MHADA 2011 flats go online

4000 MHADA flats go on sale online this week (80% of which are meant for the LIG segment - most of which will be in Malad) - price starts at 5.93 lakhs.

Over 5 lakh applicants expected - forms go on sale from Wed, April 27 - at designated Axis Bank branches.

For more details, see link to newspaper article below:
DNA article on online sale of MHADA flats

As already discussed in earlier posts, MHADA is an automatically approved developer for MHFC. Hence, for housing loans on MHADA flats, but only to buyers who are from the informal sector (those lacking salary slips or income tax returns to prove incomes) or financially excluded (who cannot get loans from other housing finance companies easily) - please contact us on 22660427 / 0069 or email us on contact@mhfcindia.com (website www.mhfcindia.com).

Poddar Housing - Bhivpuri project - 1 RK flats

The 1 RK flats in Poddar Housing's project at Badlapur has been sold out - pretty much on the 1st day and so we are not taking any applications for that. However, the same builder has another 128 flats (1 RK - 300 sq ft - Rs 4.8 lakhs excl stamp duty / regn etc) at its Bhivpuri project which will come on the market very soon - May 1.

Of this, once again, MHFC has been allocated 64 flats to its customers - which to emphasise are ONLY actual end users (those who need a primary residence) and who cannot get loans from other banks.

For those interested in 1 RK flats (300 sq ft) in Bhivpuri (1 stop before Karjat on the local train) as a home and who wish to be contacted by MHFC under this special quota, please email us on contact@mhfcindia.com OR call our Loan Officer for the project - Gulab Patil on 9167220732.

HT article - day in the life of ...

could be the daily story of typical MHFC clients - nice articles by the HT (in a series on their Mumbai Local page on Saturdays)

HT article - a day in the life of a housemaid

HT article - a day in the life of a milkman

another one today (24 April 2011) about a baker

HT article - a day in the life of a baker

Badlapur Project - MHFC tie up with Poddar Housing

After our tie up with Tata Housing at Vashind, under which flats were reserved for MHFC customers (who thus did not have to go through the public lottery), we are now partnering with Poddar Housing for its next project in Badlapur which is opening on Gudi Padwa. The township project (spread over 70 acres) is close to the railway station (about 5 mins by auto) and will have several amenities like a school, shops, sports facilities (incl a cricket pitch).

The tie up is that in its first phase of about 200 flats on offer, Poddar Housing has reserved 64 flats - 48 1 RK (starting from 297 sq t) / 16 1 BHK (starting from 500 sq ft) flats - for MHFC cutomers - all at the opening price of 1899/ sq ft. Pricing in total (incl stamp duty / regn) will start from approx Rs 6.5 lakhs (1 RK). We will have more details shortly on the sizes of the flats, the other charges, final pricing.

Please note however that MHFC will take applications ONLY from actual end user customers (those who need a primary residence) and who cannot get loans from other banks. For those interested in Badlapur as a home and who wish to be contacted by MHFC under this special quota, please email us on contact@mhfcindia.com OR call our Loan Officer for the project - Gulab Patil on 9167220732.