February 2020

Affordable Housing, Interview with Anil Nair Nagpur, Chairman BAI and MD Pioneer Group.

We  met with Mr Anil Nair, Chairman, Builder Association of India, IPP CREDAI  and  also MD  Pioneer Infrastructure.  We asked  him for his views and  guidence  on how a prospective home buyer  should approach buying to get maximum benefits. Q 1. What is PMAY  &  how does it benefit  a Home buyer? PMAY is Pradhan Mantri Awas Yojana, launched in June 2015 for promoting affordable housing in the Country. Government of India has targeted 2cr affordable homes by 2022, in this context they are giving upfront  subsidy upto 2.67 lac for eligible persons. Subsidy are available for LIG, MIG (I) and MIG-(II) category people. Category Annual Household Income Unit Carpet Area Reduction in EMI Overall Savings EWS Upto 3lac 30 sq mtr 2,500/- More than 6 lac LIG 3-6lac 60 sq mtr 2,500/- More than 6 lac MIG-I 6-12 lac Upto 160 sq mtr 2,500/- More than 5.4 lac MIG-II 12-18 lac Upto 200 sq mtr 2,500/- More than 5.3 lac These are tables for a term of 20 years at 10% annual interest. Subsidy is through interest subsidy which is credited upfront to the loan account of beneficiaries resulting in reduced EMI. But Subsidy for MIG-I and MIG-II is available only till 31.03.2020.  So buyers need to decide quickly to avail the benefit.   What  most  Home buyers  are  not calculating  is the effect  of  2.67 Lac  on Their Capital  and  saving in Interest.  This subsidy  will save  them  2.67  Lac  PLUS  Interest saving over  15 years,  which itself  is more than 5.00 Lac .. So the Net benefit that a buyer gets  is  6.67 Lac ! Why should a buyer  select Wardha Road ? In Nagpur wardha road has emerged as the main Growth  Center of  Central India. Properties on Wardha road  have appreciated  the most in Recent years.   [Read More]

Pioneer Orchid (2 BHK) : An Affordable Housing Scheme Anil Nair, Director Pioneer Nagpur.

Pioneer Orchid (2 BHK) : An Affordable Housing Scheme – By Anil Nair , Director Pioneer Nagpur. If you are looking for a  Affordable  2BHK House  with  Nagpur City Limits, On Wardha road,    Pioneer Orchid is an  Ideal Option. The Scheme  is  Under  Construction and expected to complete fast. We met with  Anil Nair, Director of Pioneer Construction Company and  he explained the reasons  why  you should  consider booking a flat   in Pioneer Orchid. Reason  One  The  PMAY Scheme Which gives  benefits of  2.67  Subsidy on new  Flat Booking is coming to an end  on 31 March 2020,  So  You need  to  Hurry   and Book your  flat  at earliest. Two,  The  Real estate Prices  are  lowest as  of now,  so  If  you  buy your house now,  you will get better appreciation in value. Three,   the  Scheme  has  excellent specifications like  :       AC point in Bedroom, Aluminum Powder Coated Window,  Anti Skid Tiles In Balcony and Terrace, Black Granite Top on Kitchen Otta,  Ceramic Tiles 12″x 12″, Putty finish OBD paint on walls, M.S. railing in Balcony,  TV and Telephone point in Hall and Bedroom Toilet Dado Tiles upto 7 ft Height, Vitrified Tiles in Hall, Dinning, Bedrooms   et. al   In Short  All premium features  are  available in your  future  home. Four,  The  Location is  Very convenient and  near  International Airport,  Walking distance from Chinchbhuvan Bus Stop and  Metro Station,   Near Industrial Hub, Leading Educational Institutions, Major Medical Health Care Facilities, The biggest IT Park in Nagpur. Five,  The  Price  is  vary affordable and the Pioneer Orchid  Project is approved  by all Major Banks  including SBI, HDFC,  ICICI, AXIS,  BOM, PNB .   Our  team  Helps  you  to get  your   loan approved  at earliest and   also helps  in  Getting the PMAY  subsidy  documentation completed.  In fact  PIONEER  group Headed  by Anil Nair, [Read More]