Deen Dayal Jan Awas Yojna Benefits

Deen Dayal: Everything You Need to Know Yojna Jan Awas

For all of us, home is a secure refuge. House is a house, no matter how big or small it is. It provides both financial and mental security. When you have a location that you can call your own, everything appears to fall into place. It is one of life’s most basic requirements. If you already have a home, consider yourself fortunate! Many people, on the other hand, have decided to leave their joint families and create their separate homes. Thanks to the Indian government’s affordable housing projects.

What is the Deen Dayal Jan Awas Yojna, and how does it work?

Dayal, Deen Jan Awas Yojna is a Haryana government programme that uses a liberal policy framework to support the building of high density planned communities in Haryana’s medium and low potential towns.

The goal of launching this project is to stop unauthorised colonies from sprouting up and meet the goal of “Housing for All by 2022.” This scheme is part of the Prime Minister Awas Yojna (PMAY) and was approved under Haryana’s consolidated licencing policy in 2015. Developers or builders are allowed to create housing societies or colonies in 5 acres to 15 acres of land bank under the provisions of the DDJAY. The most remarkable aspect of this programme is that prospective buyers can get a loan of up to 70 percent.

Deen Dayal Jan Awas Yojna offers buyers a number of advantages.

• Under this system, buyers have the option of purchasing freehold, loanable, or litigation-free lands. Under the government’s credit-linked interest subsidy scheme, the Pradhan Mantri Jan Awas Yojna (PMAY), first-time house purchasers are also eligible for an interest benefit of up to 2.35 lacs.
• Developers can register four independent levels on each site under the Deen Dayal Awas Yojna programme, with stilt parking and a lift.
• Because each floor is eligible for its own registry, different bank loans can be obtained for each floor. On each plot, the overall FAR is 2.68.
• Only 50% of plots can be given under the Deen Dayal Jan Awas Yojna scheme before they are developed. The remaining 50% of plots are only available for assignment or sale after the township is completed or after acquiring a completion certificate from the Haryana Government’s Director of Town and Country Planning (DTCP).
• The developer or colonizer must give the government 10% of the permitted colony’s land for the building and maintenance of community infrastructure.
• The DDJAY town planning system is only permitted in residential zones of towns, as defined by master development plans.
• External development charges and licensing fee rates have been considerably decreased, while infrastructure development and conversion charges have been eliminated, in order to attract private colonizers to establish these colonies.
• The CLU will be approved after 90 days of application.
• The maximum land size allowed under DDJAY is 150 square meters (180 sq. yards). 240 and 400 persons per acre are also the maximum and minimum densities per acre, respectively.
• The licence price for medium potential towns will be Rs 1 lac per acre, while the fee for low potential towns will be Rs 10,000 per acre under Deen Dayal Awas Yojna. EDC charges for high and hyper potential zones will be the same as for conventional planned townships. The EDC charges in Sohna are roughly Rs 90 Lacs per acre.
• The developer or colonizer is in charge of selling the licensed land in two stages. The 50 percent licenced land can be sold after the internal development work of the entire township is completed. The colonizer must mortgage 15% of the saleable territory in order to do so.
• The colonizer is expected to give the government ten percent of the permitted territory for the establishment of community facilities.
• All developers must complete their housing projects within seven years of receiving their licence.
• Under the supervision of the state government, private home construction companies construct all of the apartments produced under the Deen Dayal Jan Awas Yojna.
• The Deen Dayal Jan Awas Yojna initiative will undoubtedly reduce the number of illegal colonies in the state.
• Deen Dayal Jan Awas Yojna allotments are made on a first-come, first-served basis, unlike other affordable housing schemes that use a lottery system.