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

MahaRERA Directs Paranjape Schemes To Compensate Buyers For Project Delay

MahaRERA Directs Paranjape Schemes To Compensate Buyers For Project Delay

0
A recent regulatory ruling in Pune has reinforced the accountability framework for developers under India’s real estate law, with the Maharashtra Real Estate Regulatory...
MahaRERA Reviews 19 Buyer Complaints Over Sumeru Project Delay

MahaRERA Reviews 19 Buyer Complaints Over Sumeru Project Delay

0
The Maharashtra Real Estate Regulatory Authority has taken up multiple complaints concerning a residential project that remains incomplete several years after its promised delivery...
Shree Cement Greenlights Cement Plant Project In Meghalaya

Shree Cement Greenlights Cement Plant Project In Meghalaya

0
Shree Cement has advanced its expansion strategy with approval for a new integrated cement facility in Meghalaya, signalling a deeper push into India’s northeastern...
Bigg Boss 18 Star Chahat Pandey Purchases Second Mumbai Home

Bigg Boss 18 Star Chahat Pandey Purchases Second Mumbai Home

0
Mumbai’s residential real estate market continues to attract investments from emerging entertainment professionals, with Chahat Pandey acquiring her second home in the city. The...
India Coal Gasification Rules Aim To Boost Output

India Coal Gasification Rules Aim To Boost Output

0
India is advancing a new regulatory framework for coal gasification and mining operations, signalling a strategic shift towards maximising domestic resource use while addressing...