UN HABITAT AWARD FOR LOW COST HOUSING PROJECT
Karjat (Maharashtra), April 25 2011: Tanaji Malusare City (TMC) has bagged the prestigious UN Habitat Business Award for its low cost housing project near Mumbai. TMC is a conglomerate of about 24,000 houses in a 100 acre township near Karjat railway junction, about 200 km from Mumbai. With a capacity to house about 60,000 people, TMC is India’s largest master-planned social housing project. Located within MMRDA’s urbanisable development zone, it is connected by road and rail to major employment regions in and around Mumbai.
The tree-lined township is self-contained with roads, playgrounds, shopping centres and schools. The houses boast urban amenities such as regular electricity and water supply. A new technology in use has virtually eliminated the use of bricks. The new technology is being hailed as an example of sustainable urbanisation and reduces carbon emissions by about 2 tonnes per unit. Its low cost makes it attractive to the masses; the model is replicable and skills can be transferred easily to the local people. These attributes put TMC at the epicentre of the low cost housing movement.
The UN Habitat programme supports socially and environmentally sustainable towns and cities with the mission of providing shelter for all. The UN Habitat Business Award has been instituted in recognition of the role that private businesses can play in combining new technologies with business models that can offer shelter and basic infrastructure to low-income urban populations, while at the same time generating profit for themselves.
When asked about the award, Mr Amod Kumar Singh, Vice President, Strategic Finance, TMC said, “We believed that our project should go beyond the mere delivery of physical housing units. Our vision is to build green-field cities for the poor. We are happy that our efforts have been recognised.”
The TMC project is master-planned by SKM Consulting, Australia.
BANK OF INDIA SUPPORTS TMC’s INITIATIVE
Loans to be provided at affordable interest rates to TMC applicants under the special Home Loan Scheme of Bank Of India for Individual Housing Loans up to Rs.10 Lacs
Mumbai 22nd January, 2009: India’s leading Public Sector financial institution Bank of India (BOI) today announced its support by according the Pre Approval of Tanaji Malusare City (TMC), first social housing project of Gopi Resorts Private Limited, a subsidiary of Matheran Realty Private Limited.
Bank of India has taken the earliest leap among the nationalized banks by pre-approving the TMC project so as to provide housing loans as per the special home loan package announced by Indian Banks Association for priority housing upto Rs. 10 lacs. TMC applicants will now be able to avail of cheaper loans at ease from Bank of India with considerably reduced documentation for every individual housing loan customer.
The project Approval enables the Bank to process the housing loans faster as the detailed verifications like Titles and various permissions from competent authorities are carried out beforehand to ensure the comfort on the project and the developer.
Commenting on the tie up, Ms. Nupur Mitra, General Manager, B.O.I and Zonal Head, Mumbai North Zone said, “This Tie-up will enable us to add a good retail housing loans portfolio in the priority housing segment”.
Bank Of India would be one of the first nationalized Banks in this Zone to extend affordable housing credit to the low income but eligible segment thereby implementing the special housing package announced by IBA recently to a greater extent.
Ms. Nupur Mitra, General Manager, B.O.I and Zonal Head, Mumbai North Zone further added, “this Public Private Partnerships would provide a very disciplined housing supply to a large segment of the society which otherwise remains away from owning the homes”.
Mr. Pravin Banavalikar, CEO of Tanaji Malusare City added, “We are extremely happy to associate with Bank of India, one of India’s leading Public Sector Bank who have agreed to support us in providing Individual housing loans at lesser interest rates. For us, this tie up will open up further opportunities to provide our potential customer base easy access and lower EMIs to facilitate their financial requirements”.
This will also boost the “Housing for All” initiative undertaken by Government of Maharashtra.
Mr. Pravin Banavalikar, CEO of Tanaji Malusare City further added, “The management acknowledges the proactive efforts on the part of Bank of India especially that of Ms Nupur Mitra-General Manager & Zonal Head Mumbai, in supporting this social cause by facilitating affordable housing credit to this sector”.
To boost the affordable and low income housing credit in particular, a special housing loan scheme was announced recently by Indian Banks Association to be facilitated through leading Nationalized Banks in India.
