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

Godrej Properties Strengthens Noida Development Pipeline

Godrej Properties Strengthens Noida Development Pipeline

A fresh land acquisition in Noida is set to add momentum to residential development in one of the National Capital Region's fastest-growing urban markets....
Haryana RERA Clears Large Housing Pipeline

Haryana RERA Clears Large Housing Pipeline

Regulatory approvals for real estate developments worth more than ₹35,000 crore across Haryana and Uttar Pradesh are set to accelerate the housing pipeline in...
AU Real Estate Marketing Signals Data Driven Property Shift

AU Real Estate Marketing Signals Data Driven Property Shift

A recent digital housing outreach initiative by a Jaipur-based real estate developer has highlighted the growing influence of data-driven consumer engagement in India's residential...
Bengaluru Housing Fund Fuels Three Residential Projects

Bengaluru Housing Fund Fuels Three Residential Projects

Fresh institutional capital flowing into Bengaluru’s residential market is reinforcing confidence in the city’s long-term housing demand, even as policymakers and urban planners continue...
India Cement Profitability Faces Fresh Cost Pressures

India Cement Profitability Faces Fresh Cost Pressures

India’s cement industry is entering the first quarter of FY27 under mounting cost pressure,with rising fuel prices expected to weigh on earnings even as...