PM Awas Yojana – Builders Get Discounts of One Extra Floor

PM Awas Yojana Urban

 

PM Awas Yojana – In order to provide affordable houses to the urban poor, the government has made the builders in return for making housing units for the poor, to emphasize the construction of affordable homes under the  Pradhan Mantri Awas Yojana (Urban). Additional floor approval may be approved for the builders. The goal of the government is to provide cheap houses to the poor in this scheme and also to increase the trend of private sector builders. A draft has been prepared for this.

Construction will also be Done on Private Sector Land

According to the proposal prepared in this regard, the government is now working on the scheme of the introduction of Affordable Housing Project under the Prime Minister’s Housing (Urban) scheme on private sector land. Under this, government private land owners will take land and in return, they will be compensated. According to this, the government will also provide land to private builders in the second place as well as increase the floor area ratio. Not only that, the process of single window system will be adopted to complete this process on behalf of the government.

Subsidy on stamp duty and Charges under PM Awas Yojana

Under the scheme, there is a proposal to provide land builders for multi-storey apartments in one part of the city and in return, they have to make the premises of affordable houses in second place. Private developers will provide land to the government in this case. These are some of the options which the Ministry of Housing has put in its draft policy for public-private partnership (PPP) for the PMAI scheme in the public sector. The Ministry has also proposed policies to allow private land to build affordable housing. Under this model, private developers will provide land. In this case, in addition to allowing the highest FAR to government officials, subsidy will be given on stamp duty and charges for external and internal development. Private developers will be allowed to encourage such housing units to be built.

Read More: PMAY – Apply Online

Identity of Allotment under draft under PM Awas Yojana

According to the draft policy, taxation benefits under section 80-IBA of the Act can also be made available to the developer, subject to fulfillment of other pre-requisites. In this case, the private developer will be charged directly from the cost, either in the form of a lump sum payment at the time of transfer of the housing unit or EMI. The developer will also recover a portion of the cost through subsidies and other concessions provided by the government. In all cases, government authorities will identify allotments because they will be entitled to interest subsidy from the government. According to the policy, the role of private builders will be eliminated as soon as it will keep complete housing units and the residents’ union will manage matters day by day.

 

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15 Comments

  1. I want to applyy in PMAY surat and my annual income is below 3 lacs. kindly send me the detail of the same.can u plz help me.

  2. Pardhar Mantari ji. mai Allahabad U.P. ka rehne wala hu or mai Ghaziabad,U.P. me rent pe rehta hu to mujhe apna ghar kaishe milega. Pradhanmantri Awas Yojana ka laabh kaishe le pavunga.
    Please mujhe Ghaziabad,U.P. me Pradhanmantri Awas Yojana k liye feedback dijiye ki mujhe ye moka mil payega.

  3. I applied home loan . Customer service se mujhe phone kiya ritu .she is very helpful she connected me punjab nationalbank ,My husband is working in qatar . Bank se mujhe phone kiya he told me that they stop giving loan for those who working in qatar due to qatar crisis.we are living in rental home.mam plse tell me any possibility to giving me a loan . Here ur mention so many banks come under this PMAY.plse help me

  4. pm ji may surat ka rehne wala hu or may rent se rehta hu to mujse apna ghar kaishe milega pradhanmantri awas yojana ka laabh kaishe le pavunga plsss mujse feedback dijiye ki may kya kru tab mjse ye moka mil payega

  5. I want to applyy in PMAY surat and my annual income is below 3 lacs. kindly send me the detail of the same

  6. I have purchased a Flat, and want to apply for PMAY. Please help.
    The building is constructed 15years ago, and i have taken it in a Resale. It is in Thane District.
    My Annual income is within 5 lakh.

  7. Sir g namskar sir g mere pas khud ka Ghar nahi hai me 15 salo se kiraye ke makan me rahate aaya hu or mera pariwar bhi bada hai,ham sab sare, 7,members hai, sir g aap meri madad kijiye mujhe makan dene KI karpa kare,taki mera Roj Roj kiraye se picha chud jaay, Jo bhi kist aayegi WO me or mera pariwar bharne ko tyar hai ,aap KI aati mehawani hogi,,,,,, thanks,,,,(Hisar hariyana) ,,,m:9992110558,

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