Jun 22, 2023

Government Schemes & Subsidies for home-buyers

by Godrej Properties Limited

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The Indian government, in collaboration with state governments, implement housing programs to make homeownership more accessible and affordable in India. Below is a list of government housing schemes in India 2023 that assist middle and lower-income individuals in overcoming financial barriers.

Pradhan Mantri Awas Yojana (PMAY)

The Indian Government introduced the PMAY scheme to achieve "Housing for All by 2022." This centrally-sponsored affordable housing scheme is designed to benefit individuals from Lower Income Groups (LIG), Economically Weaker Sections (EWS), and Middle-Income Groups (MIG), encompassing both urban and rural areas.

The Haryana Urban Development Authority (HUDA):

The Haryana Housing Board introduced HUDA or Haryana Shahari Vikas Pradhikaran (HSVP) scheme to provide freehold residential and commercial plots in Haryana, primarily targeting the socially and economically weaker sections of society.

Delhi Development Authority (DDA) Housing Scheme

The DDA Scheme in Delhi provides housing options linked to the PMAY Credit Linked Subsidy Scheme. It offers 5,000 flats in Vasant Kunj, Rohini Sector 34, and Kalkaji in South Delhi. Adult Indian nationals belonging to EWS, LIG, MIG, or HIG categories are eligible to apply.

Tamil Nadu Housing Board Scheme

Popularly known as the Tamil Nadu Government Free House Scheme 2022, it aims to provide affordable residential and commercial units, with reservations based on caste, occupation, and disability. Launched on June 25, 2015, it offers an interest rate of 6.50% for 20 years. This scheme has been extended until December 31, 2024, under the government housing schemes in India 2022.

Ahmedabad Urban Development Authority (AUDA)

The AUDA New Housing Scheme in Ahmedabad 2022 is a collaboration between PMAY and AUDA to address housing needs in Ahmedabad. PMAY provides affordable housing initiatives, while AUDA plays a crucial role in implementing and facilitating housing projects in the city.

MHADA (Maharashtra Housing and Area Development Authority Scheme)

The MHADA scheme promotes housing accessibility through a lottery system. It offers homes in various neighborhoods across Mumbai and provides buyers with loans. Adult residents of the state from LIG, MIG, or HIG with a valid domicile certificate are eligible to apply.

Kerala Housing Board

The KHB implements government schemes for house construction to offer affordable housing options to the people of the state. It runs various reconstruction and rehabilitation housing schemes and also offers loans.

Apart from these current residential schemes, there are ongoing govt. residential schemes, such as the Noida Flats Scheme 2023 for house construction and development. These housing programmes in India may change over time, hence it is advisable to consult official government sources for the most accurate information.
 

Frequently Asked Questions

1. Who is eligible for the Modi Free House Scheme in Tamil Nadu 2022?

Answer: Economically weaker sections, low-income groups, and middle-income groups are eligible.

2. Who can apply for the pradhan mantri awas yojana ahmedabad 2022 scheme?

Answer: People belonging to EWS, LIG, and MIG can apply and provide income certificates along with other identity proofs.

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