Indian govt increases EWS income slab for Affordable Housing in Mumbai
Real Estate

Indian govt increases EWS income slab for Affordable Housing in Mumbai

The Indian government has announced a significant measure aimed at improving the living conditions of the urban poor. As part of the Pradhan Mantri Awas Yojana - Urban (PMAY-U) initiative, the income slab for the Economically Weaker Section (EWS) category will be increased from Rs 3 lakhs to Rs 6 lakhs for housing schemes in the Mumbai Metropolitan Region (MMR).

This decision comes in response to a letter from the Maharashtra government, which requested that the union government raise the income criterion for the EWS category in the affordable Housing in partnership (AHP) vertical of PMAY-U projects in the metropolitan region.

The primary objective of increasing the income slab is to expand the eligibility and accessibility of affordable housing for individuals belonging to the EWS category. This move will enable more people in the EWS category to benefit from housing lotteries announced by the Maharashtra Housing and Area Development Authority (MHADA) in the region.

In the recent lottery draw conducted by MHADA for 4,082 homes in Mumbai, over 1.45 lakh applications were received, and more than 1.19 lakh applicants have already paid the earnest money deposit. Out of these, a total of 23,773 applications were received for the 1,947 houses offered under the PMAY scheme.

The PMAY mission was launched by the government in June 2015 with the aim of providing housing for all. Under this scheme, the central government provides assistance to implementing agencies, including states, Union Territories (UTs), and Central Nodal Agencies (CNAs), to provide houses to eligible families and beneficiaries.

Through the affordable housing in partnership program, the central government offers a subsidy of Rs 1.5 lakh per dwelling unit. The AHP vertical approves housing projects with a minimum of 250 houses, of which at least 35 per cent need to be reserved for the EWS category. 

The Indian government has announced a significant measure aimed at improving the living conditions of the urban poor. As part of the Pradhan Mantri Awas Yojana - Urban (PMAY-U) initiative, the income slab for the Economically Weaker Section (EWS) category will be increased from Rs 3 lakhs to Rs 6 lakhs for housing schemes in the Mumbai Metropolitan Region (MMR).This decision comes in response to a letter from the Maharashtra government, which requested that the union government raise the income criterion for the EWS category in the affordable Housing in partnership (AHP) vertical of PMAY-U projects in the metropolitan region.The primary objective of increasing the income slab is to expand the eligibility and accessibility of affordable housing for individuals belonging to the EWS category. This move will enable more people in the EWS category to benefit from housing lotteries announced by the Maharashtra Housing and Area Development Authority (MHADA) in the region.In the recent lottery draw conducted by MHADA for 4,082 homes in Mumbai, over 1.45 lakh applications were received, and more than 1.19 lakh applicants have already paid the earnest money deposit. Out of these, a total of 23,773 applications were received for the 1,947 houses offered under the PMAY scheme.The PMAY mission was launched by the government in June 2015 with the aim of providing housing for all. Under this scheme, the central government provides assistance to implementing agencies, including states, Union Territories (UTs), and Central Nodal Agencies (CNAs), to provide houses to eligible families and beneficiaries.Through the affordable housing in partnership program, the central government offers a subsidy of Rs 1.5 lakh per dwelling unit. The AHP vertical approves housing projects with a minimum of 250 houses, of which at least 35 per cent need to be reserved for the EWS category. 

Related Stories

Gold Stories

Next Story
Real Estate

L&T Wins Mega Order for India’s Largest NVIDIA B300 AI Factory

Larsen & Toubro (L&T), through Vyoma.AI’s AI infrastructure subsidiary LTN Compute, has secured a mega order to develop what the company describes as India’s largest single-cluster AI infrastructure facility. The NVIDIA B300 AI Factory will support US-based AI cloud company Together AI’s platform for large-scale inference, fine-tuning and training workloads.The integrated AI Factory will be hosted at Vyoma.AI’s Chennai data centre campus and will have a capacity of 10,000 NVIDIA B300 GPUs. The platform will combine hyperscale data centre infrastructure, accelerated computing, h..

Next Story
Infrastructure Urban

Autodesk Elevates Nikhil Bagalkotkar to Lead AEC in India, SAARC

Autodesk has elevated Nikhil Bagalkotkar as Head – Architecture, Engineering and Construction (AEC), India and SAARC, with immediate effect.In his new role, Bagalkotkar will lead Autodesk's AEC business strategy across the region and drive adoption of the company's Design and Make platform. He will also focus on promoting digital design and construction technologies to help customers accelerate innovation and deliver more sustainable and resilient infrastructure.Bagalkotkar will be responsible for expanding Autodesk's AEC business, strengthening customer and partner engagement, and accelerat..

Next Story
Real Estate

Listed Developers' Pre-Sales Seen Rising 22.3 Per Cent in FY27

India's leading listed residential developers are expected to sustain strong sales momentum in FY27, with combined pre-sales of 11 major players projected to rise 22.3 per cent year-on-year, according to an analysis by ANAROCK Research & Advisory.Combined pre-sales of the developers are estimated to increase from Rs 1.49 trillion in FY26 to Rs 1.82 lakh crore in FY27. ANAROCK attributed the growth to sustained end-user demand, new project launches and strong execution despite higher property prices, construction costs and global uncertainties.Dr Prashant Thakur, Executive Director and Head..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement