| Scheme
for Financing Housing Projects for New Builders Eligibility
1.Promoters
should be financially sound.
2.Project
should be located at Corporation / Municipalit/Township areas and
on the own premises of the applicant
3.Projects
should have minimum 5 residential units.
4.Sufficient
parking space for vehicles commensurate with the number of residential
units should be provided.
5.Prior
approval for the plan from local authority / PCB/ FirForce etc should
be obtained .
Maximum
Loan Amount
Maximum
assistance is limited to Rs.500 lakhs or 66% of project costs.
Promoters
Contribution
34%
of cost of projects.Total land value will be reckoned for computing
project cost and for security purposes.
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