Pune’s Maple Group offers 1BHK for Rs 5 lakh
Pune’s Maple Group will be the first company to respond to clarion call of ‘Housing For All’ with the launch of 1BHK for Rs 5 lakh across 10 locations in Pune. The realty major expects 40,000 – 50,000 registrations, and only the lucky ones who make it will be given letter or acceptance on Maharashtra Day, 1st May 2016.
Few months ago, Maharashtra’s Housing Minister Prakash Mehta had said there is a requirement of 25 lakh affordable houses across the state as per various surveys and statistics compiled by bureaucrats and the state would try to meet this number. “Of the 25 lakh, 11 lakh houses will be required in Mumbai city and suburbs. There would be a need for another 5 lakh houses in the rest of the Mumbai Metropolitan Region and 9 lakh homes would be required in other parts of Maharashtra.”
Two-decade old Pune-based Maple Group has announced the launch of its Maharashtra Housing Day initiative wherein it will offer home seekers 1 Bedroom-Hall-Kitchen flat for Rs 5 lakh (excluding government levies). Under the aegis of its marque brand Aapla Ghar, Maple Group will provide Smart 1 BHK homes ranging from 281 – 302 square feet in Pune. A total of 10,000 smart 1 BHK flats will be built over a period of three years starting from 1st May 2016.
These 10,000 Smart 1 BHK flats will be spread across 10 locations in Pune, namely:
1. Chakan Talegaon
2. Moshi Annex
3. Wagholi Annex- Shirswadi
8. Urali Kanchan
9. Kondhwa Annex- Bhopgaon
10. Paud New
Commenting on the launch Sachin Agarwal, chairman & managing director, Maple Group, said: “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 mammoth 10,000 homes for which the allocation will happen on single day, Maharashtra Day, that is, 1st May at the hands of none other than the Chief Minister of Maharashtra / Housing Minister. We will be applying for Guinness World Records as part of our endeavour to propagate the Government’s Housing for All program”.
He continued: “Our marketing campaign kick starts from today and the registration process will start from Saturday 16th April till Monday 25th April, 2016. We expect a huge response to the tune of 40,000 – 50,000 bookings and hence the lucky ones who will make it to the 10,000 club will be given a letter of acceptance on 1st May, 2016.”
Maple Group has kept the booking process very simple. Buyers will have to first register through a form-fill that will cost them Rs 1,000 (non-refundable). These forms will be made available through newspaper advertisements, Maple Group office or by visiting the company website. And that is it! After receiving the letter of acceptance on 1st May, the home seeker will have to pay down payment of Rs 50,000 only. Maple Group has tied up with Bank of Maharahtra as its banking partner for this project and the “eligible” customers can apply for home loan. The EMI (equated monthly instalment) will be Rs 5000 for a period of ten years. Documents required are Aadhar card, PAN card, Voter ID and Bank statement.
It should be noted that as part of 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 SqM for the economically weaker sections and 60 SqM 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.