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« Stock Preview : DLF, Unitech, Tata Power | Home | NRI Community Comes in Support of the Realty Sector »

DHFL Plans to develop affordable Housing Projects

DHFL Property Services Ltd has tied-up with various developers and builders across the country to develop affordable projects for low and medium income groups in semi-urban and rural areas.

The company plans to rollout its projects in suburban areas of Ahmedabad, Chennai, Hyderabad and Mumbai.

B K Madhur, CEO, DHFL Property Services Ltd, said, “We have always focused on enabling access to home ownership for the lower and middle income (LMI) groups across India through our mortgage finance company DHFL for 25 years. Our association with Vatsalya Developers for their Dream City project will address the need of proper housing along with other facilities to the LMI segment.”

The company will market 2,400 flats in ‘Dream City’, a project developed by Vatsalya Developers Boisar, located approximately 90 kms from Mumbai. The project which is expected to complete by March 2010, will offer the residents multiple facilities like schools, play area, clubhouse, parking space, theatre, community hall; etc.

The company will launch similar projects other districts of Mumbai- Virar, Karjat and Badlapur.

DHFL Property Services Ltd is a 100% subsidiary of housing finance company Dewan Housing Finance Corporation Ltd (DHFL).

Dewan Housing Finance Limited (DHFL), established in 1984, provides several housing finance products like home loans, home extension loans, home improvement loans, home loans for NRI’S, plot loans, mortgage loans, non-residential property loans, home loan linked insurance plans and reverse mortgage. The company has a network of over 54 branches and 111 service locations.

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