"Panthoibi Green Home" Housing Project launched
Source: Chronicle News Service
Imphal, January 08 2023:
Panthoibi Constructions Pvt Limited, a sister company of Panthoibi Housing Finance Company Limited (PHFCL), has launched a new housing project, 'Panthoibi Green Home' at Khabam Bamdiar located near Imphal International Airport.
Announcing this in a press meet held at Khabam Bamdiar on Sunday, PHFCL chairman and managing director Thokchom Hemo Singh informed that the project will provide numerous benefits including providing a property/plot of 2610 sq ft (point 6) to potential buyers who want to purchase landed prop-erty/plot for construction of a new pucca building in Greater Imphal area.
Buyers in need of money to construct the house after purchasing the plot can avail the Subsidised Home Loan of PHFCL.
He further informed that a 10 per cent discount will be given to buyers who make full payment at the time of buying the plots.
For those paying 50 per cent of the total amount as advance payment, the remaining 50 per cent could be paid at 10 percent interest per annum i.e., at the rate of 0.85 per cent interest per month in addition to a small monthly instalment (EMI) for a year.
A discount of 5 per cent will be given for this mode of payment.
The third option would be to pay Rs 5 lakh as advance payment and to clear the remaining amount through EMI within 2 years.
Thus, buyers can buy the plots easily through these three options offered by the Company and ensure speedy construction of a G+3 pucca building, he said, while adding that the booking for the same has been launched from Sunday onwards.
Regarding Panthoibi Green Home, Thokchom Hemo informed that the project will have all the necessary amenities including playground, club house, commercial building, health care facility and others.
As such, it is time for the people of the northeast and the entire country to be aware of the active role taken by PHFCL, the first licence holder public limited housing finance company and the only RBI regulated housing finance company in the northeast region, in bringing financial freedom to Manipur.
The managing director continued that PHFCL, as permitted by RBI, now has maximum loan products such as Housing Loan, Loan Against Property (LAP), Microfinance Loan, Gold Loan, etc.
He then stressed the need for people to understand limited finance company, equity share, preference share, debenture and related investment policies.
A public limited finance company has no limit on the number of shareholders but a private limited company is limited to 200 shareholders, he explained.