Affordable Housing will Get A Boost in Budget 2019

The union budget of 2019 looks extremely positive and promising for the housing sector.  Finance Minister Nirmala Sitharaman has addressed the housing finance industry and real estate sector, both from the supply and the demand sides. The government has given great emphasis on affordable housing schemes under the Pradhan Mantri Awas Yojana (PMAY).

New Delhi Awas Yojna and other such housing schemes are all set to make the processes of buying homes easier. Under the New Delhi Awas yojana scheme, it offers 1/2/3/4 BHK homes at affordable prices to meet the target of “Housing for All” by 2022.

Let us take a look at the budget presented by our Finance minister, Nirmala Sitharaman:

Under the PM Awas Yojna (PMAY), a household with an annual income of up to Rs 18 lakh can avail Rs 2.3 lakh upfront subsidy for a home. Buyers are also eligible for income tax exemption on housing loans.

The centre government approved construction of nearly 1.4 lakh house under PMAY, taking the number of homes to be built under the scheme to over Rs. 85 lakh. With 1.5 crore houses completed during the last 5 years. There will be stupendous work during 2019-20 as part of Phase-II, where 1.95 crore houses to be provided.

Also, the government has approved an additional tax deduction of Rs 1.50 lakhs allowed on affordable house purchase over and above 2 lakhs up to March 2020. Under PMAY urban housing, 81.4 lakh houses sanctioned with a rupees of 4.83 lakh crore outlay. Forty-seven lakh houses under construction and 24 lakhs allotted to the beneficiaries.

 To promote rental housing, the government has mooted a model rental agreement, whereas the builders who undertake such projects will continue to get 100% tax benefit on profits earned. NBFCs play an essential role in sustaining consumption demand as well as capital formation in the small and medium segments. So, the government has come out with a scheme to provide one time six months partial credit guarantee to public sector banks for the first loss up to 10%.

The government finally gave industry status to real estate sector. This plan will not only help get more people affordable housing but also help millions get employment.

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5,028 hectares of land pooled under Land Pooling till Aug 30

New Delhi: While the Delhi Development Authority (DDA) had a moderate begin in executing the new land pooling strategy, the most recent two months have seen landowners from more than 95 towns in Delhi sign up on their online gateway prompting more than 4,000 hectares of land being pooled between July 1 and August 30. As per DDA's information, just somewhat less than 1,000 hectares of land was pooled under the new arrangement starting at July 1 this year. In any case, the information from the part of the bargain demonstrates that from Zones P-II, N, L and K1 had 1,027 hectares, 2,654 hectares, 1,152 hectares and 195 hectares of land pooled individually, adding up to a sum of 5,028 hectares of land being pooled till Friday (August 30).

DDA authorities likewise said that an in-house exercise to delineate pooled land is under procedure, with most extreme support from landowners in Sector-17, 20 and 21 of Zone N (Bawana) and Sector-2 of Zone P-II (Alipur). The authorities said that these areas are required to accomplish the base limit of 70 percent land if current patterns are to proceed. The arrangement is to build up these divisions as model areas, with world-class brilliant framework, so different segments can stick to this same pattern.

The Land Pooling Policy Portal was propelled in February this year and will stay open for landowners to join till September 6. The candidates who have presented their property subtleties will be checked by the able expert and parts qualifying under the arrangement will be taken up for improvement, for which the DDA will send a notice to constituent landowners for the development of the consortium. This consortium will at that point set up an Implementation Plan in conference with the constituent landowners and consent to a formal contract arrangement among themselves before applying to the DDA as a solitary substance for taking up improvement inside the area.

The new Delhi Land Pooling Policy was presented last September by the DDA. According to this strategy, landowners can apply for the association to pool little totals of land and create foundation there so it tends to be given back to the proprietors themselves, without the responsibility for consistently evolving hands.

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Affordable Homes Offering the Best of Urban Living in New Delhi

New Delhi Awas Yojna is an efficiently planned residential progression across the affordable segment of the national capital presented under the Master Plan Delhi 2021. With the primary vision of offering the best of urban livings at completely affordable prices.

New Delhi Awas Yojna is being progressed with the avid cooperation of the Delhi Development in Dwarka, one of the fastest-growing regions of the capital city. This Delhi Housing Scheme is presenting coherently outlined 1/2/3/4 BHK homes in multiple sizes and prices in order to precisely engage with the varied needs and expectations of the diverse Indian family units.

