Request received - loud & clear!
Returning you to where you were...
Affordable Rental Housing Complexes (ARHCs) as a Sub-scheme under Pradhan Mantri Awas Yojana- Urban (PMAY-U) to provide affordable rental housing to urban migrants/ poor close to their workplace. The sub scheme aims to create a conducive ecosystem for Public/ Private Entities to leverage investment in rental housing.
ARHCs is required due to the following reasons:
Beneficiaries for ARHCs are urban migrants/ poor from EWS/ LIG categories. ARHCs will be a mix of single/double bedroom Dwelling Units and Dormitory of 4/6 beds including all common facilities which will be exclusively used for rental housing for a minimum period of 25 years.
These complexes will ensure a dignified living environment for urban migrants/poor close to their workplaces at affordable rates. This will unlock existing vacant housing stock and make them available in urban space. It will propel new investment opportunities and promote entrepreneurship in rental housing sector by encouraging Private/Public Entities to efficiently utilize their vacant land available for developing ARHCs.
The ARHC scheme will be implemented through two models:
Process flow of Model 1
Process flow of Model 2
It is to be implemented in all statutory towns, notified planning areas and areas under Special Area/ Development Authorities/ Industrial Development Authorities.
Note: ARHCs will be considered till March 2022.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
Gain an edge by connecting with us via email. We promise never to spam you.
Request received - loud & clear!
Returning you to where you were...
Psst... We'll ensure you're the very first to know the moment rates change.
We'll email you immediately! You snooze, you lose.