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

Hyderabad RERA Grievance Cell Aims To Ease Disputes

Hyderabad RERA Grievance Cell Aims To Ease Disputes

0
A new institutional mechanism aimed at easing real estate disputes has been introduced in Hyderabad, where the state regulator has operationalised a dedicated support...
India Urban Growth Hit By Supply Chain Shock

India Urban Growth Hit By Supply Chain Shock

0
India’s growing dependence on imported energy and critical materials has moved from a strategic concern to an immediate economic risk, after recent geopolitical disruptions...
India Construction Costs Challenge Real Estate Expansion

India Construction Costs Challenge Real Estate Expansion

0
A sharp rise in construction costs across India’s real estate sector is beginning to reshape how urban retail and residential projects are planned, financed...
Gujarat Tourism Growth Drives New Rann Hotel Project

Gujarat Tourism Growth Drives New Rann Hotel Project

0
A new hospitality project planned in the Rann of Kutch region of Gujarat is set to expand the state’s tourism infrastructure, even as it...
NCR Real Estate Shifts Along New Transit Corridors

NCR Real Estate Shifts Along New Transit Corridors

0
A decisive shift is underway in the National Capital Region (NCR), where infrastructure corridors are increasingly dictating the direction of urban growth. In 2026,...