While the capital city of India witnesses a considerable amount of relocation of families from all over the country due to better opportunities, the lack of substantial residential advancement in the recent few years has led to the enlarged margin between the need and availability of quality homes here. This Delhi Housing Society, designed by the brightest minds in the businesses, has been introduced to lessen that margin and creating a housing prospect which is worth investing one’s hard-earned money.

This Delhi Housing Scheme, situated in one of the most flourishing localities of Dwarka, promises to make way for every location-related convenience for the residents here. While the robust road network will efficiently connect New Delhi Awas Yojna to all the regions around, the upcoming metro station in the close proximity will further enhance the transportation facilities. This Delhi Housing Society, besides making sure the availability of all the required civic utilities in its vicinity, is located at a comfortable reaching distance from the IGI airport, a major boost in its investment potential. New Delhi Awas Yojna, with incorporated amenities matching top standards, promises to redefine the contemporary standards of affordable living in urban areas.

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Choose Delhi Smart City To Buy Your Own Property in Delhi

If you are planning to invest your money in a property, then you can purchase a residential property at Delhi Smart City. It is the right place to make your future investment plan.

When it comes to buying a property, look no further simply call us. We are the one-stop solution for all housing projects based on the Land Pooling Policy. Our company also brings a professional cooperation between Government’s infrastructure and commercial projects, which will be constructed by the several developer entities.

The land pooling policy is highly beneficial to all income group people so everyone gets benefits from our projects. We are offering a great assistance for people who are searching for property across Delhi. Our service has been reached to several influential destinations of Delhi-NCR so you can buy property according to your preferred location. We do all our property construction works under the MPD 2021.

Reasons to buy a property at Delhi Smart City:

At Delhi Smart City, home buyers can choose the residential apartment under Delhi Awas Yojna 2019 in several sizes such as 2BHK, 3BHK, and 4BHK along with interior designs. The whole project is designed and constructed by the experts.

Our firm has a huge reputation in the real estate industries of Delhi. You can enjoy natural and greener environment in the project location. Our project offers a unique and flexible platform for the modern lifestyle. Therefore, everyone can enjoy the modern lifestyle along with all basic amenities like hotel, schools, hospitals, gardens, and entertainment zone.

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Most Effective Residential Houses Offered By New Delhi Awas Yojna

Home is very necessary and the primary need of all human being around the world and it is extremely secure, which lets every inhabitant to get thrive below a sense of security. Here it is place where you take rest as well as relax yourself from stress and pain of your body. Then it gives hand to meet your challenging subsequently days with full assurance. The home is the correct place that you can feel dream with nurtured. Hence, it makes one of the most important needs for survival so it lets to recognize what a house means is actually. The Standard welfare Societies welcomes you at the wonderful place Dwarka in Delhi to realize your dream home as per your pocket.

The respective DDA- Delhi Developed Authority takes unique care on the people to access the loveable house according to their economic strength under Standard Welfare Society, MPD 2021 at a place of the Dwarka. Then New Delhi Awas Yojna project is get stimulated by the honorable Prime Minister Sh. Narender Modi scheme, which is recognized as Pradhan Mantri Awas Yojana. Here the Delhi Awas Yojana is a great project with all sorts of the amenities along with the exact housing solution for Delhi public. Hence the natives who live Delhi moves in neighboring states like Gr, Noida, Ghaziabad, Noida as well as other locations because of the high prices of the main property. Then the Delhi government loses the main income due to no meeting all need of the home requirement to the general people. The estimated year of the 2021 scheme will be fully constructed over the 5 years of the period.

Here this latest project is built under the Delhi Master plan in compliance to the PPP model, which was accepted by the development ministry of urban. almost the expected starting price of the project will be 28.9 lakh and here the Awas Yojana support the main officer's amenities so around 70% Units are getting completed reserved for both PSU employees as well as Government employees. Most effective residential houses with all facilities like banking, schools, hospitals, markets, shopping malls, road connectivity, parks, metro connectivity and all other daily needs in the close vicinity. Hurry up come to us and get your dream house.

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Get Affordable Home under the New Delhi Awas Yojna

You want to take home then your little house at Diplomatic Enclave 2 with a little understanding will cost you Rs 5 to 6 lakhs. Actually, due to a Delhi Awas Yojna of Modi Government this has become possible. After the ban, after making amendments to this scheme, it is cheaper to buy a house for you. Now you have to give less than 5 to 6 lakh rupees to buy a house. Several announcements have also been made in the general budget regarding this scheme, making it easier for you to buy a house at Dwarka Embassy Area. Today, we will tell you along with this plan and how you can take advantage of this scheme.

