A Comprehensive Guide to Kerala Housing Board and Its Schemes

The Kerala Housing Board (KHB) plays a crucial role in providing affordable housing solutions to the residents of Kerala. Established with the aim of ensuring housing for all, the board has introduced various schemes over the years to cater to the diverse housing needs of the population. This comprehensive guide will delve into the Kerala Housing Board, its various schemes, and how residents can benefit from the available housing loans in Kerala.

Table of Contents

• Kerala State Housing Board
• Functions of Kerala Housing Board
• Major Housing Schemes by Kerala Housing Board
• Eligibility for Kerala Housing Board Schemes
• Required Documents for Application
• Applying for a Housing Loan in Kerala
• Benefits of Home Loans in Kerala through KSHB
• Future Plans of Kerala Housing Board

Kerala State Housing Board: An Overview

The Kerala State Housing Board (KSHB) was established in 1971 to address the housing needs of the state’s population. With its headquarters in Trivandrum, the board has been instrumental in implementing various housing projects and schemes that cater to different income groups. The primary objective of KSHB is to provide affordable and sustainable housing solutions while ensuring quality infrastructure and community facilities. One of the most popular schemes implemented by the Housing Board is the Grihasree Housing Scheme 2023, under which 3,350 houses have already been constructed.

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Functions of Kerala Housing Board

1. Development of Housing Projects: The board undertakes the development of residential projects, including flats, villas, and plots, to meet the housing demands of different income groups.
2. Affordable Housing Schemes: Introduction of various affordable housing schemes aimed at providing homes to economically weaker sections, low-income groups, and middle-income groups.
3. Infrastructure Development: Ensuring the provision of essential infrastructure such as roads, water supply, electricity, and sewage systems in housing projects.
4. Home Loan Facilitation: Facilitating home loans in Kerala through tie-ups with various financial institutions to make the purchase of homes easier for residents.

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Major Housing Schemes by Kerala Housing Board

Scheme Name	Description
Slum Rehabilitation Scheme	Aimed at improving the living conditions of slum dwellers by providing them with affordable and decent housing options.
Middle-Income Group (MIG) Housing Scheme	Targets the middle-income groups by offering affordable housing units with all essential amenities.
Low-Income Group (LIG) Housing Scheme	Focuses on providing affordable housing options to the low-income groups, ensuring they have access to quality living spaces.
Suraksha Housing Scheme	Under this scheme, the State government offers a capital subsidy of Rs 9,000 per house. The beneficiary is required to contribute Rs 2,000 voluntarily. Additionally, there is a construction loan of Rs 19,000 available for a house with a total cost of Rs 30,000.
Rental Housing Scheme	Aimed at providing rental housing solutions to those who cannot afford to buy a house immediately.

 

Eligibility for Kerala Housing Board Schemes

Criteria	Details
Income Group	Applicants must belong to the specific income group targeted by the scheme (EWS, LIG, MIG).
Residence	Applicants must be residents of Kerala.
Property Ownership	Applicants or their immediate family members should not own a residential property in the project area.
Age	Applicants must be at least 18 years old.

 

Required Documents for Application

1. Identity Proof: Aadhar card, voter id, passport and PAN card
2. Address Proof: Aadhar card, voter id, utility bills (electricity, water, gas), ration card and passport
3. Income Proof: Salary slips, income tax returns, family income certificate and bank statements
4. Property Documents: Existing property papers or any proof of property ownership, if applicable.
5. Photograph: Passport-sized photograph of the applicant

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Applying for a Housing Loan in Kerala

One of the significant benefits provided by the Kerala Housing Board is the facilitation of housing loans in Kerala. Here’s a step-by-step guide on how to apply for a housing loan:

1. Identify the Scheme: Choose the housing scheme that best fits your needs and eligibility criteria.
2. Visit the KSHB Office: Visit the nearest KSHB office or the Housing Board Trivandrum headquarters to get detailed information about the scheme and loan options.
3. Gather Required Documents: Prepare the necessary documents, including identity proof, address proof, income proof, property documents, and bank statements.
4. Fill Out the Application Form: Complete the housing loan application form available at the KSHB office or on their official website: http://kshb.kerala.gov.in/kshbsite/
5. Submit the Application: Submit the filled application form along with the required documents to the KSHB office.
6. Loan Processing: The loan application will be processed, and the applicant will be informed about the approval status.
7. Disbursement of Loan: Upon approval, the loan amount will be disbursed as per the terms and conditions agreed upon.

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Benefits of Home Loans in Kerala through KSHB

Opting for home loans in Kerala through the Kerala Housing Board offers several benefits:

1. Affordable Interest Rates: KSHB facilitates home loans at competitive interest rates, making it affordable for various income groups.
2. Flexible Repayment Options: Offers flexible repayment options to suit the financial capabilities of different applicants.
3. Government Support: Being a government entity, KSHB ensures transparency and reliability in the loan process.
4. Comprehensive Coverage: Home loans cover a wide range of housing projects, including flats, villas, and plots developed by KSHB.

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Future Plans of Kerala Housing Board

The Kerala Housing Board continuously strives to improve and expand its housing projects to meet the evolving needs of the population. Future plans include:

1. Smart City Projects: Integrating smart city concepts into housing projects to provide sustainable and technologically advanced living spaces.
2. Green Housing Initiatives: Emphasizing eco-friendly and sustainable housing solutions to promote environmental conservation.
3. Expansion of Affordable Housing: Launching more affordable housing schemes to cater to the growing demand for homes among low and middle-income groups.
4. Enhanced Infrastructure: Improving infrastructure in existing and new housing projects to ensure a high standard of living for residents.

The Kerala Housing Board has been a beacon of hope for many residents seeking affordable and quality housing solutions in Kerala. With its diverse schemes, competitive housing loans in Kerala options, and commitment to sustainable development, KSHB continues to play a vital role in the state’s housing sector. Whether you are looking to buy a home or need assistance with home loans, the Kerala Housing Board offers comprehensive support to help you achieve your dream of owning a house. For more information, visit the official KSHB website or contact the Housing Board Trivandrum office.

FAQs about Kerala Housing Board