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Do you want to know, what is LIG and MIG flats? Let me provide you with some information about LIG MIG flats. In terms of flat building, there are a few different varieties in India, including Janta, LIG, MIG, HIG, SFS, and EWS. However, in this response, I will mostly explain or concentrate on LIG and MIG flats.
Avail yourself a hassle-free shifting with NoBroker packers and movers service. What is the main difference between LIG and MIG flats?MIG denotes a middle-income group or grade, whereas LIG denotes a low-income group or grade. A high-income group or grade is also referred to as HIG. The classifications are primarily based on people's income levels.
What are the primary elements that determine if a flat is LIG MIG or HIG?The LIG group includes households with annual incomes ranging from Rs 3 lakhs to Rs 6 lakhs. This group is provided with significantly subsidised housing. LIG flats are typically 60 sq m in size and contain only the bare essentials such as a toilet, as well as water and power.
The MIG's annual household income ranges from Rs 6 lakhs to Rs 12 lakhs. The government recently changed the definition of MIG by adding two new subcategories. MIG-I is for those with an annual income of less than Rs 6 lakhs but more than Rs 12 lakhs, whilst MIG-II is for people with an annual income of more than Rs 12 lakhs but less than Rs 18 lakhs. MIG-I carpet areas are limited to 90 sq m, whereas MIG-II carpet areas are limited to 110 sq m. Increased carpet areas of 120 sq m and 150 sq m for MIG-I and MIG-II, respectively, have been added to several amended policies
All of the income criteria listed above are based on the total household income rather than an individual's income. All of the family members who are currently earning are included in the total income.
Discuss all kinds of legal queries from the experts of NoBroker legal service.I think this answer would help you in clarifying your concern about what is LIG and MIG flats.
Read More:
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What is LIG and MIG Flats?
Tina
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2022-03-16T22:31:06+00:00 2022-03-17T14:14:37+00:00Comment
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