NEW DELHI (INDIA): Housing Development and Infrastructure Limited (HDIL) said that it will soon launch its new budget homes brand in Mumbai Metropolitan Region (MMR).
Through this brand, HDIL aims at making quality housing at affordable prices accessible to a wider section of people. Under this brand, HDIL will provide affordable homes within Rs.50 lakh inclusive of stamp duty and registration in Mumbai Suburbs and within Rs.20 lakh including stamp duty and registration charges in Vasai – Virar region.
Commenting on the announcement, Sarang Wadhawan, Vice Chairman & Managing Director, HDIL said “HDIL is committed in its endeavor to cater to the housing requirements of all sections of the society. This brand is in continuation with our mission to provide affordable houses with the state-of-the-art amenities and comfort to our buyers. “
The recent announcement by the Union Government to grant infrastructure status to affordable housing is a welcome move as it would ensure easy access to institutional credit and help in reducing developers’ cost of borrowing for affordable projects. The approval process would be simplified with clear guidelines and transparency.