Affordable housing has been a key objective that the central government and various state governments have been promoting passionately. The affordable housing schemes that state governments run are designed to promote urban development and empower the general populace to own property. If you are a resident of Haryana and want to realize your dream of becoming a homeowner, then the HUDA housing scheme is definitely something you should explore.
Here are all the things you should know about Haryana’s HUDA housing scheme:
What is HUDA Housing Scheme?
The Haryana Urban Development Authority (HUDA), also known as the Haryana Shahari Vikas Pradhikaran (HSVP), is the body behind the HUDA housing scheme. The scheme was launched in 1962 to give the members of different income categories an opportunity to own real estate at affordable prices. At the same time, the scheme was intended to promote infrastructure development in a structured manner and develop multiple urban estates across the state.
Based on upcoming and ongoing development, HUDA announces plot allotments every few years and opens up a window for registration. Interested applicants can register for the upcoming HUDA plot scheme on the official HUDA website by paying a nominal fee. Applicants are selected for plot allotment based on a lottery system with a fair and equitable chance of selection.
Every plot is opened for an auction upon allotment, and the selected applicant must pay the EDM (Earnest Money Deposit) in the specified time. The applicants must then pay 25% of the total cost of the HUDA plot within 30 days. The remaining amount can be paid within six months or 180 days of allotment. If the applicant is unable to make the payments within the specified time frame, their right to the plot is revoked, and the same allotment is offered to another candidate.
While both commercial and residential plots are allocated in the new sectors being developed by Haryana state, the scheme is most famous for its affordable housing options.
HUDA Housing Scheme 2022
The most recent announcements were made under the upcoming HUDA plot scheme of 2021-22. Under this, the HSVP announced the auction of 1000 industrial and residential plots. Plots can be of the following standard sizes:
- 2 Kanal (10890 sq. ft.)
- 1 Kanal (5445 sq. ft.)
- 10 Marla (2722.5 sq. ft.)
- 8 Marla (2178 sq. ft.)
- 6 Marla (1633 sq. ft.)
Once the plot auction opens, bidders can select the location, plot and size and bid against the asking price. The auction is managed online, and all applicants have complete visibility of the proceedings.
Areas Covered Under HUDA Residential Scheme
Under the HUDA current residential scheme, different zones are identified for potential development. High potential zones include Gurgaon, Faridabad, and Panchkula. Medium potential zones include Panipat, Karnal, and Bahadurgarh. Rest of the urban estates across Haryana fall under low potential zones.
Under the HUDA new housing scheme, plots will be auctioned in the following regions:
- Ambala Sector 27
- Palwal Sector 12
- Nuh Sector 1, 2, 9
- Mahendragarh Sector 9 and 10
- Bahadurgarh Sector 10
- Sonipat Sector 5 and 19
- Rewari Sector 5 and 7
- Tarawadi Sector 1
- Jind Sector 9
- Jagadhri Sector 22 and 24
- Agroha Sector 6
- Dadari sector 9
- Safidon Sector 7, 8, 9
- Karnal sector 32, 33
- Fatehabad Sector 9, 11, 56, 56A, 80
Eligibility for HUDA Affordable Housing Scheme
The eligibility criteria for the HUDA housing scheme 2022 are very straightforward and have been designed to encourage the participation of first-time home buyers:
- The applicant’s annual household income must be equal to or less than Rs. 3 lakhs.
- Only Haryana state residents can register and apply for plot allotments.
- Rural migrants with no prior property owned in urban developments can apply.
- Urban residents who don’t own any residential or industrial plots can apply.
- Haryana Government employees belonging to Group D can apply.
- Certain organizations and members of co-operative societies can apply, provided they have proof of their nature of work.
Applicants only need a copy of their Aadhar Card, a copy of their PAN card, and their birth certificate to prove their Haryana residency. In addition to this, income proof is also needed to apply for the HUDA housing scheme. Members of a co-operative society also need to provide a certified copy of the co-operative society’s resolution and copies of the bylaws when applying.
Finally, interested applicants can avail the benefits of the HUDA housing scheme 2022by directly registering at the www.hsvphry.org site. The entire process takes a few months – from the auction till the allotments are completed. This makes it possible for applicants to raise the required capital to pay for the plot.
Prospective homeowners can use the 180-day period after the allotment to apply for cost-effective home loans. Tata Capital’s affordable home loans start from Rs. 5 lakhs and go up to Rs. 5 crores. With an easy repayment structure, long tenure of up to 30 years, and quick home loan processing, you can fulfil your dream of home ownership as soon as your HUDA plot allotment is done.