The Hindu Business Line : Tata Housing, MHFC tie-up to offer loans to LIG

MUMBAI: Tata Housing Development Company (Tata Housing) has partnered with Micro Housing Finance Corporation (MHFC) to provide easy housing finance to the lower income group for its housing initiative - Shubh Griha.

The company has also extended the deadline for the submission of the application forms to May 28 for the 1,000 unit integrated township, a press release issued here on Saturday stated.

MHFC has set up a stall at the Boisar site in Thane district in order to assist consumers in the procedures. The MHFC loans will be long-term micro mortgages for need-based housing. MHFC would be flexible in its documentation requirements and will mak e its interest rates affordable.

Bookings will be accepted till May 28 along with the initial booking amount of Rs 10,000 through a bank pay-order at the Tata Housing office at Fort in south Mumbai and the site office at Boisar. Tata Housing's Managing Director and CEO, Brotin Banerjee , said that “Shubh Griha, the consumer at the bottom of the pyramid has an opportunity to fulfil his dream of owning a house in a city like Mumbai. We are delighted to partner with Micro Housing Finance Corporation and provide an opportunity to all those who aspire for a home to realise their dreams.'' - PTI

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