– Harika Solasa
Possibilities on low-cost housing in India
Everyone has a dream of their own house. Most people dream about that but can’t afford it when it comes to reality. Because there are a lot of issues.
For Example, A middle-class family has to maintain so many things for their living. And they have a dream about their own house. They all are maximum try to put theirs affords but the cost of living increases day by day. And they think about buying a house then it will be very burdensome to them. If they have their own house then they can save that rent amount which they spend more on. But In the span of their total life, only some people succeed and maximum are in their dream only.
So here the information on the Possibilities of Low-Cost Housing in India. There are so many possibilities when we seriously look into that. With the help of these possibilities, our dream will come true in reality at an affordable price. We need a house where we spend a lot of time with our family members. It is everyone’s favorite place in the world.
These are the possibilities that we have is:
The materials commonly used for modern low-cost construction are
- Bamboo House
Bamboo is used for many things. It is completely Eco-friendly. Bamboo houses are to be strong and safe. This natural house material is better than concrete during earthquakes. It is lightweight and also flexible.
- Concrete sheet for house
These houses will be saving energy, concrete homes are also fire-resistant. There is much less chance of extensive damage than there might be in a home built by other methods. Few concrete block homes collapse after the fires.
- Tiny House
These Tiny Houses are very well known in other countries and in India also in some places this movement started and people work on this. The benefits of this Tiny House are Environmentally friendly, Simplicity, Easy Maintenance, Mobility, Multi-functional, and also it is available in Low Cost.
- Eco-friendly straw houses
These types of houses have many advantages like Good Sound insulation, Breath-ability, Low risk of fire and also Good for Environmental care.
Govt. scheme on Affordable Housing in India
Prime Minister Awas Yojana (PMAY) Urban:
It is launched by the Central Government that wishes to provide “Housing for All” in urban areas by the end of 2022 through PMAY-U. PMAY provides central assistance for all eligible families across the nation. This scheme is classified on the basis of annual income and size of the house:
- To enhance the purchasing power of a large number of families across the nation by providing interest subsidies.
- Families may get interest subsidies on their home loans based on their income category.
- Families are eligible to apply for PMAY. Any of the family members should not own a house in any part of the country.
- The amount can be used for the renovation of a current house or purchasing a new house.
- The houses constructed/acquired should be in the name of the female head of the household or in the joint name of the male head of the household and his wife
Reference of source: https://homefinance.adityabirlacapital.com/