No Headline

Eligibility under PMAY

SwarnaGriha I is located in the industrial hub, Annenahalli, Tumkur. The site is in close proximity to various civic utilities. Due to industrial estates around the location, Annenahalli is well connected to several industries across Tumkur.

A thorough research on the demography showed that the vicinity is populated with around 30,000 employees working across various industry segments. This populace falls under government proposed categories eligible for PMAY scheme that includes EWS (Economically Weaker Section) with an income less than Rs. 3 Lakh, Light Income Group (LIG) with an annual household income ranging between Rs. 3 Lakh to Rs. 6 Lakh, Medium Income Group (MIG1) who earned less than Rs. 12 Lakh and Medium Income Group (MIG2) whose income is between Rs. 12 Lakh to Rs. 18 Lakh. Felicity Adobe meticulously planned the project in a way to provide housing needs for all the home buyers in these categories.

For buyers buying a home in SwarnaGriha I, the four criteria mentioned under PMAY scheme are mandatory such as beneficiary's maximum age to be 70 years, annual income less than Rs. 3 Lakh (for EWS), Rs. 3 Lakh to Rs. 6 lakh for (LIG) since Feb 2017, the beneficiary should not have an own dwelling unit on the name of any family member in any part of India and an adult female membership is mandatory in the property ownership. If these criteria are met, the buyer can avail a subsidy of up to Rs. 2.67 lakh.

Next series of SwarnaGriha

With the success of SwarnaGriha-I, Felicity Adobe is ruminating over building SwarnaGriha-II in Vasanthanarasipura in Tumkur. K N Shiva Kumar, President, Vasanthanarasapura Industries Association & Council Member of KASSIA, said, "We welcome the initiative of Felicity Adobe to build affordable houses in Vasanathanarasapura, which is the biggest industrial area in the country with 10,000 acres of land allocated to industries. We are happy that the housing needs of this region will be met by SwarnaGriha."

About Felicity Adobe LLP

Felicity Adobe LLP is a Limited Liability Partnership (LLP) firm that has two partners Hebron and Valente Lifespace Creators.

Media Contact:

Tejus V

marketing@swarnagriha.com

+91-80-43728002

Felicity Adobe LLP

Source: Felicity Adobe LLP

PRNewswire

DL

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)