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Latest Update on 01/08/2020
Union Government has approved the recently announced scheme to provide budget rental accommodation to poor and migrant workers in the urban area.
Ministry has launched the affordable rental housing complexes under the PMAY-U as a part of Atma Nirbhar Bharat Abhiyan.
It is an effort to provide affordable living space to the urban poor.
Velocity wishes to contribute to realizing the dream of Prime Minister by way of assisting people to buy their dream home at a very affordable price.
We have several options in this segment to cater to the need of customers in the affordable segment. We have authority apartments as well as apartments of private builders.
These apartments are available in various prime locations of Noida, Greater Noida, Yamuna Expressway, and Noida Extension.
We highly recommend buying these properties, which are available at a very economical price.
Affordable housing refers to the housing units that are affordable for those with income below the average household income.
Q.What are the different categories of affordable housing?
In India, affordable housing is provided for middle-income people and the economically weaker section (EWS) and low-income group (LIG). They have considerably low levels of income.
In a view to divert developers from the luxury segment to affordable segment, Indian govt. decided that the affordable housing segment will get infrastructure status, which means many benefits to developers in terms of tax, completion time, enhanced refinancing facility, etc.
Credit Linked Subsidy Scheme is one of the components under the Pradhan Mantri Awas Yojana (PMAY). Under it, the central government offers interest subsidy on home loans availed by applicants who fall under EWS (Economically Weaker Section)/LIG (Low Income Group)
(Exclusively marketed by Velocity Propbuild Private Ltd. having corporate office
at SNG Plaza, Near Pari Chowk, Greater Noida. U.P.)
Give wings to your dreams and book your apartment by just Paying Rs.11000/-
Project Name. : SDS Affordable housing
Location: Pari Chowk, Greater Noida, U.P.
Type. : 1 BHK
Super Area: 363 Sq.ft.
Possession: Ready to move
Specifications: Electrical-Copper Concealed Wiring, lights, Plug Points
Flooring- vitrified tiles
Wall -finish internal Wall Plastered and Painted
External finish- long-lasting Paint
Doors/Windows & bathroom fittings
Bank Loan. : HDFC & UBI
Parking. : Covered parking for Bike with each Flat
Approval & Registration: Project has attained all the approvals such as CC, O.C., and flat can be registered
Velocity housing is having more option for Affordable housing in Noida Extension and Greater Noida
Greater Noida Industrial Development Authority has launched Residential Scheme BHS-16/2013 to fulfill the dream of economically weaker class and low-income group to own a house and invited applications to form for registration of four-storied flats in Sector - MU-II, Greater Noida & Sector-10 Greater Noida West.
If you missed the opportunity and could not book the flat, it is not late even now, still, you can buy a home at extremely affordable prices.
A total of 7215 flats were built in both the sectors, out of which 5250 affordable units of 30 sq.meter has been developed in sector Mu-II and remaining in sector-10 Greater Noida west U.P.
These are ready to move in flats with complete basic amenities to live a peaceful life. What are you waiting for, grab the opportunity, and turn your dream into reality. We at velocity facilitate the complete process till the registry. We also guide to avail housing loan and subsidy in a view to support our buyer in gaining the benefit of interest subsidy provided by govt. through PMAY, housing for all CLSS for EWS & LIG.
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Yamunotri Houses Project is registered on RERA from the following RERA ID – UPRERAPRJ9384 GH-06, SEC-22A, YEIDA, PHASE 1 (YAMUNOTRI) & UPRERAPRJ8947 GH06, Sec-22D, YEIDA. YEIDA (Yamuna Expressway Industrial Development Authority) has developed the Yamuntori Houses in Sector-22D Yamuna Expressway, Noida. Yamuna Expressway Industrial Development Authority is responsible for developing well-designed apartments in Yamuna Expressway, Noida.
The Yamunotri Houses project includes a total of 2,862 units, sprawled over a beautiful landscape. Sizes of these one and 2-BHK apartments range from 525 sq. ft. to 880 sq. ft. That is quite enough space to live comfortably. As Yamuntori Houses are in Sector-22D Yamuna Expressway, Noida, all popular landmarks like hospitals, banks, schools, and colleges are easily accessible from here.
The location is surrounded by well-developed areas such as Sector-25 Yamuna Expressway, Sector-17A and Sector-17B Yamuna Expressway, Sector-19 Yamuna Expressway, and Sector-22A Yamuna Expressway. Apart from these location-advantages of buying a place in Yamuntori Houses, these apartments offer various amenities to enrich your life even more.
Authority has planned to construct stilt+ 4 storeyed LIG and stilt+16 storeyed M.I.G. Houses. Construction of boundary wall in Gh-10 has been Completed. In GH-06, Work for Construction of 1280 L.I.G. Flats has been awarded.
We wish everyone in India should have his own home.
Q.What are the criteria of EWS (Economically Weaker Section)/LIG (Low Income Group)?
EWS refers to those households whose annual income is up to 3 lakh, and LIG refers to those households whose annual income is Rs. 3 lac to 6 lac.
Q. What do you mean by MIG- I & MIG-II?
MIG -I refer to those households whose annual income is Rs.6.01 lac to Rs.12 lac, and MIG-II refers to those households whose annual income is Rs. 12.01 lac to 18 lac.
Q. Can I avail the benefit of this scheme if I fall into any of these categories?
No, there are many eligibility criteria, and you should meet all these criteria.
Q. What is the eligibility to avail the benefit of interest subsidy under PMAY?
Eligibility criteria:
Q. What is the maximum subsidy amount for each category?
The subsidy is given on interest-only & the maximum subsidy amount is
EWS/LIG - - Rs.2.20 lac
Revised EWS/LIG - Rs.2.67 lac
MIG - I - Rs.2.35 lac
MIG - II - Rs.2.30 lacer
Q. What is the carpet area limit for affordable housing?
Any house built on an area of 60 square meters or less in metros and 90 square meters or less in non-metro cities with a ceiling value of 45 lac in both the cases will now be categorized as affordable housing.
Q. What is the deadline for the Credit link subsidy scheme (CLSS)?
The Government has announced on Thursday (May 14, 2020) extension of the deadline for the affordable housing credit link subsidy scheme till March 2021. The period for CLSS had expired on March 31, 2020. The announcement was the part of the second trance of the govt-relief package.
Q . What is an affordable rental housing scheme announced by finance minister Nirmala Sitharaman?
The Central Government will soon provide affordable rental houses to migrant workers and urban poor. It was announced on May 14, 2020, in the relief package announced by FM.
The scheme will be brought under Pradhan Mantri Awas Yojana (PMAY) scheme.
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