Lodha Palava Codename Reverside Smartcity

"Some things are best done sooner rather than later. There is no reason to delay
investing in your dream home in Lodha Palava’s newest project, Codename Riverside.
One reason to keep in mind is the all-time low home loan interest rate hovering at
8.35% currently. The other reason is the possibility to avail loan subsidy through the
PMAY (Pradhan Mantri Awas Yojna). This scheme was envisioned to fulfill a lofty
mission – to enable housing for all by 2022, a time when India completes 75 years of
independence.
Some important details about the scheme are:
1. It is open to everyone whose annual income does not exceed INR 18 lakhs.
2. The person purchasing a house under this scheme, should not already own a pucca
house, i.e. one constructed of concrete.
3. You are entitled to avail loan subsidy of a maximum of 2.67 lakhs (for economically
weaker section and lower income group) to 2.30 lakhs for the others, under this
scheme.
4. You must provide proof of income, address, identity, bank statements of previous 6
months and any other documents that the bank offering home loan demands from you.
5. The home loan you take from the bank should be for a period of 20 years to avail the
maximum subsidy offered under this scheme.
6. You can purchase only one house per family/applicant in this scheme. Shown below is
the maximum permissible limit of house built area for different income groups:

Income group Max. permitted carpet area (in sq. meters)
Under 6 lakhs/annum 60
Under 9 lakhs/annum 90
Under 18 lakhs/annum 110"
http://riverside-smartcity.com/
Lodha Palava