Affordable housing has revolutionized the real estate and housing sector in India. It has propelled the much-required growth in the sector. Deen Dayal Jan Awas Yojna has done it by meeting the housing demand at an affordable cost. Since its launch, a lot of builders have come up with numerous projects under the policy, filled with world-class amenities.
Here are some of the benefits that you can avail by purchasing a house under Deen Dayal Jan Awas Yojna:
Home Loans – If you’re annual income is above the defined limit; you can easily apply for a home loan under the Deen Dayal Jan Awas Yojna. Not only that, but the property is also certified by the government. Hence, the time taken in processing the loan is less. You can get up to 100% loan on construction and up to 80% on plots and avail subsidies and low-interest rates.
Tax Relaxation – You don’t have to pay taxes on your capital gains. Now while selling an old or any property you can get tax relaxation by investing your gains in other property. This feature has been hailed by many realtors as it is a big relief which can encourage people to invest in real estate.
Certified by Government – All the projects under the policy are verified by the government. Before building a project, now builder must get approval by the government to get a license, only after getting an ascent from the government, builders can start the project. Not only that, after completing the builders also have to get an occupancy certificate as, without it, but builders also can’t sell it further.
Price range – This project envisages to provide affordable housing for low and medium potential towns. Hence, every project under this policy is affordable. Taken median income into consideration, RBI has defined the cost of an affordable house must not exceed INR 65 Lacs for metropolitan cities and INR 50 lacs for non-metropolitan cities.
Stilt Parking – This is an additional feature of the policy which is unlike any of its counterpart policy. The policy promises a stilt parking per apartment.
Deen Dayal Jan Awas Yojna: a policy envisioned to accelerate the real estate sector of Haryana by focusing on the development of affordable housing units. It aims at the development of High Density Plotted colonies in low and medium potential towns of the state wherein small plots are made available through a liberal policy framework. Under the rules of Deen Dayal Jan Awas Yojna, 15% of the builder’s land for constructing a project will be taken by the government for the community welfare. Established amidst beautifully landscaped gardens and new growth corridor – the Dwarka Expressway, these affordable apartments in Gurugram have all facilities within the complex from gyms to clubhouses. Located 15 mins drive away from all the major landmarks, corporate hubs like Cybercity and connected to Dwarka, Delhi NCR. MRG World offers its residents a life away from the maddening crowd and yet not be too far away from the hustle and bustle of the city.