Current Updates on Pradhan Mantri Awas Yojana

Observing the increase in pauperism and homelessness in India, the Ministry of Housing and Urban Poverty Alleviation, in 2015, introduced an interest subsidy scheme called the Credit Linked Subsidy Scheme under the Pradhan Mantri Awas Yojana. This scheme is based on the idea of providing affordable housing to the urban poor section aims to ultimately eradicating homelessness by the year 2022. The scheme provides housing solutions for the purpose of purchase, construction, extension, improvement of a home and caters to the: Economical Weaker Section (EWS), Lower Income Group (LIG), Middle Income Group (MIG), driven by the projected growth of urbanization and consequent housing demands of India.

In order to ideally cater the needs of the people of India, the scheme is timely updated with necessary additions. Some of those are listed down below:

• As the housing scheme is moving at a slow pace, allotting surplus funds is likely to help it achieve its agreed goals. The Pradhan Mantri Awas Yojana is expected to get a 50% increase in the upcoming budget allocation this year. The government plans to build more than two Crore houses in the urban and rural areas which will require this surge in the budget allocation.
• The PMAY scheme is classified into two components namely, rural and urban. The government plans to build 1 Crore new housing units by the end of March, 2019. A similar target is also set for urban housing units as well.
• To achieve its target, the Ministry of Rural Development is working along with the government of various states. Also, month-wise objectives have been set up to complete the construction of the houses.

We hope that this blog answered all your questions regarding the recent updates on Pradhan Mantri Awas Yojana. The mentioned points will be helpful in making an informed decision in case you plan to apply for this highly beneficial scheme. 

Reasons for Setting up a Residence along NH24 in Ghaziabad

The National Highway 24, commonly referred to as the NH24, is known to be one of the chief highways in India. It essentially is a 438 km long highway, running from Delhi to Lucknow. This highway passes through a number of key urban destinations of North India, Ghaziabad being one of them.

The city of Ghaziabad has emerged as one of the fastest developing regions of Uttar Pradesh, as well as the northern part of the country. It is considered to be a prime location in the prosperous National Capital Region [NCR] of Delhi. Ghaziabad enjoys an exceptional connectivity to the national capital as well as other key sites of the NCR. This city has flourished to a great extent over the last few years, especially in the sphere of trade, commerce, industry and education.

A number of cosmopolitan residential complexes and commercial establishments have been developed in Ghaziabad particularly along its NH24 area. The modern residential units developed here have emerged as one of the top choices for setting up a residence for the people migrating to the NCR.  

Here are a few reasons why people prefer setting up a residence along this area:

· Infrastructure: The socio-economic infrastructure present along the NH24 in Ghaziabad is quite commendable. There is a good presence of contemporary retail units, state-of-the-art healthcare facilities and renowned educational institutions here.  

· Connectivity: The area along NH24 in Ghaziabad enjoys excellent connectivity to the rest of the NCR cities. With the availability of the metro network here, people get to commute quite swiftly from Ghaziabad to Delhi, Noida and Gurgaon. Additionally, the construction of the Eastern Peripheral Expressway here is almost near its completion. This highway is expected to provide an extra boost to the connectivity of this area.

· Integrated townships: Integrated townships have been developed along this region which enables people to live in lavish 2, 3 BHK expandable Floors in Ghaziabad, while enjoying a bountiful of amenities and facilities. These township projects are ideally developed as self-sustaining residential units, and offer their residents the facilities of a swimming pool, club-house and full time power backup.

To invest in affordable and spacious 2 BHK expandable Floors in Ghaziabad that are located along its NH24 area, people can easily contact any renowned real-estate company operating in the city.