Chandigarh Housing Board to build 10,000 Flats, CHB Possession by 2019
Chandigarh Housing Board (CHB) will begin construction of 10,000 flats in October this year, to provide Affordable Housing in the UT.
Under Pradhan Mantri Awas Yojana (PMAY) Housing for All (Urban) flats are being built at Maloya, Dhanas and Mauli Jagran. The UT administration has shortlisted 51,000 people out of 1.23 Lakh applicants earlier this year. Of these 10,000 will get flats in the first phase, possession is expected to be given by July 2019.
Cost of the Lower Income Group (LIG) Flat is Rs 20 Lakh, while the Middle Income Group (MIG) Flat will cost around Rs 35 Lakh. Board has sent the proposal to the UT administration for its final approval and also requested it to allot the land at the affordable price.
CHB launched the scheme on March 20 this year and it ended on April 22.
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.
Households having an 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.
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 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 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 6 lakh.
- Economically weak: 3,500 Rs 10 lakh
- Low income: 3,000 Rs 20 lakh
- Middle income-1: 2,000 Rs 35 lakh
- Middle income-2: 1,500 Rs 40 lakh
Where will flats come up
Locality Area Houses
Maloya: 60 acre 5,500
Dhanas: 38 acre 4,000
Mauli Jagran: 6 acres 500