First- Apartments in place of slum settlements, flats will be given to people living here in the slum under New Delhi Awas Yojna. Second - Cheap home through subsidy related to the credit, in which EWS and LIG categories will be built, in which the buyer will be given subsidy. Third - A cheap house under PPP, developers will be asked to make 35 percent affordable houses and developers will get central assistance. Fourth - subsidy on the construction of your home.

Which is the meaning of what you mean?

If you are from middle class and want to take an LIG flat then the second scheme is your mean. That is, you can take the LIG flat. Apart from this, you can also take a loan to build a house on your empty plot at Dwarka phase 2, in which you will get a subsidy. If income and family are small, you can apply for the EWS category of the third scheme i.e. the developers are doing.

Know whether you are fit or not

• If you want to take a cheap home, first you have to know whether you are eligible to join the scheme according to your income.
• If annual income is Rs 3 lakh (25 thousand months) then you can apply for EWS category.
• If your income is 5 lakh rupees (50 thousand months) annually, then you can apply for LIG category.

The size of the flat

• If you apply for EWS, you will get 35.3 square meters (approximately 475 square feet) flat
• If you apply for LIG then you will get 57.6 square meters (775 sq ft) flat.
• After the budget is implemented, you will get this flat carpet area accordingly. That is, you will be in a flat with a 775 square foot carpet area. Keep in mind that Finance Minister Nirmala Sitharaman will count the Affordable Housing with the Carpet Area instead of the built up area, which will increase the size of the cheap house by almost 30%.

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With New Delhi Awas Yojna Move to Dwarka and Enjoy a Healthier Quality of Life

If you have been working as a middle-class professional in Delhi then I am sure you have got tired paying unreasonably high rents for cubbyhole accommodations. Not to mention high levels of pollution and noise in these localities. Of course, this is not the surroundings you would want to raise you kids in.

New Delhi Awas Yojna

Well, the good news is now you do not have to live with it for long. Don’t tell me you have not heard of New Delhi Awas Yojna. It is the latest buzzword in Delhi’s real estate sector and has given home buyers like a reason to smile.

What does it offer, you ask? Why don’t I begin with the concern mentioned in the beginning above? Registration amount for 1 BHK unit is as low as 11,000 rupees. Yes, total price is within middle-class budget categories. Depending on your need and budget you can choose from 1 BHK to 4 BHK houses. There are three further choices in 2 BHK configuration, with study room options.

Coming to the location, I would say that it is the icing on the cake. New Delhi Awas Yojna 2019 is located in Dwarka. IT offers everything that you would expect from a modern and efficient suburb. Good schools, colleges and hospitals are aplenty. At the same time, the scheme offers you the ideal location in terms of Metro connectivity, close to Gurgaon and IGI airport.

Summary: New Delhi Awas Yojna finally makes a reality of what every middle-class home buyer in Delhi has been dreaming of all these years. You get the best in terms of planning, construction, spaciousness, green neighborhood. Also, Dwarka offers great connectivity and public institutions

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Delhi Land Pooling Policy - A Precious Gift for Delhi Development

A precious gift has been given by Anil Baijal (Lieutenant-Governor of Delhi) to Delhi named as Delhi Land Pooling (DLP) policy. The policy got the approval from the Delhi development authority (DDA) on 7 September 2018. Under this policy, the DDA will occupy the land own by the landowners and compose them in a big land for development.

The most favorable part of this policy is that the owner can receive back a fixed amount of the land after development. Land Pooling Policy will change the old criteria of land acquisition in which Government occupy the land by giving some compensation against the land and the ownership transfers to the Government. In the old policy, the landowners were uncomfortable due to less compensation and forcefully acquisition. 

It is a good chance for landowners to serve the city. In this way, they can play an important role in the development of the city. According to the scheme, if a landowner offers 2 to 20 hectares of land then he will get back his 48%, while for the 20% of land offered, the landowner will get back 60% of his land after the development.  So, to offer more land is beneficial for both the parties.

This policy will provide us with residential buildings and basic facilities like water supply, sewage system and drainage for daily life at a reasonable cost.

Now, on Land Pooling policy, Delhi Development Authority and Ministry of Housing and Urban Affairs working on online portal for land submission. this portal will Launch till end January 2019 We can expect something positive soon.

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