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

India Wellness Housing Market Set To Reach 7.7 Billion Dollars By 2030

India Wellness Housing Market Set To Reach 7.7 Billion Dollars By 2030

0
Urban India is witnessing a marked shift in residential preferences, as wellness-oriented housing gains momentum across major cities and emerging towns. Often termed “wellness...
Mumbai Santacruz West Dwarka Bungalow purchased for Rs 164 crore project

Mumbai Santacruz West Dwarka Bungalow purchased for Rs 164 crore project

0
In one of Mumbai’s most significant standalone land acquisitions this year, a subsidiary of luxury developer ZYJ Builders and Developers has purchased the Dwarka...
Mumbai court allows MHADA redevelopment projects with majority tenant landlord consent

Mumbai court allows MHADA redevelopment projects with majority tenant landlord consent

0
The Bombay High Court has permitted the Maharashtra Housing and Area Development Authority (MHADA) to move forward with the redevelopment of several ageing south...
Ghaziabad Authorities Can Now Approve Farmland Conversion For Housing Projects

Ghaziabad Authorities Can Now Approve Farmland Conversion For Housing Projects

0
The Uttar Pradesh government has empowered development authorities, including the Ghaziabad Development Authority (GDA), to directly approve the conversion of agricultural land into residential...
Bengaluru Rent Guidelines For Tech Professionals Earning Fifty Five Thousand Monthly

Bengaluru Rent Guidelines For Tech Professionals Earning Fifty Five Thousand Monthly

0
Bengaluru’s rental market is under scrutiny as young professionals confront the rising costs of urban housing. A recent discussion on Reddit, initiated by a...