Subsidy Scheme (CLSS) under Pradhan Mantri Awas Yojana / Housing for All

MHFC home loans can now receive a subsidy of upto Rs. 2.2 lakh for all potential customers who are eligible under the Pradhan Mantri Awas Yojana's Credit Linked Subsidy Scheme !! 

This is great news for urban, informal sector, low income customers - who will effectively be paying an interest rate of 5.5-6.5% p.a. We encourage all potential customers who are looking to buy a flat in MHFC-approved affordable housing projects to get in touch with a loan officer in the region. Contact information can be found below: 

Mumbai: Gulab Patil  +91  9167220732

Pune: Suraj Pawar +91 8879543963

Surat: Jignesh Patel +91 9016507947

Ahmedabad: Kashyap Patel +91 9925045276

Bhopal: Deepak Sarathe +91 9755333018

Jaipur / Rajasthan: Vineet Sharma +91 9829071784

Kolkata: Subrata Biswas +91 9831433440

Raipur / Chhattisgarh:  Shekhar Kumar +91 9617660066

To find out more about PMO India's CLSS scheme & eligibility requirements (woman owner, household monthly income less than Rs. 50,000 per month, not owning a house anywhere in the country), please send us a mail at contact@mhfcindia.com. We would encourage all eligible customers to take advantage of this opportunity (works to an approx 35% reduction in the loan amount) and take the final step towards home ownership. 

Pune-based Vastushodh Projects unveils 'Anandgram' project

Vastushodh Projects has recently announced the launch of India's largest affordable housing project by a private developer - AnandGram - located at Bhandgaon on the Pune - Solapur highway. The Pune-based realty company has successfully completed several affordable housing projects, and its most recent announcement should appeal to potential customers. 

The project will come up on a 22 acres picturesque plot at Bhandgaon near Yavat and will have over 2,000 affordable homes spread across 31 modern buildings. 

Some of the amenities at ‘AnandGram - Bhandgaon’ include lifts, community halls, a multipurpose playground, a school, shopping area, solar water heater, solar powered street lights, internal concrete roads and generator backup. Sizes of the homes will range from 249 square feet to 857 square feet, with multiple options that include 1 RK, 1 BHK and 2 BHK flats. More information about the project announcement can be found here. 

MHFC is one of the housing finance companies that has tied up with Vastushodh to provide home loans to customers who are planning on buying flats in this project. MHFC requires minimal documentation / income proof and will be more than willing to support informal sector customers who want to buy a house of their own. For more information regarding home loans for this project, please contact our manager in Pune - Mr. Suraj Pawar - on 8879543963. You may also email him at suraj.pawar@mhfcindia.com or email the head office at contact@mhfcindia.com. For more information about the project, you may call Vastushodh Projects on 9225192252. 

MHFC partners with Playtor Lifespaces for three affordable housing projects in Pune

Even though various numbers and studies for Q3 2014 show a relative dip in affordable housing nationally, the city of Pune has fared relatively better owing to its demand for affordable houses. The year 2015 however, promises to be a good year for affordable housing (read here).

Specifically, Pune based Sangam Realty who have projects in low cost housing have announced a partnership with Brick Eagle (a financial services company), to launch Playtor Childspaces - with three projects in the outskirts of Pune namely, Rajgurunagar, Ranjangaon and Paud. The projects have already opened for applications and given the pricing of Rs 10 lakhs (for a 1 BHK flat of 367 sq ft), we believe that this should be of keen interest to our segment, and hence we are excited to partner with the developer.  

For info, bookings have already started at all three projects and MHFC has already started sanctioning loans to customers on the projects. But to reiterate, buyers who are from the informal sector (those lacking salary slips or any other formal income documents) or the financially excluded (who cannot get loans from other housing finance companies easily) and who need help with financing, may contact our local Pune representative - Mr Suraj Pawar - on 8879543963 - or email him on suraj.pawar@mhfcindia.com or of course may also contact our Head Office (Mumbai) on contact@mhfcindia.com (website www.mhfcindia.com).

Pune affordable housing

Several new affordable housing projects (price range approx Rs 10 to 15 lakhs) coming up in the outskirts of Pune - this article has some details on the projects. 

Business Standard article - Nov 12, 2014

MHFC is associated with all the builders named in this segment and hence for assistance on financing for homes on these projects, esp for financially excluded informal sector customers who lack documentation to prove incomes, please email MHFC on contact@mhfcindia.com OR call our Manager in Pune - Suraj Pawar - on 8879543963.