Wave City launches “Manorath”…Affordable Homes under Pradhan Mantri Awas Yojna

· Priced as low as Rs 8.4 lakhs; Bookings available for Rs 51,000 only

· Those qualifying under PMAY to get interest subsidy up to Rs 2.2 lakh

· Over 350 units available in 1BHK, 2BHK and 2BHK+study options

· Housing Loan available at all banks

· Strategically located on 57 meter wide road in Sector 6, Wave City

Ghaziabad, February 08, 2017: Taking a cue from Honourable Prime Minister Shri Narendra Modi’s ambitious call to provide Housing for All by 2022, India’s leading real estate company Wave Infratech today launched “Manorath” in Wave City-NH24 under Prime Minister Awas Yojna (PMAY), thereby becoming one of the few developers to launch a project under this scheme.

With families residing in floors and plots in Wave City, it gels well with buyers who already have a neighbourhood and the advantage of world-class infrastructure.

Pradhan Mantri Awas Yojna (PMAY) aims to provide 2 crore low cost homes across the country by 2022. The scheme makes it extremely convenient for economically weaker section and lower income group to own a home. Giving a fresh impetus to the scheme, the Prime Minister recently announced several other incentives that widen the scope of beneficiaries under this scheme.

Wave City’s Manorath is a small step towards fulfilling this grand vision.

Manorath has two towers in G+14 structure comprising 356 units. Available in 1BHK, 2BHK and 2BHK+study in sizes 434 sq. ft., 678 sq. ft. and 790 sq. ft. and priced at Rs 8.4 lakh, Rs 13.1 lakh and Rs 17.98 lakh respectively. While parking for two-wheeler is free for 1&2BHK homes, car parking is free for 2BHK+study option. Booking price starts at Rs. 51,000.

Commenting on the development, Mr. Munish Mishra, Sales Head, Wave City said: “Manorath is our way of supporting the society to fulfil their dreams of owning their own home. We are fully committed to provide low cost quality housing and help elevate the lifestyle of our patrons. With interest rate declining and PMAY providing for interest subsidy, it’s a great time for homebuyers to purchase a home in Wave City. This township has made exceptional strides on the infrastructure front in the last few years. Our focus on enhancing liveability has seen a large number of families residing in the township.”

Beneficiaries can apply for housing loan under CLSS (Credit Linked Subsidy Scheme) at all bank branches. Under this scheme, an interest subsidy up to Rs. 2.2 lakh will be available.

Located on 57 meter wide road, in sector 6 (Palmwood Enclave), the specifications, amenities and facilities in Manorath is unparalleled. The proposed smart features of Wave City are an added advantage for prospective residents. The project is expected to be delivered in three years.

Wave City has commenced the possession of plots, Prime Floors and Wave Floors. Over 500 families have taken possession of plots while around 100 families have taken possession of independent floors. Construction is on in full swing on residential flats viz. Dream Homes and Wave Executive Floors.

On the infrastructure development front, a police station has been set up inside the township with 24×7 police patrolling and CCTV surveillance, armed security with walky-talky and a security control room. Mother Dairy Fruits and Vegetables Pvt. Ltd. and a drug store have already been made operational. Internal roads are connected with sector roads and parks have been developed for residents to relax and rejuvenate. Smart street lights have been installed and for smooth travel of residents, E-vehicle within the city is provided along with Wave City Express Bus for commuting to Vaishali metro station. DPS- Wave City School and Indo-German Hospital are situated inside the township and are operational; while reputed educational institutions like AKG Engineering College, Hi-Tech Institute of Engineering and Technology, Institute of Management Studies and Columbia Asia Hospital are located at a stone’s throw distance.

The location of Wave City makes it an envious address. Situated on NH-24, whose 14 laning is proposed, the township is just 30 mins from Delhi, 15 mins. from Noida, 10 mins. from new proposed metro station and the proposed Eastern Peripheral Expressway crosses the township thereby making commuting to and from high density regions like Faridabad, Palwal, Kundli & Sonepat convenient.

Corporate Comm India(CCI Newswire)