Affordable housing schemes in India



India, being the second most populated country in the world, is fast emerging as one of the biggest investment destinations in real estate.

Press Release

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India, being the second most populated country in the world, is fast emerging as one of the biggest investment destinations in real estate. However, it witnessed a wide gap between the demand, availability, and affordability of people. In order to ease the financial pressure and make housing accessible and available to all, the central government and state governments came up with several housing schemes catering to different segments and groups of society. Let’s find out more about them and understand the beneficiary portfolio, goals, and achievements of the schemes.

Central Government Schemes:

Pradhan Mantri Awas Yojana (PMAY)

One of the major flagship schemes implemented by the Ministry of Housing and Urban Affairs, the Pradhan Mantri Awas Yojana, was launched for both urban and rural populations with the aim of providing pucca houses to all income groups to reduce the widening gap between availability and affordability. Thus, the scheme is classified based on the annual income of a household to provide financial assistance to different income groups. From low-income groups (LIGs) to middle-income groups (MIG) to economically weaker sections (EWS), PMAY covered all segments.

State Government Housing Schemes:

Tamil Nadu Housing Board:

With an aim to reduce the gap between the demand and supply of dwellings in Tamil Nadu, the board fulfils the most ambitious dream of owning a home. The board has several sub-schemes rolled out for different parts of the state, which include Besant Nagar Division, Thanjavur Housing Division, Trichy Housing Division, TNHB Erode Housing Division, TNHB Coimbatore Housing Unit Scheme, etc.

Delhi Development Authority

Each year, the Delhi Development Authority invites applications on its website intending to provide flats at an affordable rate to people from different sections of society and income groups. This year, the DDA has planned to offer houses to waitlisted individuals under the DDA Special Housing Scheme 2021. The authorities will provide a total of 18335 homes to poor people on a “first come, first served” basis to those belonging to HIG, MIG, LIG, JANTA, and EWS sections.

Maharashtra Housing and Area Development

MHADA was established by the Maharashtra government to fulfil the need for affordable housing across Maharashtra. It launches its new projects at prime locations in each city and also focuses on the redevelopment of slums to help the poor and needy raise their standard of living. The MHADA lottery also launches its projects in Pune, Konkan, and other parts of the state. MHADA 2022 Mumbai launched its projects in Ashokvan, Chandivali, Powai, Shankar Nagar (Chembur), and Shastri Nagar.