It is totally depending on the policies, which is succeed by the government of Haryana at that time.
No, an applicant shall not be allowed as he had already allotted the flats/ plot, which provided by the government but he/she has option to hand- over his unit so that, the preferences will be given to other applicants.
No, there will not be any problem if he lost his acknowledgement, though he requests the developer to share his application number.
No, he cannot submit 2 applications in the same project using same name he can submit only one application in one project. Though he allowed to apply in as many projects.
The date will not be decided before. Usually, it will take atleast three months from the last date of application to the project.
Yes, it is necessary that the applicant should carry his acknowledgement at the venue because it is the official receipt of application of that particular property.
Since the draw is conducted in presence of all applicant, including high ranking state government officials, auditors who is third party and the applicant can also present in the entire process of draw. This entire event is well video-graphed.
No, the draw will not be conducted for overall department because at the time of draw the categories can’t be merged. so, the draw will be separate for each category.
Yes, the applicant will get 10% of interest on his booking amount for the duration, if it exceeds 90 days.
The result will be published in the same newspapers in which advertisement for application was published for that particular project. The successful allotters will be informed personally by the developer via email and postal letters. Other than this it will be declared on the project website itself.
No, he has option to choose any one apartment and hand-over another apartment.
Yes, there will be a waiting list which is maintain by the developer, in that list of 25% of the applicants for 2 years. If a wait- listed applicant wishes to withdraw from the list, he can withdraw and his booking amount will be refunded.
There are different modes payment can be made via cheque, demand draft, banker’s cheque, NEFT, RTGS. Cash payment will not be acceptable by the developer.
The allotters will be given a period of 15 days from the date of of allotment to make the next installment payment.
The booking amount will be refunded through cheque which is either delivered to their correspondence address via registered post or the applicants can collect it from the developer office after providing all valid documents.
It depends on the developer, if he provides extra period of time then also applicant fails to make payment, his allotment stands cancelled.
5% out of 15% will be released by the government, if developer gets occupation certificate and rest 10% will released only after 5 years of ownership that he has maintain the particular project for 5 years. If there is any delay by the developer then, finally he will lose his security deposit because such type of project has very thin line of margin.
The developer has to lose his security deposit of 15% of the project and he will be blacklisted for future. The license also gets cancelled.
After 5 years, an RWA will be formed by the government and it will take care of entire maintenance of the project.
Yes, they will provide power back up but that is provisional.
Though it is mandatory to provide one free two-wheeler parking for each unit. An open area in the project can be used for car parking and it is free and open to all because the said area can’t be sold or leased to any occupant.
Since the entire projects will be controlled by DTCP and it is mandatory that the developer should only predefined materials which are approved by the government. So we can say the quality of construction will be Superior.
The construction of the project will begin after clearances of all legal formalities from various departments.
Yes, the applicant can withdraw after 2 or 3 years from the project. Only Rs 25000/- will be deducted from amount he has paid to the developer and the rest will be refunded and the said flats will be offered to wait-listed applicants.
No, all the affordable housing projects fall under private department of Town & Country Planning (DTCP), Government of Haryana.
MRG World is a 21st Century real Estate Company and it has sets an aggressive target of delivering 100,000 flats by year 2022 under the affordable housing projects.
As we know housing is a basic necessity for a human being to stay in, with rising costs of land and homes but this necessity remains a dream for most. That’s why, the Government of India started a scheme known as PMAY (Pradhan mantri awas yojana). People get an affordable house within their financial capabilities through this scheme.
To serve the customers and to provide professional home loan services at your locations with zero fee service and hassle frees, there is a MRG World which is a real estates company who tie up with notch financial institutions. It will ensure you for quick services with minimum interest Rates.
Benefit from PMAY Scheme & Tax Benefit
PMAY is a subsidy scheme which is available for home loans belonging to EWS, LIG, MIG 1 & 2 category under section 24B and 80C.
The tax benefits available under section 80C, you can take benefit by reducing your taxable income up to INR 150000 on interest amount who you paid during financial year.
24B or 80EE section is for the benefit of the home buyer, under this income tax act you can take benefit by reducing your taxable income up to INR 200000 on interest amount which you paid during financial year.
The most important benefits of PMAY which provide benefit up to INR 267000.
As we know credit score plays a vital role if you want to avail any kind of loan. It is basically a numeric representation of your credit worthiness and the calculation this record is based on your past repayment track record. So, when you make timely payment of your home loan EMIs, it results a positive effect on your CIBIL/credit score which improves your creditworthiness.
This makes easy to get approvals on future loan and credit card applications.
Getting a dream home is first desire if you are investing your all money in a single thing.
In case if you take home loan then it allows you to go beyond your set budget and choose best home or property.