NTR housing scheme offers affordable homes via subsides
AP NTR housing is a part of PMAY with the same objectives
It also offers affordable reconstruction of existing homes
NTR housing scheme has both rural & urban categories
With an objective to provide affordable housing to residents of the state, the Andhra Pradesh government rolled out the NTR housing scheme in 2016. This affordable AP housing scheme comes under PMAY and observes the same objectives of ‘housing for all’.
The NTR housing scheme caters to the underprivileged belonging to both urban and rural areas of the state. Earlier this year, Chief Minister N Chandrababu Naidu inaugurated over 4 lakh budget homes under the third phase of the AP housing scheme. To assist the poor in securing a permanent roof over their head, the scheme offers a low-interest NTR housing loan via approved financial institutions to eligible beneficiaries. Read on to know about the NTR Housing Scheme in detail.
Following suit of PMAY, the AP NTR housing scheme aims to facilitate:
Under the AP NTR housing scheme, the unit cost for various home sizes are as follows:
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The houses will be equipped with the following star rated appliances that are energy efficient:
The scheme offers the following interest subsidy via NTR housing loan:
To be eligible under the scheme, you have to meet the following eligibility criteria:
When applying for the NTR housing loan, this scheme, you are required to submit the following documents:
As this scheme is a part of PMAY, the NTR house scheme application is the same as that of PMAY. To initiate the process, you have to fill an online application form available on PMAY’s website. Here are the steps:
Your application will then be verified. If you are eligible for the scheme, you will receive intimation via email and residential address.
You can also check the beneficiary list to see if you are selected to become a homeowner under this scheme. Follow these steps:
Once you are selected as a beneficiary under the scheme, your next step is to find a suitable lender who offers value-added features on an NTR housing loan that make for an excellent borrowing experience. For instance, Bajaj Finance Housing Limited offers a Home Loan of up to Rs.3.5 crore at nominal interest rates that you can pay via a flexible tenor of up to 240 months. To expedite your financing to become a homeowner this year, you can check your pre-approved home loan offer from Bajaj Housing Finance Limited to view your customized deal.
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