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Booking for PMAY Commences At Rs 3.50 Lakh

BY Realty Plus

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Pradhan Mantri Awas Yojana: Booking of your dream home has started for just 3.50 lakh rupees under the Pradhan Mantri Awas Yojana. Under this scheme of the government, people of weaker sections of the country can build their dream house in urban or rural areas. Under this scheme, for the first time home buyers are being given the benefit of Credit Linked Subsidy Scheme (CLSS). Credit linked subsidy scheme means that home buyers are provided subsidy on the interest of home loan. The central government has extended the credit linked subsidy scheme under the PM Awas Yojana till 31 March 2021. This will benefit more than 2.50 lakh middle class families. It is a central government sponsored scheme, which was launched on 25 June 2015. Under the booking started for the Pradhan Mantri Awas Yojana by the Uttar Pradesh Housing Development Council, only those whose annual income will be less than Rs 3 lakh will be given houses. The poor of the state will be provided houses for only 3.50 lakh rupees. They will have to return this amount in 3 years. Earlier Uttar Pradesh Housing Development Council made a proposal to give houses on 5 years installment, but it has been reduced to 3 years. Under this scheme, the carpet area of the house to the poor will be 22.77 sqm and the super area will be 34.07 sqm. Maximum number of people will be allotted houses in Uttar Pradesh capital Lucknow. The maximum booking of 816 houses will be in Lucknow. Apart from this, 624 houses will be booked in Ghaziabad, 480 in Jagriti Vihar in Meerut and 396 in Gonda. Registration will be done for 96-96 houses in Mainpuri, Fatehpur, Hardoi, Rae Bareli and Meerut in the state. Apart from these, bookings will be done for 48-48 houses in Kanpur Dehat, Kannauj, Unnao, Bahraich, Mau, Balrampur, Kanpur Dehat, Kannauj, Unnao, Bahraich, Mau, Balrampur and Barabanki.  

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