Pune Real Estate: Housing for All

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Pune-based Maple Group announced the launch of its Maharashtra Housing Day initiative, offering Smart 1-BHK homes for Rs. 5 Lakh (excluding government levies and development charges). This scheme falls under its marque brand ‘Aapla Ghar’ wherein the homes range from 300-350 sq ft. The company will build a total of 10,000 homes over a period of 2-3 years, starting May 1, 2016.

These Smart Homes will be available in 12 locations across the city:

  1. Chakan Talegaon
  2. Moshi Annex
  3. Wagholi Annex
  4. Sanaswadi
  5. Ranjangaon
  6. Wai
  7. Shirwal
  8. Urlikanchan
  9. Kondwa Annex – Bhopgaon
  10. Paud
  11. Talegaon Dhamdere
  12. Shikrapur

Chairman and MD of Maple Group, Mr. Sachin Agarwal says “Since 1997, Maple Group is a firm believer in providing affordable housing to the common man without compromising on quality. ‘Affordable’ does not mean ‘Inferior’ and it is with this ethos that we provide modern amenities for a healthy and happy living experience under our brand name, Aapla Ghar. Today, we are embarking on a journey to provide 10,000 homes for which the allocation will happen on Maharashtra Day, May 1, 2016. We have requested the Chief Minister of Maharashtra to hand over the allotment letters to the lucky ones. We will be applying for Guinness World Records as part of our endeavour to propagate the government’s Housing for All program.”

The home booking process is simple; buyers need to submit an application to register for allocation by filling a form that will be available through newspaper ads, at the Maple Group office or on their website. Registration fee will be Rs. 1000 (non-refundable).

Once a buyer receive an allotment on May 1, 2016, he/she will need to pay a down payment of Rs. 50,000. State Bank of India is the Group’s banking partner for this project and those who receive allotment can apply for a home load with the bank.

In the ‘Housing for All’ initiative, formulated under the Pradhan Mantri Awas Yojana, the government has charted out four approaches to provide low-cost housing — slum redevelopment on the existing plot, an interest subsidy scheme, creation of housing stock on a public-private participation model, and beneficiary-led individual houses. Using these approaches, the government can create houses of up to 30 Sq. m. for the economically weaker sections and 60 Sq. m. for the lower-income groups. The Union government will provide funding of Rs. 1.5 Lakh per tenement, created under the scheme while the state government will top it up with another Rs. 1 Lakh.

The state government has also relaxed the income criteria for economically weaker sections and lower income groups to bring it in line with the Centre’s directive.

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