With the population of the country skyrocketing with time, the demand for residential property is also ever on the rise. Therefore, providing housing for all has been a key concern of the government. Government housing schemes make homeownership easier for people by offering affordable housing. The homes provided under this scheme are largely divided into low-income group (LIG), middle-income group (MIG), high-income group (HIG) and economically weaker sections (EWS) flats. In this article, we will delve deeper into the category of HIG flats and take a look at the various government schemes that offer it.
See also: All about LIC home loan 2024
LIG, MIG, HIG: Basic classification
The basic classification of the flats under government housing schemes is done on the basis of the gross income of the household. The carpet area and the amenities provided for each category varies.
| Type | Income (Rs) | Carpet area | Subsidy |
| LIG | 3 – 6 lakh | 90 sqm | 6.5% |
| MIG | MIG-I: 6 – 12 lakh
MIG-II: 12 – 18 lakh |
MIG-I: 110 sqm
MIG-II: 150 sqm |
None |
| HIG | Above 18 lakh | Above 150 sqm | None |
HIG flats: Key features
Meant for families with a gross annual income of above Rs 18 lakhs, HIG flats flaunt of greater carpet area and fancier amenities. This category includes properties like 3BHK, duplexes and bungalows. Additional amenities might include lift service, gym, sports complexes, shopping complex, car parking and others.
HIG flats are available in 2BHK and 3BHK layouts, the latter being more popular among homebuyers. The standard room sizes are larger as compared to LIG or MIG quarters, along with the availability of a dedicated dining room. They offer toilets attached to all the bedrooms. With the 3BHK variants, you can expect two balconies, one with the master bedroom and the other with the living room.
Schemes offering HIG flats
HIG flats are available under the following government schemes:
Maharashtra Housing and Area Development Authority (MHADA) Scheme
With the aim of making homeownership more affordable in Maharashtra, MHADA’s housing scheme caters to the residents of Maharashtra. To apply for a home loan under this scheme, a Maharashtra state resident above the age of 18 would require a regular monthly income and a PAN card. You can apply for an HIG property under this scheme if the monthly income of your household is above Rs 75000.
Delhi Development Authority (DDA) Housing Scheme
Associated with the Pradhan Mantri Awas Yojna (PMAY), DDA offers affordable housing to residents of Delhi above the age of 18. There are several HIG quarters available under this scheme for those who wish to avail them.
West Bengal Housing Board Scheme
Meant for the residents of West Bengal, this scheme works according to a lottery system for the allotment of houses. You are eligible to avail the HIG properties under this scheme if the monthly income of your household is more than Rs 40000.
Tamil Nadu Housing Board Scheme
This scheme is meant to cater to all income groups, including HIG. To avail this scheme, the applicant must be over 21 years of age and must not own any property under a government housing scheme within Tamil Nadu or in any other state.
FAQs
What does HIG stand for?
HIG stands for High-Income Group, which is a category of residential properties under government schemes meant for households with a gross annual income of above Rs 18 lakh.
What are the key features of HIG flats?
With larger carpet areas as compared to LIG and MIG categories, HIG flats boats of luxurious amenities like lifts, gyms and shopping complexes and are available in 3 BHK layouts.
What government schemes offer HIG flats?
HIG flats are available under the MHADA scheme, DDA housing scheme, West Bengal Housing Board Scheme and Tamil Nadu Housing Board Scheme.
What are the eligibility criteria to avail HIG flats?
Eligibility criteria for different states might vary depending on age considerations, residency in the respective state and minimum income requirements.
What is the allocation procedure of flats under these schemes?
While the procedure varies from scheme to scheme, several schemes go by a lottery system to allocate flats to the applicants who meet the eligibility criteria.
What are the advantages of owning an HIG flat under government schemes?
Owning HIG flats under government schemes offer advantages like subsidised pricing as compared to market rates, better amenities and financial incentives on home loans.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
