NEW DELHI (INDIA): Taking a cue from Prime Minister of India Narendra Modi’s ambitious call to provide Housing for All by 2022, India’s leading real estate company Wave Infratech today launched “Swamanorath” in Wave City-NH24 under Prime Minister Awas Yojna (PMAY), thereby becoming one of the few developers to launch a project under this scheme.
With families residing in floors and plots in Wave City, it gels well with buyers who already have a neighbourhood and the advantage of world-class infrastructure.
PMAY aims to provide 2 crore low cost homes across the country by 2022. The scheme makes it extremely convenient for economically weaker section and lower income group to own a home. Giving a fresh impetus to the scheme, the Prime Minister recently announced several other incentives that widen the scope of beneficiaries under this scheme.
Wave City’s Swamanorath is a small step towards fulfilling this grand vision.
Swamanorath has two towers in G+14 structure comprising 356 units. Available in 1BHK, 2BHK and 2BHK+study in sizes 434 sq. ft., 678 sq. ft. and 790 sq. ft. and priced at Rs 8.4 lakh, Rs 13.1 lakh and Rs 17.98 lakh respectively. While parking for two-wheeler is free for 1&2BHK homes, car parking is free for 2BHK+study option. Bookings price start as low as Rs. 51,000.
Commenting on the development, Munish Mishra, Sales Head, Wave City said: “Swamanorath is our way of supporting, associating and partnering in the grand vision of Hon’ble Prime Minister. We are fully committed to provide low cost quality housing and help elevate the living standards of our patrons. With interest rate declining and PMAY providing for interest subsidy, it’s a great time for homebuyers to purchase a home in Wave City. This township has made exceptional strides on the infrastructure front in the last few years. Our focus on enhancing liveability has seen a large number of families residing in the township.”
Beneficiaries can apply for housing loan under CLSS (Credit Linked Subsidy Scheme) at all bank branches. Under this an interest subsidy at 6.5% can be availed for 15 years for loans upto Rs. 6 lakh, which means an interest subsidy up to Rs. 2.2 lakh.
Located on 57 meter wide road, in sector 6 (Palmwood Enclave), the specifications, amenities and facilities in Swamanorath is unparalleled. The proposed smart features of Wave City are an added advantage for prospective residents.
Wave City has commenced the possession of plots, Prime Floors and Wave Floors. Over 500 families have taken possession of plots while around 100 families have taken possession of independent floors. Construction is on in full swing on residential flats viz. Dream Homes and Wave Executive Floors.