NTR Housing Scheme 2018 – Interest Rate, EMI Calculator, Online Application, Price Details

 

(Updated on 03.10.2018) NTR Housing Scheme October 2018 – All about the methods to submission online application for NTR Housing Scheme 2018.

On 125th Birth Anniversary of Dr. B.R. Ambedkar on April 14th, Thursday Andhra Pradesh Chief Minister Nara Chandrababu Naidu has launched NTR Housing Scheme.

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NTR Housing Scheme
The Government is going to built 6 lakh two bedroom houses at a cost of ₹2.5 lakh each for the weaker sections of the society across the state. The government of Andhra Pradesh will spend around ₹16,000 crores for NTR Housing Scheme. Around 41,000 houses would be built in the district out of six lakh houses planned in the entire State under the scheme.

** As Per AP Housing Board Updated NTR Housing Scheme for September 2018**

NTR Housing Scheme Details 2017
Number of Houses Flat Prices City District/State
600000 ₹2,50,000.00   Andhra Pradesh
10000 ₹2,50,000.00 Jakkampudi Krishna
40000 ₹2,50,000.00 Madepalli village West Godavari (urban areas)
58000 ₹2,50,000.00 Eluru rural mandal West Godavari

Unveiling the pylon for the construction of 10,000 houses at Jakkampudi, Mr. Naidu said six lakh double bed room houses would be constructed for houseless poor at a cost of ₹16,000 crore across the State. Two lakh houses would be constructed under NTR Rural Housing Scheme, two lakh houses under NTR Urban Housing Scheme, and 50,000 houses under other schemes. Besides as many as 1.50 lakh houses under NTR housing upgradation scheme would be repaired or renovated, he said. About ₹42,000 crore was released for houses during the ten-year Congress regime. However, only ₹ 12,000 crore was spent.

There were no evidences for 14.50 lakh houses constructed during the Congress tenure, he alleged. Social Welfare Minister Ravela Kishore Babu, Rural Development Minister Kimidi Mrinalini, Irrigation Minister Devineni Umamaheswara Rao, BC Welfare Minister Kollu Ravindra, Vijayawada MP Kesineni Srinivas (Nani) and others were present.

NTR Housing Scheme Documents Required

  • Aadhaar Card No
  • Present Address and Contact Details
  • Permanent Address
  • Ownership of details of existing home
  • Type of the house based on roof type
  • Number of rooms in the dwelling unit excluding kitchen
  • Voter ID Card/Ration Card or any other unique identification number
  • Number & Age of Family Members
  • Religion
  • Caste
  • Bank Details
  • Number of Years of Stay in this Town/City
  • Size of existing dwelling unit (in Sq.M)
  • Whether the family owns any house/residential land anywhere in India (Yes/No)
  • Employment Status
  • Average monthly income of household
  • Does the family have a BPL Card
  • House requirement of Family

For example if a customer has applied ₹2.20 lakh amount for home loan, interest rate given by Bank/Housing Finance Company is 10% for 10 years loan term, now customer should have to check how much emi included interest amount you will pay.

Loan Amount Tenure Interest Rate Loan EMI
₹ 2,20,000 120 months (10 years) 10% ₹ 2907

YEARLY CALCULATED VALUES FOR HOME LOAN AMOUNT OF ₹2,20,000 @ INTEREST RATE OF 10% FOR 10 YEARS
Note: The values calculated on 22.03.17

Year Principal Amount (X) Interest Amount (Y) Principal & Interest Amount (X+Y) Outstanding Amount
2016 ₹ 9,994 ₹ 16,171 ₹ 26,166 ₹ 2,10,006
2017 ₹ 14,542 ₹ 20,346 ₹ 34,888 ₹ 1,95,464
2018 ₹ 16,064 ₹ 18,823 ₹ 34,888 ₹ 1,79,399
2019 ₹ 17,747 ₹ 17,141 ₹ 34,888 ₹ 1,61,653
2020 ₹ 19,605 ₹ 15,283 ₹ 34,888 ₹ 1,42,048
2021 ₹ 21,658 ₹ 13,230 ₹ 34,888 ₹ 1,20,390
2022 ₹ 23,926 ₹ 10,962 ₹ 34,888 ₹ 96,464
2023 ₹ 26,431 ₹ 8,457 ₹ 34,888 ₹ 70,033
2024 ₹ 29,199 ₹ 5,689 ₹ 34,888 ₹ 40,835
2025 ₹ 32,256 ₹ 2,632 ₹ 34,888 ₹ 8,579
2026 ₹ 8,579 ₹ 143 ₹ 8,722 ₹ 0

For more and updated detailed information visit AP SHC website or NTR Housing Scheme website

If You are looking house in National Capital Territory Delhi ” DDA housing scheme available from today, 13148 flats in Current housing Scheme“. There are 13,148 flats on offer under the scheme of which 350 are two-room middle income group (MIG) flats. The rest are either one-bedroom lower income group flats (LIG) flats or janta flats for more information Click here

How Goods and Services Tax affects your home loan, house construction, renovation and furnishing budget more information please click here

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