Eligibility criteria of Pradhan Mantri Awas Yojana and how to apply for it?

Pradhan Mantri Awas Yojana or PMAY, also known as housing for all scheme, is an initiative by the government of India to provide affordable housing to urban poor. The mission is to provide houses for all by the year 2022. Let check out the eligibility criteria of this Yojana and how to apply for it.

Eligibility Criteria of PMAY

The government of India will use ‘The Socio Economic and Caste Census of 2011’ to select the list of the people who all can apply for houses under this scheme. This is done to avoid fraudulent as well as to ensure that only people who need the house can apply for it. The eligibility criteria are as follows:

· Indian citizens who are women can apply. There are extra benefits for women applicants.

· You cannot avail the benefits of PMAY if the house is already constructed. People will be allowed to buy or construct new houses only.

· Those who belong to the Low Income Group or LIG and Economically Weaker Section or EWS can apply for houses under this Pradhan Mantri Housing Scheme.  

· People who belong to Scheduled Castes and Scheduled Tribes are also eligible.

· Senior citizens and differently abled people will be given priorities like house on the ground floor for their convenience.

· There should be no pre-existing “pucca” house in the name of any family member of the family in any part of the country. If one meets this criterion, only then he/she is eligible to apply under Pradhan Mantri Awas Yojana.

· Any household with the total annual income between 6 lakhs to 18 lakhs can apply under this scheme. The applicant is also allowed to include the income of the spouse while applying for PMAY.

How to Apply?

· Once it is clear you are eligible to apply, you can visit the official website.

· Find “Citizen Assessment” Option under the “Menu” section, and then provide you Aadhaar Number, followed by your personal details.

· Once you enter all the information, click on “I am aware of” option, and click the “Save” button.

· Once you click the “Save” button, you will get the system generated application number that you need to save for future reference.

· Download the print and submit it to the CSC office centers and banks along with the required documents.

Now that you know the eligibility criteria and how to apply for PMAY, you can try the aforementioned steps to know whether you are eligible or not.

Some notable benefits of residing in Wave City

Looking at the rampant urbanization our country is going through, the resources are bound to deplete very quickly. This has made it pertinent to look for a home in a smart city that apart from being eco-friendly, also utilizes resources judiciously. There are many smart cities in India and Uppal Chadha’s Wave City in Ghaziabad is one fine example of intelligent living. So, what makes the Wave City so special?

Reasons to buy property in Wave City

World-class facilities and amenities

The city is planned in a meticulous way and has everything for a high-quality lifestyle, be it a theme park, fantasy land, or large golf course. In a bid to make the transportation system more effective and less time consuming, an overhead monorail system is also being planned. The residents will get all the basic facilities such as world-class medical facilities, clean industrial zones, commercial and public facilities and myriad educational options.

Smart metering

The Wave City will have 100% power back up and supply metered electricity under the aegis of smart metering. The system will be in accordance with a pay-per-use model, meaning a user will be charged according to the usage. Also, residents will be able to track the usage of the electricity through a mobile application and control usage when it exceeds the limit.

Bid adieu to water shortage

The residents are assured of uninterrupted water supply in the city. The water pressure is maintained in a manner that it reaches easily to the top-most apartments. The water leakages are detected automatically and the availability of water throughout the city is maintained well.

Heightened security

Homes inside the Wave City are secured in every way possible way. The vehicles entering or even passing by are observed very closely and the data stored is made available for close to 6 months. There will be constant monitoring via CCTV cameras inside the premises. Only authorized vehicles will be permitted inside the township. Guards will also be present 24×7 in the city to prevent theft and burglary. So, Wave City will be a virtual fortress.

So with all these features, Wave City is an ideal destination for those looking for a safe and secure investing option in the Delhi NCR region.

Important Documents to Have in Place When Investing in a Property

Real estate has always been one of the most popular investment options amongst people. As the value of real estate ideally goes up over time, and the cash flow from it is more predictable than most other investment options, purchasing a property in Ghaziabad, Noida, Delhi, or some other flourishing city would definitely be a prudent move for any investor. However, while investing in a property, it is important that people make sure that they have all the relevant documents in place to ensure the viability of the deal. 

Here are some important documents people should have in place while purchasing a property: 

· Sale Deed: This is an extremely important legal document that acts as a proof of sale of the property, as well as its transfer of ownership from the seller to the buyer. The sale deed of a property has to be mandatorily registered. Prior to the execution of the sale deed, the buyer should see to it that the property has a clear title, and the seller has settled various statuary payments like the electricity charges, water charges, property taxes, etc.

· Mother Deed: Also referred to as the parent deed, this legal document ideally traces down the antecedent or the original owner of the relevant property. This deed includes details and information regarding the changes in the ownership of the property over time, whether it is through sale, inheritance, gift, or partition. In case there is no mother deed for the property, the buyers must obtain the necessary certified copies from the appropriate authorities.

· Building Approval Plan: This document ideally is meant to certify that the relevant building layout is approved by the planning authorities in charge of it. These authorities generally sanction the approval plan for a building on the basis of plot depth, floor area ratio, road width, and zonal classification.  

· Encumbrance Certificate: This document states and certified whether the property in question has any monetary or legal liabilities attached. Buyers can always obtain this certificate from the office of the appropriate registration authorities. 

Having these documents in place when investing in a property in Ghaziabad, Noida, or any other city for that matter, is of extreme importance as these documents seal the credibility of the purchase.

What sets hi-tech city apart from other real estate projects?

Situated adjacent to the NH-24 in the eastern part of Delhi, Wave City, also known as Uppal Chadha Hi Tech City in Ghaziabad, is an architectural marvel, having state-of-the-art independent floors, villas, mid-rise apartments, and shops and office spaces. Every residential and commercial space available in this project redefines luxury with superior finishing, high quality and stylish fittings, and soaring ceilings. It has all the amenities of a modern-day development such as modular kitchen, gymnasium, round-the-clock CCTV security, etc.

Some of the Unique Features of the City are:

Good Water Supply System

The development offers a water management system that promotes judicious and appropriate usage of water. The system provides uninterrupted water supply to all the inhabitants and has the ability to spot any kind of leakage. Additionally, the system ensures that there is no water theft, and charges residents according to the usage. These apart, there is also a provision for residents to file complaints on the 24x7 web-enabled Complaint Management System.

Efficient Street Lighting

The city also has an efficient street light automation system to ensure that its precincts are lit up throughout the night. The system is devised in such a way that the street lights turn off automatically at the break of dawn. The system also minimizes light pollution and detects any issues with the lights easily.

Robust Waste Disposal System

To keep the surrounding free of pollution, it is imperative that the wastes are disposed of properly. The waste management system at the hi-tech city keeps the area eco-friendly, clean, and also creates the manure for horticulture. The organic waste converters in the system suppress the Co2 emission to a large extent. Additionally, it generates biogas, which is used for common services like street lighting.

Weather Updates

The Information & Communication Technology at the realty development keeps informing the residents about changes in air quality index and temperature. With this system, the residents can gain knowledge about heat index and wind chill in advance. Accidents can also be curtailed to a great extent as the system provides visibility status. It also informs residents about impending storms.

The Uppal Chaddha HiTech City in Ghaziabad, a self-contained gated community with all the facilities associated with a contemporary setting, can be an ideal investment opportunity in the real estate sector.