Government Housing Schemes

The Indian Government planned to achieve the 'Housing For All' initiative by the end of 2022. Multiple government housing schemes were launched to help achieve this ambitious goal. These schemes attempt to make housing affordable and also simplify the house-buying process. 

Read on to know some popular housing schemes that help make housing affordable for the common man.

The central as well as state governments run various housing schemes to facilitate affordable housing in the country. These include: 

1. Central Government Housing Schemes:

• Pradhan Mantri Awas Yojana (PMAY)

• Rajiv Awas Yojana (RAY)

2. State Government Housing Schemes:

• Maharashtra Housing and Area Development Authority Scheme (MHADA)

• Delhi Development Authority Housing Scheme (DDA)

• Haryana Housing Board Housing Scheme

• NTR Urban Housing Scheme

• Tamil Nadu Housing Board Scheme (TNHB)

• West Bengal Housing Board Scheme

• Haryana Housing Board Scheme

• Kerala Housing Board Scheme

Here are some key features of each of these government-run housing schemes.

PMAY is a housing scheme launched by the Central Government in the year 2015. It provides affordable housing to people who fall under Lower Income Groups (LIG), Middle Income Group (MIG), and Economically Weaker Sections (EWS).

1. Income Criteria as per PMAY

The amount of loan you are eligible for under the PMAY scheme depends upon the income group you fall in. You may refer to the following table to get an idea of how much loan amount one is eligible for:

The Rajiv Awas Yojana (RAY) envisions a slum-free India and encourages the states and union territories to bring all illegal constructions under a formal system. To promote affordable housing under the scheme, the centre has approved the Affordable Housing in Partnership (AHP) scheme to be part of RAY. 

The Rajiv Awas Yojana also provides support of ₹75,000 and Dwelling Units (DUs) of the size of 21 to 40 sqm for EWS. The scheme has spent over ₹1,398 Crores and developed nearly 46,000 houses, as of October 2022.

MHADA aims to provide affordable living for everyone. It operates through a lottery system, where some houses are set aside for the scheme. The loans are allotted to people belonging to different income groups based on the lottery results. 

The price of these houses is between ₹15.35 Lakhs and ₹1.42 Crores and are available in Borivali, Ghatkopar, Mulund, Mankhurd, Goregaon and Vikhroli. The scheme reserves some houses for individuals belonging to LIG, EWS, and MIG. 

Here is the income-based classification:

Associated with the PMAY Credit Linked Subsidy Scheme, the Delhi Development Authority (DDA) Housing Scheme aims to provide affordable housing to Delhi NCT residents. In Phase IV of the scheme, this First Come First Serve (FCFS) scheme aims to offer 5,000 flats. 

In order to register for the DDA housing scheme, you must apply on the DDA website. During registration, you need to pay a registration fee as a token amount. The fee charged depends upon your income group. 

Check the registration fee applicable for different income groups here:

Disclaimer: Aforementioned specifics can vary at the discretion of the government. Hence, refer to the official website to get accurate details.

TNHB is a housing scheme run by the Government of Tamil Nadu to provide affordable housing to the state’s residents. The properties under this scheme are allotted under two categories- residential and commercial units. 

Check the applicable reservations under the Tamil Nadu Housing Board Scheme:

Disclaimer: Aforementioned specifics can vary at the discretion of the government. Hence, refer to the official website to get accurate details.

The West Bengal Government runs the West Bengal Housing Board Scheme to cater to the housing needs of those residing in the state. Introduced in 1973, the scheme has constructed over 35,000 houses. 

There is a capping on the maximum price of the flat based on the income group:

Disclaimer: Aforementioned specifics can vary at the discretion of the government. Hence, refer to the official website to get accurate details.

Since the inception of the Haryana Housing Board Act (Act No. 20 of 1971), the state government board prioritised home construction and allotment within the state. This was aimed primarily at the socially and economically weaker sections of society. 

The Haryana Housing Board is responsible for setting up construction divisions, and design cells. This also includes other necessary committees that look into the execution of the varied activities related to affordable housing schemes. 

The Haryana Board Housing Scheme is a new government housing scheme that offers freehold residential and commercial plots.

The Kerala Housing Board Scheme was introduced in 1971. The board implemented various housing construction schemes and housing loan schemes to meet the residential needs of the economically weaker sections of society. 

Some of the notable housing schemes undertaken by the board are:

• M.N. Laksham Veedu Punarnirmana Padhathi: This scheme allows the reconstruction of twin houses into two separate single units. The scheme provides concessions on the amount required for reconstruction.

• Innovative Housing Scheme: Residential flats are constructed on government lands for the displaced labourers who belong to the economically weaker sections and reside in the urban areas.

• Tsunami Rehabilitation Programme: Facilitates the construction of houses in coastal districts like Trivandrum, Malappuram, Kozhikode, and Kannur.

• Suraksha Housing Scheme: Under this scheme, the government provides a capital subsidy of ₹9,000 per house. The beneficiary needs to make a voluntary contribution of ₹2,000, and there is a construction loan worth ₹19,000 for a building costing ₹30,000.

• New Suraksha Housing Scheme: Under this scheme, the construction cost of a house is taken as ₹1 Lakh, having a plinth area of 30 sq. metres against the present loan amount of ₹30,000. You get a government subsidy of ₹25,000 as against ₹9,000 under this scheme.

The NTR Housing Scheme was first introduced in 2016 to help Andhra Pradesh’s underprivileged own a home affordably. During FY 2018–2019, the Andhra Pradesh Government sanctioned the allotment of 15,091 houses under the Pradhan Mantri Awas Yojana (PMAY) - NTR (Urban) Nagar scheme. 

Here is the subsidy that beneficiaries of the scheme can get:

• Beneficiaries of the NTR Rural Housing scheme get a subsidy of ₹1.5 Lakhs

• Beneficiaries of the NTR Urban Housing scheme can avail of a subsidy of ₹2.5 Lakhs

• Individuals belonging to Scheduled Castes or Scheduled Tribes can get an additional subsidy of ₹50,000

However, if you do not qualify for these housing schemes, you can opt for a home loan. There are various home loan providers that offer competitive interest rates, making your borrowing affordable. 

For a simple application process and other benefits, apply on Bajaj Markets. On this platform, you can choose from top lenders and get funding of up to ₹15 Crores.