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Anandgram,a ray of hope for urban poor

Over 80 buyers from the unorganised sector and self-employed segment,who generally face difficulties in getting home loans owing to unavailability of required documents...

Over 80 buyers from the unorganised sector and self-employed segment,who generally face difficulties in getting home loans owing to unavailability of required documents,have been able to fulfill their dream of having a home with the support of the Micro Housing Finance Corporation (MHFC).

They get flats in the project ‘Anandgram’,a micro township set up by Vastushodh Projects Private Limited to provide a solution to the city’s need of housing for the urban poor.

“With ‘Anandgram’,we wanted to provide an effective yet affordable option to those who wish to live in better conditions,though slightly away from the city,rather than staying in the overcrowded,expensive localities in the cit,” said Sachin Kulkarni,MD,Vastushodh Projects,in a press note.

The township is located at Yavat on the Pune Solapur highway.

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“Buyers from the unorganised sector often face a problem in getting home loan. We are happy to share that MHFC has helped us in resolving this problem and has offered an helping hand to such buyers having profiles like roadside garage owner,butler,tailor,watchman,porter,and a rickshaw driver to name a few”, Kulkarni added.

Nachiket Shelgikar,director,MHFC said,“This is our first project in Maharashtra outside Mumbai and we are indeed very happy to have partnered with Vastudhodh in its endeavor to establish a new concept in affordable housing. So far,we have cleared over 80 cases with loan amount worth Rs.3.6 crore and few more cases are in the pipeline.”

MHFC has offered lower interest rates to the genuine buyers,for those ones who will be staying at the flat and shall not rent it out to someone else after completion,he added.

First published on: 04-06-2010 at 01:36:37 am
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