Blogs

Affordable Housing

BY Sangeeta 30TH MARCH 2017

Home is a basic necessity for every human that exists on earth. It is a place where one lives, grows, nourishes and builds their family and dreams. Home just doesn’t provide shelter but gives a sense of security that you have a roof to yourself. It is a place or a feeling which is most comforting and hence required by everyone.

To cater to this need our Prime Minister of India came up with the ‘PM Awas Yojana’, which basically talks about Affordable housing. Under this scheme government assures to develop 2 crore houses nation-wide by 2022. The main focus of this Yojana is to provide homes to people according to their financial capabilities.

Some of the main highlights under this scheme are-

  • Government loan upto INR 600,000 for a period of 15 years.
  • Subsidised interest rate of 6.5%.
  • Target group for the scheme are Low Income group (LIG) and Economically Weaker Section (EWS) to be more specific about this they are SC, ST, LIG, EWS and Indian women.

Housing even if it is not under government schemes, needs to be in the range of the income group of people for an easy buy, and looking at this scenario builders in Chandigarh have realised how important it is for the government and nation as a whole to make housing that is affordable.

House with the least amenities like washroom, kitchen, and room are the basic building blocks. The way these are constructed and designed in best possible way to make them affordable, is where all the difference come in to play. There are flats for sale in Chandigarh, which not only focuses on these basic amenities but also the social economic factors of Affordable Housing.