Developers’ Meet in Virar to Discuss CLSS of Pradhan Mantri Awas Yojana

New Delhi, December 15, 2016: IIFL Home Loans,one of the renowned housing finance companies of India is going to host a ‘Developers’ Meet’ in Virar on 15^th December. The meet would focus on Credit Linked Subsidy Scheme (CLSS) of Pradhan Mantri Awas Yojana (PMAY) and Swaraj Home Loans, said a top official of the company. After success in Pune, the company has decided to organize the event in Mumbai Metropolitan Region Development Authority (MMRDA) for raising awareness among the developers. There will be a more critical discussion on the concept.

The developers meet will start 6:30 PM onwards at Club One, Narangi Bypass Road, Evershine Globle City, Dongarpada Rustomjee Global City, Virar (West), Virar – 401303, Maharasthra. More than 60 developers & industry stalwarts from Virar and Boisar are expected to attend the meet. There will be a presentation on ‘Swaraj Home Loans’ and ‘lending for affordable segment’. Executive director and CEO of the India Infoline Housing Finance Ltd. Mr. Monu Ratra will deliver the presentation and address the crowd. The discussion will encourage private players to help the government in achieving ‘affordable housing for all by 2022’ while maintaining the finest standards of business practices.

Says a top official of the company, “CLSS of Pradhan Mantri Awas Yojana offers interest subsidy of upto Rs 2,20,000/- on home loans to first time home buyers, whose annual household income is of upto Rs 6 lakh per annum. The need of the hour is spreading awareness about the benefits of this scheme, so as to bring a transformational change in the society.” In spite of good income and affordability, most of the aspirant home buyers are facing tough time in getting home loans due to lack of proper income documents. ‘Swaraj Home Loans’ provides freedom from strict income documents and Indian nationals, with few basic identity documents like Aadhaar Card & PAN Card are eligible to apply. The entire documentation process is kept simple to mitigate the pain of aspirant home buyers. The housing finance company has already successfully hosted the builders meet in Bangalore, Hyderabad and Pune.

Corporate Comm India(CCI Newswire)