Credit Linked Subsidy Scheme (CLSS)
The Mission, in order to expand institutional credit flow to the housing needs of urban poor will implement credit linked subsidy component as a demand side intervention. Credit linked subsidy will be provided on home loans taken by eligible urban poor (EWS/LIG) for acquisition, construction of house.
Beneficiaries of Economically Weaker section (EWS) and Low Income Group (LIG) seeking housing loans from Banks, Housing Finance Companies and other such institutions would be eligible for an interest subsidy at the rate of 6.5 % for a tenure of 15 years or during tenure of loan whichever is lower.
The credit linked subsidy will be available only for loan amounts upto Rs 6 lakhs and additional loans beyond Rs. 6 lakhs, if any, will be at nonsubsidized rate. Interest subsidy will be credited upfront to the loan account of beneficiaries through lending institutions resulting in reduced effective housing loan and Equated Monthly Instalment (EMI).
|Location||Flat Type||BUA Sq.ft||Rate psf Saleable||Basic Price||City Development Charges||Agreement Value|
|Paud A , B||1 BHK - Comfort||385||2,925||11,26,125||2,25,000||13,51,125|
|Paud C||1 BHK||402||2,767||11,74,730||2,50,000||14,24,730|
|1 BHK - Compact||305||2,767||8,96,828||2,00,000||11,06,876|
|1 RK - Compact||245||2,676||7,15,900||2,00,000||9,26,066|
|Ranjangaon (MIDC)||1 BHK - Compact||324||2,672||8,65,728||1,95,000||1,060,728|
|1 BHK - Comfort||385||2,651||1,020,635||1,95,000||1,215,635|
|1 BHK with Balcony||419||2,641||1,105,523||1,95,000||1,300,523|
|1 BHK Garden||431||2,639||1,136,353||1,95,000||1,331,353|
|1.5 BHK with Balcony||546||2,601||1,421,186||1,95,000||1,616,186|
|1.5 BHK Garden||553||2,600||1,438,840||1,95,000||1,633,840|
|Chakan Annex||1 BHK||420||2,680||11,25,600||2,00,000||13,25,600|
* Possession Starts:
1) Ranjangoan-december 2016
3) Paud A -december 2016
4) Paud B -july 2017
5) Paud C -december 2017
6) Paud D -april 2018
7) Chakan Annex dec 2017
* 50,000 as down payment. Balance payment as per the payment schedule.
* Registration, Stamp Duty, VAT & Service Tax are additional as applicable.
* City Development Charges include club charges, meter cost, legal charges and other infrastructure costs.