PMAY for B Khatha properties


#1

Hi,

Could any one advise me if B khatha property is eligible to apply for PMAY? B Khatha properties will not have sanctioned building approval plan as it is built on non converted agricultural land.
For this reason India bulls is not forwarding my application for PMAY but they have given me loan and I am paying EMI from 6 months. Is there a way to apply for PMAY for B khatha houses


#2

Hi coolkadhir,

The history of B Khata can be traced back to 2007, when Bengaluru was reorganised into its present civic body, the Bruhat Bengaluru Mahanagara Palike. 7 City Municipal Councils consisting of Bommanahalli, Dasarahalli, Mahadevapura, Krishnarajapuram, Raja Rajeshwari Nagar, Yelahanka and Byatarayanapura were merged with the Town Municipal Council of Kengeri and 110 villages to form BBMP. Post this reorganisation a new and uniform property taxation system was implemented and properties which did not have approval of the agency but still continued to enjoy amenities were categorised as B Khata properties.

In essence, these were properties that were unauthorised and which did not pay any property tax. An acknowledgement was issued to these properties post an amendment to the laws and they came to be termed as B Khata.

These properties were termed B Khata as they were registered in a separate register which went by the name B register, a nomenclature which is still used today.

B Khata certificates are given to any property which does not fall under BBMP jurisdiction. Such properties are unauthorized but receive all the amenities provided by the civic agencies. B Khatas are not considered as valid Khata extracts and owners will not get the same benefits as A Khata properties.

This might be the reason why your lender is not submitting your application for PMAY. We suggest that you contact your legal counsel for help. You could be asked to convert your property into an A Khata one.

Looking for a Home Loan? Click here.

Cheers,
BB Expert


#3

What do you know about PMAY?
(Visit www.loanguru.co.in for more details)

PMAY or Pradhan Mantri Awas Yojna is mission of Housing for all by 2022. It is a public housing scheme. Erstwhile You must have heard of IAY (Indira Awas Yojna) which was started in Jan 1996. This scheme was launched to address the demand of rural housing. During the implementation, several gaps were identified. Like, lack of transparency, selection of beneficiary, Lower quality of house, lack of convergence and technical support etc. So, government restructured the IAY and initiated a new scheme named PMAY. This new scheme was launched on 1st April 2016. The main objective is to provide a pucca house to each and every family of India.
Key Features of PMAY

Government will provide interest subsidy of 6.5% of the housing loan availed by benificary
Loan repayment period is maximum of 15 years making EMIs lower
Preference is given to women applicant or beneficiary
Affordable housing making pucca house in the reach of all
Eco Friendly and technically sound house for the families

PMAY Urban Vs Grameen

Its aim to provide a pucca house with basic amenities to all households. There are two separate stream under PMAY for grameen and urban households.
PMAY Urban PMAY Grameen
PMAY urban is categorized as EWS, LIG and MIG. The unit size varies as per category. PMAY Grameen is for all household with kuccha house or dilapidated house.
Subsidy of maximum 2.30 Lakh is provided to the beneficiary (6.5% of the housing loan availed by the beneficiary Per unit house assistance is Rs. 1.20 lakh. Toilet making assistance is given under Swachh Bharat Mission and MGNREGS
In urben housing ground floor preference is given to senior citizen. Eco friendly and hygenic houses are built in PPP mode The house constructed must have a hygienic cooking space, all basic amenities like toilet, drinking water, electricity etc.
Carpet area of an EWS flat is up to 30 Sq mt, LIG is up to 60 Sq Mt and MIG is 90 Sq Mt-120 Sq Mt Minimum unit house size is 25 Sq. Mt.
Selection of beneficiary is done through public authorities by lucky draw or lottery or NGO. Selection of beneficiary is done through Gram Sabha
The beneficiary should not own any house in his or her name, even on his family members The beneficiary may own a kuchha house or dilapidated house