The highlights of the scheme are as below:
Rate of Interest: Under the package up to 30/06/2009
|
|
Fixed |
a) |
Loan Up to Rs.5 lac |
8.50% |
b) |
Loan above Rs. 5 lac Up to 20 lac |
9.25% |
Processing Fees: No processing fees on all loans originated till 30th June 2009
Insurance: Insurance cover for the loan amount
About Bank of India:
Bank of India was founded on 7th September, 1906 by a group of eminent businessmen from Mumbai. The Bank was under private ownership and control till July 1969 when it was nationalised along with 13 other banks. The Bank has made a rapid growth over the years and blossomed into a mighty institution with a strong national presence and sizable international operations. In business volume, the Bank occupies a premier position among the nationalised banks.
The Bank has 2884 branches in India spread over all states/ union territories including 155 specialised branches. These branches are controlled through 48 Zonal Offices. There are 27 branches/ offices (including three representative offices) abroad.
About Tanaji Malusare City, Karjat:
- Largest Master-planned Social Housing Project spread over 100 acres.
- TMC Homes available in the configuration of 1-Room Kitchen, 1-Bed Room Hall Kitchen and 2-Bedroom Kitchen, etc.
- TMC homes to cost Rs.2.10 Lac’s (1-Room Kitchen), Rs.3.15 lacs (1 Hall Kitchen), Rs.5.25 Lac’s (1-Bed Room Hall Kitchen) and Rs.7.35 Lac’s (2-Bed Room Hall Kitchen).
- Earmarked space for Schools, Hospitals, Multiplex, Shopping Malls and Playgrounds.
- Social Infrastructure like Fire Brigade and Police Station, Sewage and Water Treatment Plants.
- Township to be maintained and managed by TMC Management Company.
In a very recent development the Mumbai Metropolitan Regional Development Authority (MMRDA) has granted the Letter Of Intent to the project classifying TMC as a “Vital Public Purpose” Project. This is the first Public Private partnership ever with MMRDA for a Social Housing Initiative.
TMC will be the first developer’s of many ‘small format’ social housing developments in suburban areas of Mumbai. These sites have existing suburban rail and road connectivity and are well suited to meet existing demand for low priced residential housing in Mumbai or Pune.
TMC has opened a new sales branch office at Pune. The initiative will make it easier for applicants from Pune to resolve their queries about the project if any & will also enable them to make bookings without any hassle of travelling to Mumbai for the same.
About Matheran Realty Pvt. Ltd.
Matheran Realty Pvt. Ltd. (MRPL), a Mumbai-based real estate developer, has its core focus set on building affordable housing in India. TMC is India’s first social housing project by MRPL, spread across 100 acres and will house 60,000 people. MRPL plans to develop up to 80 million square feet of affordable housing in and around Mumbai over a period of 10 years. With a target of supplying 15,000 high quality affordable homes per annum with western quality infrastructure and services, the company is set to create a paradigm shift in the real estate sector.
Sterling Construction Systems (SCS) has been mandated the responsibility of executing the entire project. SCS is bringing to India a superior yet cost effective construction technology that builds high quality urban infrastructure at a much faster pace then conventional construction. The SCS system infact seeks to be the fastest construction system in the world. The system, invented in the year 2000 by Mr. Mark Taylor has already been tried, tested and implemented across 3 continents in countries such as Australia, Jordan, Oman, Qatar, the Philippines, Vietnam and India. Master planning of the TMC project has been done by SKM Australia and SCS Ltd. has engaged eminent John Mech El technologies as their services consultants and Kalpak Bhave as the landscape architects.
Matheran Realty ties up with leading financial
institutions to provide loans for TMC applicants
Overwhelming response received for first ever loan mela; Over 6000 sought financial assistance
Mumbai, 22nd October, 2008: Riding on the success of India’s first social housing project, Matheran Realty Pvt. Ltd. (MRPL) announced that it has tied up with leading financial institutions like ICICI bank, Mahindra Rural Housing Finance Ltd (MRHF), Gruh Finance Ltd. (GFL), Dewan Housing Finance Corporation Ltd. (DHFL) and MAS Housing Finance to provide loans on the spot to the allotted customers of Tanaji Malusare City (TMC).
