Are Flats in Kalyan Eligible Under PMAY Scheme?

The dream of owning a home has become more achievable for many Indians, thanks to the Pradhan Mantri Awas Yojana (PMAY). For homebuyers looking at emerging cities like Kalyan, the question often arises — Are flats in Kalyan eligible under the PMAY scheme? Let’s explore in detail.

What is the PMAY Scheme?

Launched in 2015, the Pradhan Mantri Awas Yojana aims to provide affordable housing to the urban and rural poor. Under PMAY-Urban (PMAY-U), eligible beneficiaries can avail of interest subsidies on home loans through the Credit Linked Subsidy Scheme (CLSS).

The subsidy can be up to ₹2.67 lakh depending on the applicant's income category — EWS, LIG, or MIG-I/MIG-II.

Is Kalyan Covered Under PMAY?

Yes, Kalyan is included under the PMAY-Urban scheme.
Kalyan-Dombivli Municipal Corporation (KDMC) falls under the list of notified urban local bodies where PMAY benefits are applicable.

This means if you are buying a flat in Kalyan, and you meet the PMAY eligibility criteria, you can apply for the subsidy benefit.

PMAY Eligibility Criteria for Buying Flats in Kalyan

To avail PMAY benefits while buying a flat in Kalyan:

• Income Criteria:

  • EWS (Annual income up to ₹3 lakh)

  • LIG (₹3 lakh to ₹6 lakh)

  • MIG-I (₹6 lakh to ₹12 lakh)

  • MIG-II (₹12 lakh to ₹18 lakh)

• Property Ownership:

  • The beneficiary family should not own a pucca house in any part of India.

• Carpet Area Limit:

  • For MIG-I: up to 160 sq. meters.

  • For MIG-II: up to 200 sq. meters.

• Loan Amount:

  • Interest subsidy applicable for loans up to ₹9 lakh (MIG-I) and ₹12 lakh (MIG-II).

• Property Location:

  • The property must be within the urban limits notified under PMAY (Kalyan falls under KDMC jurisdiction).

Popular Projects in Kalyan Eligible for PMAY Benefits

Several reputed developers offer affordable housing projects in Kalyan that qualify for PMAY, such as:

• Raunak City

• Regency Anantam

• Birla Vanya

• Godrej Riviera

• Tycoons Square

Most of these projects offer 1 BHK, 2 BHK flats priced within the PMAY eligibility limit, making it easier for first-time buyers.

Why Choose Kalyan for Your PMAY-Eligible Home?

• Affordable Property Rates: Compared to Mumbai and Thane, Kalyan offers lower property prices.

• Upcoming Infrastructure: Metro Line 5, Mumbai-Nagpur Expressway connectivity, and improved rail network.

• Growing Employment Opportunities: Rise in industrial and commercial hubs around Kalyan.

• Quality Lifestyle: Schools, hospitals, shopping malls, and parks are developing rapidly.

Final Thoughts

If you are planning to buy a flat in Kalyan, the PMAY scheme offers a significant advantage through home loan interest subsidies.
It makes homeownership not only easier but also highly affordable.

Make sure to check your eligibility, choose the right project, and complete the necessary paperwork to make the most of this government initiative.

Start your journey towards your dream home in Kalyan with PMAY today!