The Government of Andhra Pradesh launched the YSR housing scheme on June 3, 2021. Also known as the YSR Jagananna Housing Scheme, this scheme is a move by the AP Government to provide housing for the poor. It is implemented by Andhra Pradesh State Housing Corporation Limited and under this scheme, the Government is expected to spend Rs. 28,000 crores for the construction of about 15.6 lakh houses.
Chief Minister of Andhra Pradesh YS Jagan Mohan Reddy launched this scheme on June 3 2021. It’s informally also known as Jagan Housing Scheme after the CM of AP inaugurated this project. A total of 30 lakh houses will be built over two phases. Phase 1 includes the construction of 15.6 lakh houses with an investment of Rs. 28,000 crore. This phase is scheduled to be completed by the end of 2022.
After that, the second phase of the project will commence, which will require the construction of more than 12 lakh houses at an investment of more than Rs. 22,000 crores. An interesting fact about this project is that the government will issue all property deeds under the name of women’s family members.
PMAY-YSR Urban Housing Scheme is a joint initiative of the Central Government and the Government of Andhra Pradesh. This aims to provide permanent houses to people living in urban areas of Andhra Pradesh. The governments will focus on urban poor, middle and lower-income level people while constructing and distributing houses under this project. Central Government has sanctioned a sum of Rs. 5,000 crore and State Government has also committed a sum of Rs. 1,000 crore.
This is a collaboration between Central Government and the State Government to build houses in rural areas. Under this, the land is given free of cost by the AP Government. The beneficiaries under this scheme can modify their units. They can also ask for monetary assistance of Rs. 1.8 lakh to take up construction on their own.
Here are the eligibility criteria related to the housing scheme:
Steps to apply for Jagan Housing Scheme online are as follows:
Visit the official website of Andhra Pradesh Housing Corporation Limited.
Register on the website.
Log in with your credentials.
Fill up the form with all the necessary details.
Upload supporting documents to complete the process.
Submit the application form after revising thoroughly.
Apart from the online mode, individuals can also get YSR housing scheme application form by visiting the local collector’s office.
Beneficiaries can check the YSR housing scheme status online by following these simple steps:
Houses constructed under this scheme are energy-efficient. Construction of these houses has taken place using Indo-Swiss energy-efficient methods, which can reduce the temperature by 2-4 degrees and also reduce energy consumption by 20% than normal.
YSR housing scheme is a mammoth infrastructure generation project which will require a huge amount of labour and capital. APHCL will need 30 different categories such as painters, artisans, masons, carpenters, etc., to build thirty lakh houses. It will lead to the generation of significant employment opportunities.
As per an estimate, around 21 days of work may be generated with the execution of the project. Additionally, the AP Government has created a separate post of a joint collector to ensure proper implementation of the project.
Gunkalam colony is the largest site in Andhra Pradesh under the housing scheme. It is a YSR housing model site covering an area of 397 acres and 12,301 plots. The layout mentioned several basic amenities like schools, parks, clinics, hospitals, libraries, drinking water facilities, police stations, etc.
YSR housing scheme is one of the largest welfare projects by the AP Government to provide housing to the poor. Apply to this scheme as soon as possible as allocation may be done on a first-come, first-served basis. Follow the process mentioned above and register to benefit from this scheme.
Ans. One can conduct an AP housing beneficiary search by logging in to the APHCL portal. There, one can select the beneficiary search option and fill in the details of the beneficiary one wants to search for.
Ans. The major objective of this scheme is to provide pucca houses to BPL and other poor residents of urban and rural areas in the state. The goal is to finish the project’s first phase by the end of 2022.
Ans. This smart town is exclusively built for low and middle-income communities of Andhra Pradesh. Individuals having an annual income between Rs. 3-18 lakh can apply to receive a house in this smart town. The town has all modern smart facilities that will improve the standard of living of its residents.
Ans. Here are the steps one can follow to check YSR housing scheme list:
Step 1: Visit the official website of the housing scheme.
Step 2: Click on the final beneficiary list option.
Step 3: Select the district, and the beneficiary list for that district will be displayed on your screen.
