Pradhan Mantri Awas Yojana Gurgaon: Objectives, Eligibility and Benefits

Highlights
PMAY Gurgaon aims to offer affordable housing for all
The MCG has planned to construct around 37,000 houses
PMAY CLSS grants interest subsidy of up to Rs.2.67 lakh
Avail CLSS benefits on a pre-approved home loan

Pradhan Mantri Awas Yojana, a Government of India scheme, envisages affordable housing for all by 2022. PMAY encourages the construction of affordable housing in every Indian state, thus offering more choices for first-time homebuyers. The scheme comes as a major relief to first-time homebuyers combating appreciation in real estate prices, as it encompasses a Credit Linked Subsidy Scheme. PMAY-U (urban) and PMAY-R (rural) are the two components of Pradhan Mantri Awas Yojana, and PMAY Gurgaon falls under PMAY-U.
Read on to know more about Pradhan Mantri Awas Yojana in Gurgaon.

Pradhan Mantri Awas Yojana, Gurgaon

According to a 2018 report, the Municipal Council of Gurgaon (MCG) has declared that they will construct around 37,000 houses as part of the PMAY initiative. Further, the government of Haryana has already chosen around 27,000 individuals for PMAY benefits under the following components:

Affordable housing in partnership with both public and private sector developers
Beneficiary-led house construction
Affordable housing through CLSS (Credit Linked Subsidy Scheme)

All these components greatly aid a homeowner like you. For instance, as a beneficiary of the CLSS initiative, you can gain access to subsidised credit to make your purchase.

Vision of PM Awas Yojana, Gurgaon

Pradhan Mantri Awas Yojana Gurugram is part of PMAY in India, a scheme that aims to provide affordable housing to all by 2022. According to reports, government agencies like MCG, HUDCO and HSIIDC will join hands to power PMAY in Gurgaon. Further, the Haryana government’s vision extends to old cities in urban areas and in 2018, a new affordable housing policy was under consideration for these localities.

Important Dates for PMAY Gurgaon

Pradhan Mantri Awas Yojana Gurugram, Haryana comes under PMAY U and as such, the scheme that commenced in 2015 will come to a close in 2022. Nevertheless, in case you are interested in CLSS benefits, it’s important to note that as a Middle-Income Group beneficiary, the CLSS scheme is valid for you until 31st March, 2020. For the other eligible beneficiaries, the scheme stays valid until 31st March, 2022.

PMAY Know Everything About Pradhan Mantri Awas Yojana

PMAY Eligibility Criteria and Documents, Gurgaon

To get eligible for the Pradhan Mantri Awas Yojana Gurgaon, you must qualify for the scheme under one of these income categories.

EWS (Economically Weaker Section): Your annual household income should be less than Rs.3 lakh.
LIG (Lower Income Group): Your annual household income must be over Rs.3 lakh and within Rs.6 lakh.
MIG-1 (Middle Income Group-1): Your annual household income must be over Rs.6 lakh and within Rs.12 lakh.
MIG-2 (Middle Income Group-2): Your annual household income must be over Rs.12 lakh but within Rs.18 lakh.

Keep in mind that to qualify for the PMAY scheme, you or any of your family members should not own a pucca house in any part of the country. Similarly, you or your family members must not have availed Central assistance via Govt. housing schemes. You need to be a first-time homebuyer and here, your family comprises you, your spouse, and your unmarried children.

To prove your eligibility for Pradhan Mantri Awas Yojana Gurgaon, keep the following documents handy.

Identity proof such as PAN card, Aadhaar card or driver’s license
Address proof such as Aadhaar card, property tax receipts or latest utility bills
Income proof such as bank statements, salary slips, or ITR
Property documents such as receipts of payments made to the developer, allotment letter or agreement to sell
Other documents such as documents related to current loans and their repayment track record

Pradhan Mantri Awas Yojana Beneficiary List, Gurgaon

You can check if you qualify for the PMAY benefits online through the official PMAY website. Follow these steps to know if your name features in the PMAY list.

Log on to the PMAY website at https://pmaymis.gov.in/
Click on the ‘Search Beneficiary’ option
Key in your Aadhaar number and click on ‘Show’
Go through the list of details to check if you are a beneficiary

After verifying your name on the PMAY list, avail CLSS benefits of up to Rs.2.67 lakh by applying for a Bajaj Housing Finance Limited Home Loan. Here you can get a large sanction of up to Rs.3.5 crore that you can repay over a tenor of up to 20 years. Moreover, you can enjoy the benefits of a property dossier, a top-up loan and nil charges on part-prepayments and foreclosure. Further, to streamline the application process and hasten disbursal you can check your pre-approved offer before applying. So, avail this loan and become a proud homeowner in Gurgaon.

Disclaimer:
PMAY subsidy scheme for MIG I & II category is not extended by regulatory. Category wise scheme validity is mentioned below:
1. EWS & LIG category is valid up to 31st March 2022
2.MIG I & MIG II category was valid up to 31st March 2021

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Pradhan Mantri Awas Yojana Gurgaon: Objectives, Eligibility and Benefits

Highlights