Record numbers of applications were received earlier last month for a Pucca home at Tanaji Malusare City, in order to assist the customers allotted homes, the company organized its first loan mela at their CBD Belapur office with all housing finance companies tied up by the company participating. Over 6000 customers visited the mela, making it a grand success and prompting company officials to extend the loan mela to the coming week.
Commenting on this development, Mr. Pravin Banavalikar, CEO of Matheran Realty said, “Following the huge response to TMC, we felt the need of assisting our customers with financial assistance in order to make their dream a reality. We are extremely happy with the response received to our first loan mela. We have tied up with the best housing finance companies who had solutions for every customer, which ensured the satisfaction of all who attended. We will now extend this to a second mela for the benefit of others who could not attend.”
TMC will have 15,000 units spread across 8 million sq. ft. The township offers homes with sizes of 300 to 500 sq. ft. with integrated facilities such as schools, hospitals, theatres and retail outlets. The selling price of the basic 225 carpet sq. ft. house is Rs. 3, 00,000/-.
Sterling Construction Systems (SCS) has been mandated the responsibility of executing the entire project. SCS is bringing to India a superior yet cost effective construction technology that builds high quality urban infrastructure at a much faster pace then conventional construction. Master planning of the project has been done by SKM Australia. SCS Ltd. has engaged eminent John Mech El technologies as their services consultants and Kalpak Bhave as the landscape architects.
About SCS Ltd.
STERLING CONSTRUCTION SYSTEMS (SCS) is a giant leap in the area of rapid, reliable and cost effective construction in the real estate sector. The system SCS was invented in the year 2000 by Mr. Mark Taylor. The SCS system seeks to be the fastest construction system in the world. The system has already been tried, tested and implemented across 3 continents in countries such as Australia, Jordan, Oman, Qatar, the Philippines, Vietnam and India.
www.scs-world.com
About Matheran Realty Pvt. Ltd.
Matheran Realty Pvt. Ltd. (MRPL) is a Mumbai-based real estate development company which has its core focus set on building affordable housing in India. MRPL plans to develop up to 80 million square feet of affordable housing in and around Mumbai over a 10 year period, with a target of supplying 20,000 high quality affordable homes per annum with western quality infrastructure and services. The company is set to create a paradigm shift in the real estate sector by building “affordable homes” in and around Mumbai.
TMC announces the sale of its exclusive retail
space at India’s first social housing project
Commences sale of over 50,000 square feet of prime retail space
Mumbai 16th February 2009: Tanaji Malusare City (TMC) – India’s first Social Housing project announced the sales of its exclusive retail space, spread across 50,000 square feet at Karjat.
TMC will offer 112 units of retail space in total. These units are further divided into small and large formats. The size of larger formats are in the range of 390-820 sq.ft. whereas smaller formats are offered in the range of 116 -160 square feet (carpet area).
Commenting on this development, Mr. Pravin Banavalikar, CEO of Matheran Realty said: “We understand the need to develop TMC as a self sufficient township with all integrated amenities and facilities being provided to its residents. The retail component will form an integral part of this project and is very competitively priced. TMC will be offering huge opportunities to retailers as the township will have a captive consumer base of nearly 80-90 thousand people. Another added advantage to the retailers is the fact that the retail activity will be exclusive in nature, as outside vendors would not be permitted to operate from within the township. This will protect the interests of the retailers.”
After the successful completion of phase 1, TMC had recently announced the launch of their 2nd phase for which it has been receiving an overwhelming response. Soon after the launch of the 2nd phase,TMC today unveiled its exlusive retail space at Karjat thus benefiting the customers.
In a very recent development, the Mumbai Metropolitan Regional Development Authority (MMRDA) has also granted the Letter Of Intent to the project classifying it as “Vital for Public Purpose” Project. This is the first Public Private partnership ever with MMRDA for such Social Housing Initiative.
TMC – India’s Largest Master-planned Social Housing Project is unique indeed, making its way to turn people’s dreams into reality.
