We all are aware of the consequences of being an over-populated country. One of the biggest shortcomings is the increasing pressure on the available land and the shortage of houses. It is like a dream for low-income-group (LIG) people to have their own house. Till 2014, Uttar Pradesh was facing a shortage of around 21 Lakh houses, which as naturally increased year after year. Keeping in mind this major issue of concern, the government had launched Pradhan Mantri Awas Yojana (PMAY) which seeks to provide affordable housing to LIG and even MIG (Middle-Income Group) in urban areas. The good news is the first project under PMAY was launched in Lucknow on 28th March.
The Pradhan Mantri Awas Yojana’s first project is scattered in 10 acres of area and is situated on the Kanpur Road, which is five kilometers away the Lucknow (Amausi) airport.
This is PMAY’s first project launching in Lucknow and the construction work has already begin here. It has its targets to complete 2500 apartments by 2020. Also, possession will be available to people within the coming three years.
This first project under Pradhan Mantri Awas Yojana comes under the smart city township and therefore, all smart facilities will be provided to people like, PNG Gas, customer portal, iconic tower, Wi-Fi zone etc. The best part is that these smart facilities will be available to even the low costing flats.
Owing to the central government’s subsidies on PMAY affordable houses, people will be able to get houses in EWS (Economically Weaker Section) section at a price which is 40% less than the market price. It is even providing flats in categories other than EWS, like LIG, MIG, HIG, and will also overlook various taxes because of the PMAY scheme.
PMAY scheme has various categories according to the annual income limits. People have to be eligible under these limits to avail the benefits of PMAY.
The prices of LIG and EWS flats are between Rs.6 Lakhs to Rs.11 lakh (approx.).