Poddar Developers - Atgaon - Navjeevan

Half page ad in the Hindustan Times (Mumbai edition) this morning re an approved project of MHFC - an affordable housing project by Poddar Developers  - "Navjeevan" at Atgaon (near Shahpur), under which 1 RK flats start at 7.8 lakhs and 1 BHK at 10.20 lakhs. 

For more information on the project, please see the company's website. 

For financing on this project, especially for informal sector customers who lack documentation to prove incomes, please email us on contact@mhfcindia.com OR call our Loan Officer for the project - Gulab Patil - on 9167220732 for further information on terms and conditions of MHFC (www.mhfcindia.com) financing. 

Resale - 1 RK flats in Samruddhi Complex, Bhivpuri

While all flats in Poddar Developer's project at Bhivpuri have long since been sold out, MHFC has access to a few flats in resale which will be available ONLY to actual end users (those who need a primary residence) and who are financially excluded (cannot get loans from other banks and who thus need a loan from MHFC).  

For more information on the project itself, see link below to the builder website 
Samruddhi Complex, Bhivpuri - Poddar Developers

For those interested in 1 RK flats (300 sq ft) in the project which is opp Bhivpuri station (1 stop before Karjat on the local train) as a home, please email on contact@mhfcindia.com OR please call our Loan Officer for the project - Gulab Patil on 9167220732.

Poddar Developers - Samruddhi Evergreens - Badlapur

Phase II of Poddar Housing's project at Badlapur has just opened. In this phase, the builder has on offer 1 RK flats starting from 9.3 lakhs and 1 BHK flats starting from 14.5 lakhs - prices inclusive of all charges, regn fees, etc.

For more information on the project incl the payment schedule and facilities, please see the company's website.

For financing up to 10 lakhs max on this project, especially for informal sector customers who lack documentation to prove incomes, please email us on contact@mhfcindia.com OR call our Loan Officer for the project - Gulab Patil on 9167220732.

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.

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.

Samruddhi - Poddar Developers - update

There has been a good response for the project in that 600 bookings already made - within a month of launch. However, of this, most bookings are for the 1 BHK category (which was priced at Rs 4.5 lakhs) and less for the 1 RK (priced at Rs 3.5 lakhs). In fact, the surplus bookings for the 1 BHK category have meant that (a) it will be closed quite soon as it seems that only Phase IV flats left in this category and (b) the builder has raised prices to between Rs 4.65 and 4.95 lakhs, depending on the floor. For the moment though, the 1 RK prices have been retained at Rs 3.5 lakhs and the builder has also set up a sample flat at site for viewing in order to generate interest (until now only the 1 BHK sample flat was ready). We still do not have a clear idea on the proportion of investors to end users but MHFC is certainly trying to spread the word among the latter segment so that they come forward to book a flat in what is probably a reasonably affordable project, even for those earning between Rs 8-10,000 Rs per month (the EMI on a Rs 2.8 lakh loan - after the 20% client own contribution of Rs 70,000 - will be approx Rs 3,700 over 15 years).

3 New Approved Projects (Mumbai)

MHFC has just approved 3 new projects in and around Mumbai:

1. Samruddhi Complex - by Poddar Housing - this is opp Bhivpuri railway station (one stop before Karjat on the Central line) - will be a township of about 1300 flats - launch price for the 1st phase is 3.5 lakhs for 1 RK and 4.5 lakhs for 1 BHK. Bookings have not yet opened - will open on Gudi Padva (March 16) but given the price and the several features on offer, we expect this to be sold out quite fast.

2. Star City - by Rashmi Housing - at Naigaon - which is 1 stop after Bhayandar on the Western line (3 stops befor Virar). This is also a is a fairly large project - over 1000 flats - more expensive given the attraction of this side - about Rs 2000 per sq ft - which means flats are between 5.7 and 11 lakhs - booking is already open - about 200 flats left for sale - rest all sold.

3. Sathyanagar - by Shriram Housing - at Boisar - which is frankly not practical for those working in Mumbai as it is about 3 hours by train from VT - but just for information, this is a township of about 2800 flats - 1 BHK and 2 BHK flats being priced at between 5.1 and 5.9 lakhs.

For more information, please email on contact@mhfcindia.com and for builder brochures / websites, please see http://www.mhfcindia.com/approved-project.html