HDFC Ltd, India’s premier housing finance company, strengthened its presence in Hyderabad by opening a new office in Kondapur. The new office is housed at HDFC Limited, 1B, First Floor, Avalon Court, Plot NO 83 & 84, Camelot Layout, Botanical Garden Road, Kondapur, Hyderabad - 500084. This is HDFC Ltd’s 11th office in Hyderabad and 18th in Telangana.
The new office
of HDFC Ltd would be convenient for customers spread across Kondapur and
adjoining areas in availing home loans for buying their dream home. The new
office is centrally located and customer convenience was given utmost importance while finalizing the new premises.
The new
office will be open from Monday to Friday between 9:30 am and 5:15 pm;
Saturdays – 10:00 am to 1:00 pm and will remain closed on 3rd
Saturday of every month.
The new
office was inaugurated by Mr. Rajan Tandon - Business Head -Telangana &
Regional Business Head - Andhra Pradesh in presence of other senior HDFC
officials.
Speaking
on the occasion, Ms. Renu Sud Karnad, Managing Director, HDFC Ltd said,
“Kondapur is one of the fastest growing suburbs of Hyderabad and an
important market for us. With the presence of top IT/ITES & telecom
companies and improving infrastructure facilities in Hyderabad, real
estate market will witness a strong growth in coming years. Lower interest
rates and PMAY schemes has made house buying more affordable. It’s a matter of pride that we have this
opportunity to further extend our services to customers residing in the areas
near our new office and it has always been our endeavour to serve them with the
same zeal & commitment."
Emphasizing further she said,
“HDFC has always promoted the concept of home ownership and well recognizes the fact that providing personalized counselling is essential to serve home seekers more effectively. Our new office signifies the importance of the region in the HDFC’s network. We aim to reach the large untapped market of genuine home buyers and assist them in making an informed home buying decision.”
HDFC Ltd under ‘Pradhan Mantri Awas Yojana’ (PMAY) is offering the
credit linked subsidy for home loans to customers from the Economically Weaker
Section (EWS), Low Income Group (LIG) and Mid Income Group (MIG). As per the
scheme, eligible borrowers will get interest subsidy of 6.5% pa for loans up to
₹ 6,00,000 for EWS and LIG category (annual household income up to ₹ 6,00,000),
interest subsidy of 4% for loans up to ₹ 9,00,000 for MIG-1 category (annual
household income between ₹ 6,00,001 & ₹ 12,00,000) and interest subsidy of
3% for loans up to ₹ 12,00,000 for MIG-2 category (annual household income
between ₹ 12,00,001 & ₹ 18,00,000) for a maximum tenure of 20 years. The
effective subsidy to customer is in the range of ₹ 2.30 - 2.67 lakhs on a 20
year term, receivable upfront. The schemes for MIG-1 and MIG-2 are valid up to
March 31, 2021 and schemes for EWS/LIG are valid up to March 31, 2022.
HDFC in order to promote affordable housing has created dedicated
teams across the country. These teams have conducted extensive workshops to
educate developers and their sales staff, corporate and their employees, etc by
setting up help desks at their offices. HDFC during the quarter ended June 30,
2020, 37% of home loans approved in volume terms and 19% in value terms have been
to customers from the Economically Weaker Section (EWS) and Low Income Groups
(LIG). HDFC retained its position of having the largest number of beneficiaries
under CLSS, with cumulative disbursements to nearly 2 lakh customers under the
scheme.
HDFC Ltd in March 2019 was awarded as the ‘Best Private Sector
Financial Institution’ for PMAY-CLSS at PMAY Empowering India Awards 2019. Also
in June 2018, HDFC was awarded the best performing primary lending institution
in the EWS (Economically Weaker Section) and LIG (Low Income Group) and second
best in the Middle Income Group (MIG) category by the honorable Prime Minister
Shri. Narendra Modi. This is one small step towards “Housing for all by 2022”
which HDFC ltd has been working on as a mission and business objective to take
the government’s flagship scheme, ‘Pradhan Mantri Awas Yojana (PMAY)’ to the
real beneficiaries.
HDFC follows a single-window concept and offers free property
counselling services for a variety of individual needs, legal & technical
guidance and has capabilities to approve loans swiftly. With its understanding
and knowledge of the real estate market, HDFC also advises customers on
property related issues. It has grown to provide not just the finance but a
complete solution to the customers’ housing needs since buying a house for most
of us is the biggest Investment and once in a life time decision.
Innovative products tailored
for the customers:
·
Housing loans
·
Home Improvement Loans
·
Home Extension Loans
·
Plot Loans
·
Rural Housing Finance Loans
·
HDFC Reach
·
HDFC Arya - loans to Central
and State Govt. Employees
·
Loans to NRIs
·
Loan Against Property
·
Top-up Loans for existing
customers
·
Customized repayment options
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