Nilanjan
Are you dreaming of owning your own house in Pune, but finding it difficult to afford one? If yes, then you might be interested in knowing about Pradhan Mantri Awas Yojana (PMAY), a flagship scheme of the Government of India that aims to provide affordable housing to the urban poor by 2022.
PMAY is a credit-linked subsidy scheme that offers interest subsidy on home loans to eligible beneficiaries belonging to the economically weaker section (EWS), low income group (LIG), and middle income group (MIG) categories. The scheme also provides assistance for the construction or enhancement of houses for slum dwellers and beneficiaries of other government schemes.
Under PMAY, you can get a subsidy of up to 6.5% on your home loan interest rate for a tenure of 20 years, depending on your income category and loan amount. The maximum loan amount eligible for subsidy is Rs. 6 lakh for EWS and LIG, Rs. 9 lakh for MIG-I, and Rs. 12 lakh for MIG-II. The maximum carpet area of the house eligible for subsidy is 30 sq.m. for EWS, 60 sq.m. for LIG, 160 sq.m. for MIG-I, and 200 sq.m. for MIG-II.
To avail the benefits of PMAY, you need to meet the following eligibility criteria:
- You should not own a pucca house in your name or in the name of any member of your family in any part of India.
- You should not have availed any central or state assistance under any housing scheme from the Government of India or any benefit under PMAY.
- You should have a valid Aadhaar number.
- You should belong to one of the income categories mentioned above and have a proof of income.
- You should apply for a home loan from any of the primary lending institutions (PLIs) empanelled with PMAY, such as banks, housing finance companies, regional rural banks, etc.
- You should submit the PMAY application form along with the required documents to the PLI.
- You should construct or purchase the house as per the norms and standards of PMAY.
If you are looking for a suitable location to buy or build your dream home under PMAY in Pune, you might want to consider Kharadi, a fast-growing suburb that offers excellent connectivity, infrastructure, and amenities. Kharadi is also home to one of the most successful projects under PMAY in Pune, where 700 houses have been constructed and are ready for occupancy.
The project was initiated by Yogesh Mulik, former Chairman of the Pune Municipal Corporation’s Standing Committee, who followed up with the authorities and ensured its timely completion. The project has undergone inspection and has been approved by the officials. The keys to these flats will soon be handed over to the beneficiaries by Deputy Chief Minister Devendra Fadnavis.
The project in Kharadi is part of a larger initiative by the Pune Municipal Corporation to construct low-income group (EWS) flats in various areas like Hadapsar, Vadgaon (Khurd), etc. Out of these projects, a staggering 6,264 flats have been made available to the beneficiaries. Each flat spans an area of 30 sq.m. The overall cost of these projects amounts to approximately 700 crores.
Mulik praised Prime Minister Narendra Modi for his vision and efforts in ensuring that every citizen of the country has access to their own rightful house. He also urged the people of Pune to take advantage of PMAY and apply for the scheme as soon as possible.
If you want to know more about PMAY and how to apply for it, you can visit its official website here. You can also read more about it in this article.
PMAY is a golden opportunity for you to fulfill your dream of owning your own house in Pune at an affordable cost. Don’t miss this chance and apply today!
