Let There Be Home For All By 2022

Despite criticism from all quarters, Narendra Modi-led BJP government has to be lauded for some of its initiatives. One among them is Pradhan Mantri Awas Yojana (PMAY). For the sake of understanding, this can also be called Pradhan Mantri Housing Scheme for better understanding. Under the initiative, the BJP government intends to build houses for everyone by 2022. The scheme was launched in June 2015. Pradhan Mantri Housing Scheme is aimed specifically for those in the category of economically weaker section (EWS) and Lower/Middle Income Group (LIG/MIG) in India. The Scheme aims to build over two crore houses around the country by 2022.

Unique aspects in PMAY:

· Not just for new constructions, scope of the scheme extends to renovating the existing house as well

· The scheme clarifies beneficiary as a family including husband, wife and unmarried children

· Under the scheme, houses acquired should be in the title of female head of the household or in the joint name of male head of household and his wife

· AADHAAR card, Bank A/C No. and PAN number are must to utilize the scheme

· Benefits under the scheme can be availed only once and under just one vertical

· Necessary infrastructure, such as power, water and drainage/sanitation, should be there for homes to qualify as completed projects

Who all are eligible under the scheme?

A) Age of the person should not exceed 70 to benefit under the scheme

B) Economic Weaker Section with an annual income lesser than Rupees 3 Lakh

C) Lower Income Group with annual revenue between Rupees 3,00,001 to 6,00,000 Lakh

D) Mid Income group (Included only in 2017)

E)  A person, who does not have a house in the name of any family member, or in his name in any part of India

Four Important Elements in the Scheme

1. Build homes for slum dwellers by joining hands with private developers.

2. It intends to offer a credit-linked subsidy to weaker and mid income sections for loans taken to construct new houses or renovate existing houses. As for the ones in EWS and LIG category who plan to take a loan of up to ₹6 lakh, an interest subsidy (concession) of 6.5 per cent for duration of 15 years is available.

3. The Government will offer financial help for affordable housing projects executed along with States/ Union Territories for the EWS.

4. Will extend direct financial assistance of ₹1.5 lakh to EWS.

The Bottomline:

This is a noble gesture on the part of the BJP government. Let us hope that the Pradhan Mantri Housing Scheme encourages the real estate and construction sector to focus on affordable housing segment as well. The Modi regime has shown the way; let us hope realty majors also start looking at those languishing at the bottom of the social hierarchy.

Security Features Present in Premium Residential Units of Ghaziabad

Security and safety of the family members, as well as their vital assets is always a priority, and people buying new homes always ensure this before anything else. However, quite unfortunately, with the rise in the population levels in the modern cities, the cases of thefts and burglaries have increased to a great extent. Therefore, it has become imperative for homebuyers to invest in apartments and villas where there are advanced security features, to ensure the utmost safety of their loved ones. 

A number of premium residential units have been developed in the prominent urban destinations of the country like Noida, Ghaziabad, Mumbai, Pune, and Delhi that have state-of-the-art security system, enabling the residents to lead a safe, secure, and anxiety-free life. These residences have especially become common in Ghaziabad, which has emerged as one of the most prosperous and popular residential destinations of the country. 

Premium flats in Ghaziabad are ideally developed as a part of integrated self-sustaining townships. These townships utilize cutting-edge technologies to ensure the safety of their residents and the security of their assets. Some of the security features present in these residential units are as follows:

•  Security cameras that capture high-resolution photographs of all the vehicles entering or leaving the premises.
•  All unauthorized vehicles entering the premises are tracked constantly.
•  Only limited vehicles which ideally belong to the close acquaintances and family members of the residents are granted access to the residential units.
•  24-hour CCTV surveillance for both incoming and outgoing vehicles and this video footage can be subsequently stored for a number of months in order to enable retrospective investigations in the future, if necessary.
•  Panic buttons are installed in most of the common areas that ensure the security and safety of the residents.
•  Advanced tag based access control system that allows only selected individuals to enter certain areas of the residential unit.
•  Automated street lights at night that provide ample light to the area so that the residents do not face any inconvenience.
•  Burglar alarms are installed in the individual residences to provide the best possible protection from trespassing, theft, and burglary.

Therefore, if you too are looking to buy a flat in Ghaziabad that offers the aforementioned security features, prospective homebuyers can check out the websites of the renowned property developers operating in the NCR to identify the residences that meet all their requirements.