Wednesday, April 25, 2012
Tuesday, April 24, 2012
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.
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.
Tuesday, March 20, 2012
Tata Shubh Griha Ahmedabad oversubscribed - DNA article
Tata Housing has closed its application process for its Shubh Griha project in Ahmedabad in just 15 days. It is believed to have sold close to 10,000 forms for the 1,000 approx flats on offer - a huge success reflecting the demand for quality low income housing priced at approx 10 lakhs and of course a project by a highly reputed group.
DNA article on Tata Shubh Griha oversubscription
Those who have not been able to apply through the lottery process or feel unsure of allotment, and 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.
For more details, please call our officers in Ahmedabad - Atul Vaishyak on 9067336929 - or email us on contact@mhfcindia.com
DNA article on Tata Shubh Griha oversubscription
Those who have not been able to apply through the lottery process or feel unsure of allotment, and 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.
For more details, please call our officers in Ahmedabad - Atul Vaishyak on 9067336929 - or email us on contact@mhfcindia.com
Monday, March 19, 2012
Anandgram project - Pune - some pictures
MHFC recently visited the Anandgram project (by Vastushodh developers) in Yavat, Pune - some new pictures (of the finished project) attached.
Budget 2012 - proposals related to low income housing / finance
Summary of Budget 2012 proposals which affect low income housing (developers / financing) :
• ECB (overseas borrowings) permitted for low cost affordable housing projects;
• Setting up of a Credit Guarantee Trust Fund to ensure better flow of institutional credit for housing loans;
• Enhance provisions under Rural Housing Fund from Rs 3000 crore to Rs 4000 crore;
• Extension of Interest Subvention Scheme of 1% on housing loan up to Rs 15 lakh for another year; and
• Enhancement of the limit of indirect finance under priority sector from Rs 5 lakh to Rs 10 lakh.
The ECB proposal is new and will positively impact developers who might enter this market since cheaper financing options will be made available - though we need to see the details of what constitutes low income housing when the RBI notification is issued.
RHF increase will help MHFC as will the raising of the indirect finance limit - as all our loans are less than 10 lakhs and generally to weaker sections (same objective as the RHF).
• ECB (overseas borrowings) permitted for low cost affordable housing projects;
• Setting up of a Credit Guarantee Trust Fund to ensure better flow of institutional credit for housing loans;
• Enhance provisions under Rural Housing Fund from Rs 3000 crore to Rs 4000 crore;
• Extension of Interest Subvention Scheme of 1% on housing loan up to Rs 15 lakh for another year; and
• Enhancement of the limit of indirect finance under priority sector from Rs 5 lakh to Rs 10 lakh.
The ECB proposal is new and will positively impact developers who might enter this market since cheaper financing options will be made available - though we need to see the details of what constitutes low income housing when the RBI notification is issued.
RHF increase will help MHFC as will the raising of the indirect finance limit - as all our loans are less than 10 lakhs and generally to weaker sections (same objective as the RHF).
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