Carpet Area, Super built up area, Flat / House Size under PMAY
According to the basic regulations of PMAY, a carpet area of 30 square meters will be constructed with the basic infrastructure in place.However, this shall be flexible. The state and the Union Territories will have the liberty to determine the size of the average house under PMAY and the basic benefits to be provided under this scheme.
Carpet area under credit linked subsidy scheme (CLSS)
The carpet area to be constructed under the credit linked subsidy scheme will vary depending upon the income group a person lies in. It will be classified as follows.
|SNo||Category||Previous carpet area||New carpet area||New update in carpet area|
|1.||Economically weaker section (EWS)||Up to 30 square meters||Same||Same|
|2.||Lower income group (LIG)||Up to 60 square meters||Same||Same|
|3.||Middle Income Group (MIG) 1||up to 90 Square meters||Increased to 120 Square meters||Increased to 160 Square meters|
|4.||Middle Income Group (MIG) 2||up to 110 Square meters||Increased to 150 Square meters||Increased to 200 Square meters|
What exactly is the CLSS and how does it affect?
The CLSS will strengthen the loan capacity of the home dwellers. As per this subsidy, each of the economic groups under LIG or EWS will be eligible for a certain percentage as a concession on their housing loans.
Housing carpet area with CLSS
A beneficiary can obtain a loan concession only if the loan amount ranges within Rs. 6 lakh. This is why the beneficiary can build a house greater than the permitted carpet area, but the interest subvention will be limited to Rs. 6 lakh only.
What is carpet area?
A carpet area is the area which lies under the 4 walls of the home. This does not include the thickness of the walls. It is only the area where you will be living inside the house. So the carpet area is the actual living area within the house.
This means that the carpet area is the area of the home minus the thickness of the walls. The built up area on the other hand is the thickness of the outer walls along with the balcony.
What is the super built up area?
The super built up area on the other hand is the area which is outside the outer walls of the house and includes the common areas inside the apartment. This means that the lobby, the staircase, the balcony, etc, will fall under the super built up area in the house.
Let us have a quick recap of all the things we learnt about carpet area, flat house size under PMAY:
|Serial No.||Things We Asked||Things We Learnt|
|1||What is carpet area?|
|Carpet area is the area of the house bounded by the 4 walls, minus the thickness of the walls.|
|2||What is the super built up area?|
|The built up area along with the areas which are common and shared – such as the lobby, the elevator, the stairs.|
|3||What is the carpet area granted under PMAY?|
|30 square meters|
|4||Carpet area under credit linked subsidy scheme (CLSS)|
|EWS: Upto 30 square meters.|
LIG: Upto 60 square meters
|5||What exactly is the CLSS and how does it affect?|
|CLSS will strengthen the loan capacity of the home dwellers. As per this subsidy, each of the economic groups under LIG or EWS will be eligible for a certain percentage as a concession on their housing loans.|
|6||Housing carpet area with CLSS|
|The beneficiary can build a house greater than the permitted carpet area, but the interest subvention will be limited to Rs. 6 lakh only|
In the light of new decisions, taken by the RBI and Credit Linked Subsidy Scheme, there has been a revision in the Pradhan Mantri Awas Yojana (Urban). Under this scheme, all applicants, enrolling under Middle Income Group were supposed to receive a certain carpet area in their permanent home. This decision comes as a gift for those applicants as they will be able to get more area now. The central government has decided that it will increase the carpet area for all categories under the MIGs. Earlier, applicants under MIG I and MIG II were offered 120 sq. m and 150 sq. m respectively. With the new revision, they will receive as much as 160 sq. m and 200 sq. m respectively.
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