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Affordable Housing Fund in Union Budget 2018-19 : Realize your Dream Home within the Budget

Posted by desirenestadmin on May 13, 2022

Affordable Housing was the long-term dream for many middle – income Indians living in the cities till now.  In the 2018-19 union budget, the Government of India has made the dream come true by setting up the Affordable Housing Fund (AHF).

Key points under Affordable Housing  Fund(AHF):

  • Finance Minister Arun Jaitley has given the assurance of 31 lakh Budgeted homes to be built for middle – class in urban areas in his 2018-19 Budget.
  • It helps in providing affordable homes in urban areas to middle-income and lower-income groups.
  • The Buyer can avail credit worth anywhere between Rs 1 lakh to Rs 2.30 lakh under the scheme.
  • The Buyer will get the advantage of a reduced housing loan interest rate of 6.5 percent as opposed to the market interest rate (10.5 percent).
  • It is set up under the National Housing Bank(NHB) which plays the important role in identifying and distributing these subsidies in the form of credit and lowered interest rates.

Now, let us have a look at the Properties under Affordable Properties Segment in Bangalore:

Provident Park Square: Kanakpura Road

HM World City: Kanakpura Road

Rohan Akriti: Kanakpura Road

Provident Sunworth/Rays of Dawn: Mysore Road

Brigade Panorama: Mysore Road

VBHC Palm Haven: Mysore Road

Tata New Heaven: Tumkur Road

Sobha Dream Acres: Panathur Road

Goyal & Co Orchid: Whitefield

Sowparnika Sanvi: Whitefield

Shriram O2: Budigere Cross

Brigade Buena Vista: Budigere Cross

 Arvind Sporcia: Near Manyata Tech Park, Hebbal

Salarpuria Park Cubix: Devanhalli

Brigade Orchards: Devanhalli

Arvind Sporcia: Near Manyata Tech Park, Hebbal

Assetz Here & Now: Near Manyata Tech Park

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