Property 14/01/2022 0 Comments

Why you should know everything about EWS Housing Scheme

Everything you should know about EWS Housing Scheme

With EWS housing scheme, the government’s main objective is to provide affordable houses to those who need it the most.

Having your own dream is among the most important effects in life. It provides you with a sense of belonging, fiscal security, and protection. still, with real estate prices adding more and more every day, erecting your home isn’t a cakewalk. In order to help the weaker sections of society achieve this dream, the Government of India has launched the Pradhan Mantri Awas Yojana (PMAY) and made EWS Housing affordable.

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Lower- income groups and economically weaker sections can claim interest on their casing loans from the government for accession, construction, enhancement, and extension. Under this scheme, all the construction materials are eco-friendly, use sustainable technology, and the scheme follows strict eligibility criteria.

For EWS housing Scheme, you can take a loan for 20 years at an interest rate subsidized at 6.5%. Ground bottom homes will be distributed to the differently-abled and elderly citizens. The construction for EWS Housing will rigorously cleave to the guidelines as per the National Building Code and BIS codes.

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The complete construction will take place in 3 phases and will cover 4041 municipalities and civic areas. Under Class 1, there are 500 metropolises that will be preferred.

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