Are you looking to buy that house you’ve been eyeing 🏠 and you need a loan of up to ₹5 crore. Install the Navi app now and get instant in-principle approval right away! Interest rates starting at 8.60% p.a.
Disclaimer: This article has been prepared on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this article is for general purposes only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party. The article does not warrant the completeness or accuracy of the information, and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision taken on the basis of this article.
|Home Loan Interest Rate||Home Loan EMI Calculator||Home Loan Tax Benefits|
|Home Loan Prepayment Calculator||Minimum CIBIL Score For Home Loan||How to Apply for Home Loan|
|Home Loan Prepayment||NBFC Home Loans In India||Home Loan Stamp Duty|
|Home Loan Balance Transfer||Home Loan Types||Home Loan Process|
|NRI Home Loan||Home Loan Insurance||Benefits of Joint Home Loan|
|Documents Required For Home Loan||Top Banks And NBFCs for Home Loans||Home Loan For Women|
|Home Construction Loans||Home Loan Sanction Letter||Loan Against Property Interest Rates|
HSBC Bank Home Loan Interest Rate April 2023HSBC offers a variety of home loan products designed for Indian citizens and NRIs (Non-Resident Ind... Read More »
Axis Bank Home Loan Interest Rate April 2023Axis Bank home loan interest rate starts at 8.75% p.a. The bank offers home loans up to ₹5 crore ... Read More »
Karnataka Bank Home Loan Interest Rate April 2023Karnataka Bank home loan interest rate starts at 9.26% p.a. The bank offers an array of home loan s... Read More »
BBMP Property Tax – How to Calculate, Check Status and Pay Tax?The Karnataka State Government imposes this tax on the residents of the State who own properties in... Read More »
Union Bank of India Home Loan Interest Rate April 2023Union Bank of India offers up to 90% of the property value as home loan. Union Bank home loan inter... Read More »
Hartalika Teej in India 2023 – Muhurat and Rituals (18th Sept)Hartalika Teej is an auspicious festival for Hindu women. The day is mainly dedicated to Goddess Pa... Read More »
Bank of Baroda Home Loan Interest Rate April 2023Bank of Baroda (BoB) home loan interest rate starts at 9.15% p.a. For the salaried and 9.25% ... Read More »
Stamp Duty in Thane 2023 – Property Registration ChargesIn India, every State government levies a stamp duty on property transfers. The location, type of p... Read More »
Stamp Duty in Karnataka 2023 – Property Registration ChargesIf you have recently purchased a property in Karnataka, you are liable to pay stamp duty in Karnata... Read More »
Stamp Duty and Property Registration Charges in TelanganaThe state government in India is in charge of defining rules and standards and managing the collect... Read More »
Stamp Duty and Property Registration Charges in PuneStamp duty and registration charges need to be paid to the state government to register your proper... Read More »
Apply for EC Online in Karnataka 2023 – Fees and ChargesThe Government of Karnataka has introduced an online service portal (the Kaveri Online Services por... Read More »
Top 10 Chit Fund Schemes in India in 2023Chit funds are one of the most popular return-generating saving schemes in India. It is a financial... Read More »
10 Best Gold ETFs in India to Invest in April 2023Gold ETFs or Gold Exchange Traded Funds are passively managed funds that track the price of physica... Read More »
10 Best Demat Accounts in India for Beginners in 2023Creation of Demat accounts revolutionised the way trades were conducted at the stock exchanges. It... Read More »
20 Best Index Funds to Invest in India in April 2023What is an Index Fund? An index fund is a type of mutual fund or exchange-traded fund (ETF) that... Read More »
Best Arbitrage Mutual Funds to Invest in India in April 2023Arbitrage funds are hybrid mutual fund schemes that aim to make low-risk profits by buying and sell... Read More »
10 Best SIP Plans in India to Invest in April 2023What is SIP? SIP or Systematic Investment Plan is a method of investing a fixed amount in ... Read More »
10 Best Corporate Bond Funds in India to Invest in April 2023Corporate bond funds are debt funds that invest at least 80% of the investment corpus in companies ... Read More »
10 Best Bank for Savings Account in India [Highest Interest Rate 2023]Savings account is a type of financial instrument offered by several banks. It lets you safely depo... Read More »