Housing Development and Infrastructure Ltd said it will soon launch its new budget homes brand in the 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’s suburbs and within Rs 20 lakh, including stamp duty and registration charges, in the Vasai–Virar region.
Sarang Wadhawan, VC & MD, HDIL said, “HDIL is committed in its endeavour to cater to the housing requirements of all sections of society. This brand is in continuation with our mission to provide affordable houses with modern amenities and comfort to our buyers.”
The recent announcement by the Centre 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.