Chandigarh Housing Board to build 10,000 flats in First Phase of Housing for All Scheme

Chandigarh Housing Board to build 10,000 flats in First Phase of Housing for All Scheme
Jul 2017 , by , in Latest News

The Chandigarh Housing Board (CHB) is set to build 10,000 flats in the first phase of Pradhan Mantri Awas Yojna – Housing for All (Urban) Scheme. The CHB has already sent a proposal to the Union Territory administration for approval and also requested it to allot the land at affordable price. The flats are being built at Maloya, Dhanas and Mauli Jagran and the UT administration has shortlisted 51,000 people out of 1.23 lakh applicants. Of these, 10,000 will get flats in first phase. The construction of the flats will start in October and the possession is expected to be given by July 2019.

The tentative cost of the low income group (LIG) flat is Rs. 20 lakh, while the middle income group (MIG) flat will cost around Rs. 35 lakh.  Households having annual income between Rs. 6 lakh and Rs. 12 lakh fall under the MIG-I and those with income between Rs. 12 lakh and Rs. 18 lakh fall under the MIG-II.

The CHB launched the scheme on March 20 this year and it ended on April 22. Being the state-level nodal agency for implementing the central scheme, the board had carried out a demand survey on EWS, LIG and MIG households in urban areas of Chandigarh.

Those living in urban areas are eligible for affordable housing in partnership and individual house enhancement provided that they are residents of Chandigarh as on June 17, 2015, having Aadhaar card or voter identity card and have no house or residential plot anywhere in India.

Under the MIG-I scheme, beneficiaries living in urban areas of Chandigarh are eligible for an interest subsidy of 4% on a loan up to Rs. 9 lakh for new construction and addition of rooms, kitchen or toilet to existing dwelling units, provided that the carpet area of houses being constructed or enhanced under the scheme is 61-90 square metres. Under the MIG-II scheme, an interest subsidy of 3% is available on a loan of Rs. 12 lakh.

LIG and EWS beneficiaries living in the UT’s urban areas are eligible for an interest subsidy at the rate of 6.5% on loan up to Rs. 6 lakh.

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