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

Bengaluru Office Rents Rise as RERA Rules Matter

Bengaluru Office Rents Rise as RERA Rules Matter

Bengaluru, Mumbai and Delhi-NCR are seeing firm rental growth in prime office space, signalling that demand for well-located, high-quality workplaces continues to outpace available...
India Materials Market Moves Towards Greener Construction

India Materials Market Moves Towards Greener Construction

India’s building materials industry is entering a more regulated phase as housing, infrastructure and urban redevelopment keep construction demand elevated. A market estimate puts...
Epsilon Advances Graphite Anode Manufacturing in Karnataka

Epsilon Advances Graphite Anode Manufacturing in Karnataka

India’s push to localise battery manufacturing has gained another boost after Epsilon Advanced Materials received ₹145 crore in capital expenditure support under the Electronics...
Walplast Investment Broadens India Construction Solutions

Walplast Investment Broadens India Construction Solutions

NEW DELHI: Walplast Products Pvt. Ltd. has expanded its construction-materials portfolio through a strategic majority investment in Vura Bau Chemie LLP, adding specialised stone-care...
India Builders Shift Towards Higher Material Performance

India Builders Shift Towards Higher Material Performance

India’s construction materials market is entering a more performance-led phase as premium housing, infrastructure spending and rising buyer expectations reshape procurement decisions. The shift...