinet Eases Norms for Affordable Housing Scheme

Uttarakhand Cabinet Eases Norms for Affordable Housing Scheme

The Uttarakhand Cabinet has recently approved significant changes to the state’s housing policy, aimed at easing norms for the Pradhan Mantri Awas Yojana (PMAY) and expanding eligibility for economically weaker sections (EWS). These reforms are designed to make affordable housing more accessible to a broader segment of the population, promoting sustainable growth and development in the state.

Under the revised policy, the income limit for EWS beneficiaries has been increased from Rs 3 lakh to Rs 5 lakh per annum. EWS homes will have a carpet area of 30 square meters, with each unit priced at Rs 9 lakh. In addition to this, the state has introduced clearer criteria for other low-income groups. The Lower-Income Group (LIG), consisting of individuals earning between Rs 5 lakh and Rs 9 lakh, will be eligible for homes with a carpet area of 30 to 45 square meters, priced at Rs 14 lakh. Meanwhile, the Lower-Middle-Income Group (LMIG), with annual earnings between Rs 9 lakh and Rs 12 lakh, will be eligible for homes with a carpet area of 45 to 60 square meters, priced at Rs 25 lakh.

One of the key enhancements in the new policy is the increase in consumer subsidies. The subsidy for EWS, LIG, and LMIG beneficiaries has been raised from Rs 1.5 lakh to Rs 2 lakh, providing greater financial relief to these groups. Additionally, the state government has placed a special focus on promoting row housing in Uttarakhand’s hilly regions, offering subsidies to private developers for developing last-mile connectivity infrastructure. This initiative aims to address the unique challenges posed by the hilly terrain while ensuring that affordable housing is available even in remote areas. These changes reflect Uttarakhand’s commitment to addressing the housing needs of its residents, especially those from economically disadvantaged backgrounds, and promoting inclusive development throughout the state.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

Berger Paints Move Unlocks Stalled Share Transfers

Berger Paints Move Unlocks Stalled Share Transfers

0
In a move aimed at resolving long-pending investor grievances, Berger Paints India Limited has introduced a one-year compliance window to facilitate the transfer and...
India Steel Spreads Reshape Construction Cost Trends

India Steel Spreads Reshape Construction Cost Trends

0
A sharp expansion in India steel spreads during the final quarter of FY26 is signalling a turnaround in the country’s metal sector, with implications...
Kakatiya Cement Updates Demat Compliance Filing

Kakatiya Cement Updates Demat Compliance Filing

0
A Hyderabad-based cement and sugar manufacturer has completed its quarterly regulatory filing for share dematerialisation while simultaneously scaling back production at one of its...
Mumbai Rivali Park 2 Reshapes Housing Demand

Mumbai Rivali Park 2 Reshapes Housing Demand

0
A new residential development in Borivali is signalling a shift in how urban housing is being planned and delivered in Mumbai, as developers recalibrate...
Noida Real Estate Market Gains Luxury Momentum

Noida Real Estate Market Gains Luxury Momentum

0
A new luxury residential launch along the Noida-Greater Noida Expressway has recorded significant early sales, underscoring the growing appetite for premium housing in emerging...