Explained in this article is what LIG flats are and how they help LIG buyers who want to own a flat.
Owning a flat has been a dream for many who are just starting to find their footing in life. With the consistently rising property rates and real estate inflation, finding a comfortable, well-maintained home is steadily becoming taxing (quite literally) on Indian pockets. To provide affordable housing in this situation, the governments of various states in India have founded Housing Boards, aiming to provide comfortable and affordable housing to all who require it. To that end, the governments have introduced classifications of property types and tried matching them to their apt recipients based on economic brackets and income ranges to avoid the unfair monopoly of flats by the rich. The different types of flats are:
- Economically Weaker Section (EWS) flats
- Low Income Group (LIG) flats
- Middle Income Group (MIG) flats
- High Income Group (HIG) flats.
What are LIG flats?
The full form of LIG flats is Low Income Group flats. These flats target the financially independent yet typically average lower middle class of the economy. The annual household family income must fall between INR 3 lakh to INR 6 lakh.
LIG flats have a carpet area that cannot exceed 60 square metres (645 square feet), equipped with basic amenities like electricity and water supply besides transportation facilities. Unlike EWS flats, LIG flats are not a single multi-purpose room attached to a bathroom but a bonafide 1 BHK, complete with a balcony.
Specifications of LIG flats
To put it simply, LIG flats are 1BHK flats, i.e., they contain 1 bedroom, 1 general hall, and 1 kitchen. Although small, the apartments typically have proper ventilation. There might even be 2 toilets in some cases, although this is rare. The bedroom has 2 broad windows for ventilation along with even a mini-balcony.
The balcony dimensions are approximately 4-5 square metres (44 square feet to 53.75 square feet). The bedroom is typically about 10 square metres (107.5 square feet), while the kitchen can be around 5 square metres ( 53.75 square feet).
Government schemes for providing LIG flats
With LIG flats increasing in demand with the increasing population of India, governments of all major states of India have launched various housing schemes which would benefit the economically downtrodden section of society. Of the many schemes, a brief list of the most notable schemes is provided below:
Pradhan Mantri Awas Yojana (PMAY)
Pradhan Mantri Awas Yojana (PMAY) was initiated in 2015 with the aim to provide over 2 lakh ‘pucca’ homes to the economically lower sections of the country by 2024.
This initiative has two components: Pradhan Mantri Awas Yojana (Urban) (PMAY-U) for the urban poor and Pradhan Mantri Awaas Yojana (Gramin) (PMAY-G and also PMAY-R) for the rural poor.
Before 2021, the government also provided this scheme for the MIG I and MIG II categories at a subsidy of 3-4%, but that subsidy was abolished and now only LIG flats are offered under the CLSS (Credit Linked Subsidy Scheme). The rate of subsidy offered is around 6.50%.
Rajiv Awas Yojna
The Indian government initiated this scheme in 2013-2014 and aimed at making India slum-free by 2022. This scheme was introduced by the Indian government’s Ministry of Housing and Urban Poverty Alleviation and proposed to cover one million beneficiaries.
Under this scheme, thousands of 21 to 40 square metres (226 to 430 square feet) LIG flats and EWS flats were constructed.
Nijashree Housing scheme
Initiated by the West Bengal Housing Board, this scheme aims to provide affordable LIG flats and MIG flats to the respective income groups and alleviate housing concerns for the populace. The government aims to construct a ‘basha’ (home) for all.
Under the Nijashree scheme, each block consisting of 16 flats will be built, each having LIG flats or 1BHK flats over an area of 35.15 square metres (378 square ft) and MIG flats or 2BHK flats over an area of 51 square metres (559 square ft).
All the units will be allotted through a lottery in the respective district/sub-division, eliminating any suspicion of foul play or manipulation.
To be eligible for this scheme, the monthly family income of the applicant must not exceed INR 15,000 in the LIG category and INR 30,000 in the MIG category. Also, the applicant must not already own a pucca house/flat in their name or any of their family members’ names.
Another attractive feature of this scheme is that no-cost of land shall be taken into account while computing the unit cost, as this freehold land will be treated as a subsidy to the beneficiary.
DDA LIG flats scheme
Initiated by the DDA (Delhi Development Authority), the DDA LIG flats scheme is a project-based in Siraspur, which aims to construct 140 well-placed and ventilated LIG flats spread across 5 towers with a brilliant floor plan and excellent hygiene standards.
Offering well-designed 1BHK flats along with all the basic modern amenities such as alert security service, gymnasium, kid’s play area, lift, power backup, professional maintenance staff, laundry service, reserved parking, etc., this scheme tends to create the highest possible standard among LIG flats so that the economically weaker populace not only live but also thrive.
If you are looking for 1BHK, LIG flats and belong to the LIG section of society, things are very optimistic as options are steadily increasing. To apply for any of these schemes, you have to visit their official website, fill up your application form, and submit it after paying the application fee.