CHB home loan and credit camp in Bilaspur

Our team in Chhattisgarh recently took part in another credit camp held by the Chhattisgarh Housing Board (CHB) in Bilaspur. MHFC is currently financing several CHB projects across the state - we are more than willing to sanction loans to low-income informal sector customers who lack proper income documentation / salary slips etc. Our competitive interest rates, simple home loan process and effective service have resulted in a successful track record in Chhattisgarh, and we hope to build on this success over the coming years. 

At credit camps, our loan officers sit with customers and explain loan terms and conditions, the loan application process and documentation requirements amongst other things. A few pictures of the camp can be found below:

 

For more information about projects in Chhattisgarh, please contact our loan officer in the region - Mr. Shekhar Kumar - at shekhar.kumar@mhfcindia.com or +91 9617660066. Alternatively, you could also contact us on 22660427 / 0069, email us at contact@mhfcindia.com or visit our website (www.mhfcindia.com) for more information. You could also fill out this form to help us serve you better.

Affordable Housing in Rajasthan

Rajasthan Chief Minister Ms Vasundhara Raje has recently launched a new scheme that aims to provide 20% cheaper homes to people from lower income group (LIG) and economically weaker sections (EWS). This is under the Rajasthan Housing for All project of the Rajasthan Housing Board that aims to build ten lakh homes by 2022 - 85% of which would be EWS and LIG. Under the scheme, 10% of land in both, government and private housing schemes would be reserved for LIG and EWS housing. In townships, developers would have to reserve 7% of the land for the same with the government offering a relaxation in the floor - area ratio conditions to private builders.

The Jaipur Development Authority (JDA) had under the scheme announced and then scrapped a scheme called the JDA New Flat Scheme 2015. The scheme that invited applications for 621 flats - 337 in EWS category, 219 in LIG category and 65 in MIG category - was scrapped in between after finding irregularities with allottee applications. However, the JDA has recently announced reinvitation of applications for EWS, LIG and MIG (medium income group) allotments under the same scheme.

The JDA has invited online applications for these flats from November 4 to 18 and will upload the list of allottees on their website on December 11, 2015 after documents of all allottees have been verified on December 9, 2015. A lottery of these houses would then be drawn on December 16, 2015.

MHFC has sanctioned over 1000 loans for allottees buying at these schemes in Jaipur and other districts in the state like Jhunjhunu, Jodhpur etc. and looks forward to helping out even more allottees needing loans to buy houses under these schemes.

Tata Shubh Griha Ahmedabad - allotment

Tata Housing has just declared the allotment of the 950 Shubh Griha flats (1 RK / 1 BHK) being sold at its new Ahmedabad project through a public lottery, which was heavily oversubscribed.

For a list of the successful applicants, please click on
Tata Shubh Griha Ahmedabad allottees

and for more information, news article below
Hindu Business Line article on lottery results

Of course, this is an approved project for MHFC and hence, we will finance successful allottees (subject to terms and conditions - for more details, please call our officer in Ahmedabad - Atul Vaishyak on 9067336929 - or email us on contact@mhfcindia.com).

Those who have not been able to apply or have been unsuccessful in the lottery process, but fit MHFC criteria of allotment (need financing upto 80% of cost, financially excluded, buying for primary residence use and not as an investment) can apply under the MHFC special quota (of 100 flats) from Tata Housing, which we will be allotting on a first come first served basis.

MHADA flats - 2011

Some announcements regarding new MHADA flats that will be available in 2011 - about 4500 flats of which 3700 under EWS / LIG categories - to be announced shortly.

HT article on 4500 MHADA homes coming up in 2011

HT article on HIG quota being limited to incomes not more than Rs 40,000 per month

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).

Tata Shubh Griha Vashind - Allotment of Flats

Tata Housing has just declared the allotment of the 1300 Shubh Griha flats (1 RK / 1 BHK) being sold at its new Vashind project. It is believed to have been oversubscribed several times over and thus the allotment has been made through a lottery.

For a list of the successful applicants, please click on
Tata Shubh Griha Vashind allottees

Of course, this is an approved project for MHFC and hence, we will finance successful allottes (subject to our terms and conditions - for more details, please see our website http://www.mhfcindia.com/ or call for more information on 22660427 / 22660130).

Separately, MHFC also has a special quota of 208 flats on the same project (which we will be allotting on a first come first served basis) so unsuccessful allottees who meet our criteria can call us for a chance to get an allotment.