About Matheran Realty Pvt. Ltd.
Matheran Realty Pvt. Ltd. (MRPL) is a Mumbai-based real estate development company which has its core focus set on building affordable housing in India. MRPL plans to develop up to 80 million square feet of affordable housing in and around Mumbai over a 10 year period, with a target of supplying 20,000 high quality affordable homes per annum with western quality infrastructure and services. The company is set to create a paradigm shift in the real estate sector by building “affordable homes” in and around Mumbai.
About SCS Ltd.
Sterling Construction Systems (SCS), invented in the year 2000 by Mr. Mark Taylor, has been mandated the responsibility of executing the entire project. SCS is bringing to India a superior yet cost effective construction technology that builds high quality urban infrastructure at a much faster pace then conventional construction. Master planning of the project has been done by SKM Australia. SCS Ltd. has engaged eminent John Mech El technologies as their services consultants and Kalpak Bhave as the landscape architects. The system has already been tried, tested and implemented across 3 c ontinents in countries such as Australia, Jordan, Oman, Qatar, the Philippines, Vietnam and India.
www.scs-world.com
Interest in TMC builds up; Company to organize third
loan mela to meet with demand
Loan mela on November 22nd and 23rd at Belapur to see 5 leading financial institutions provide assistance to TMC applicants
Mumbai, 21st November, 2008: After the success of the first and second loan mela held in October, Matheran Realty Pvt. Ltd. (MRPL) has announced a third loan mela for the benefit of the potential home buyers of the second phase of Tanaji Malusare City at Karjat on the 22nd and 23rd of November, 2008. The leading financial institutions like ICICI bank, Mahindra Rural Housing Finance Ltd (MRHF), Gruh Finance Ltd. (GFL), Dewan Housing Finance Corporation Ltd. (DHFL) and MAS Housing Finance will be present to provide loans on the spot to the allotted customers of Tanaji Malusare City (TMC).
With the overwhelming response to the number of applicants growing day after day, this loan mela was inevitable. Commenting on the initiation of a third loan mela, Mr. Pravin Banavalikar, CEO of Matheran Realty said, “The more people are getting to know about this project, the larger is the number of people stepping forward for the housing project. The response has been beyond our expectations. This exceptional response has validated our intention and the positive need for such social housing projects. The integral main thought of this initiative is to elevate the lifestyles of the very low income group and give them an opportunity to own a house they can call their own. “
Mr. Banavalikar added, “The people are growing more confident in this project and that is reflected in the growing number of applicants. This loan mela is to meet the demands of the people coming forward for the TMC houses. Even the financial institutions are eagerly looking forward for these two days as they have seen a huge potential in the project. This project has already built a lot of interest among the entire lower income group and the financial institutions equally. This is a great boost for us as builders seeing the trust and interest for a pucca home which is encouraging us to finish the project and deliver it to the public as soon as possible. “
TMC will have 10,000 units spread across the township. The township offers homes with sizes of 300 to 500 sq. ft. with integrated facilities such as schools, hospitals, theatres and retail outlets. The selling price of the basic 225 carpet sq. ft. house is Rs. 3, 00,000/-.
About SCS Ltd.
STERLING CONSTRUCTION SYSTEMS (SCS) is a giant leap in the area of rapid, reliable and cost effective construction in the real estate sector. The system SCS was invented in the year 2000 by Mr. Mark Taylor. The SCS system seeks to be the fastest construction system in the world. The system has already been tried, tested and implemented across 3 continents in countries such as Australia, Jordan, Oman, Qatar, the Philippines, Vietnam and India.
www.scs-world.com
About Matheran Realty Pvt. Ltd.
Matheran Realty Pvt. Ltd. (MRPL) is a Mumbai-based real estate development company which has its core focus set on building affordable housing in India. MRPL plans to develop up to 80 million square feet of affordable housing in and around Mumbai over a 10 year period, with a target of supplying 20,000 high quality affordable homes per annum with western quality infrastructure and services. The company is set to create a paradigm shift in the real estate sector by building “affordable homes” in and around Mumbai.
