HDFC Ltd, India’s premier housing finance company, strengthened
its presence in Hyderabad by opening a new office in Kondapur. The new office is housed at HDFC
Limited, 1B, First Floor, Avalon Court, Plot NO 83 & 84, Camelot Layout, Botanical Garden Road,
Kondapur, Hyderabad – 500084. This is HDFC Ltd’s 11 th office in Hyderabad and 18 th in Telangana.
The new office of HDFC Ltd would be convenient for customers spread across Kondapur and
adjoining areas in availing home loans for buying their dream home. The new office is centrally
located and customer convenience was given utmost importance while finalizing the new premises.
The new office will be open from Monday to Friday between 9:30 am and 5:15 pm; Saturdays –
10:00 am to 1:00 pm and will remain closed on 3 rd Saturday of every month.
The new office was inaugurated by Mr. Rajan Tandon – Business Head -Telangana & Regional
Business Head – Andhra Pradesh in presence of other senior HDFC officials.
Speaking on the occasion, Ms. Renu Sud Karnad, Managing Director, HDFC Ltd said, “Kondapur is one
of the fastest growing suburbs of Hyderabad and an important market for us. With the presence of
top IT/ITES & telecom companies and improving infrastructure facilities in Hyderabad, real estate
market will witness a strong growth in coming years. Lower interest rates and PMAY schemes has
made house buying more affordable. It’s a matter of pride that we have this opportunity to further
extend our services to customers residing in the areas near our new office and it has always been
our endeavour to serve them with the same zeal & commitment."
Emphasizing further she said,
“HDFC has always promoted the concept of home ownership and well recognizes the fact that
providing personalized counselling is essential to serve home seekers more effectively. Our new
office signifies the importance of the region in the HDFC’s network. We aim to reach the large
untapped market of genuine home buyers and assist them in making an informed home buying
decision.”
HDFC Ltd under ‘Pradhan Mantri Awas Yojana’ (PMAY) is offering the credit linked subsidy for home
loans to customers from the Economically Weaker Section (EWS), Low Income Group (LIG) and Mid
Income Group (MIG). As per the scheme, eligible borrowers will get interest subsidy of 6.5% pa for
loans up to ₹ 6,00,000 for EWS and LIG category (annual household income up to ₹ 6,00,000),
interest subsidy of 4% for loans up to ₹ 9,00,000 for MIG-1 category (annual household income
between ₹ 6,00,001 & ₹ 12,00,000) and interest subsidy of 3% for loans up to ₹ 12,00,000 for MIG-2
category (annual household income between ₹ 12,00,001 & ₹ 18,00,000) for a maximum tenure of
20 years. The effective subsidy to customer is in the range of ₹ 2.30 – 2.67 lakhs on a 20 year term,
receivable upfront. The schemes for MIG-1 and MIG-2 are valid up to March 31, 2021 and schemes
for EWS/LIG are valid up to March 31, 2022.
HDFC in order to promote affordable housing has created dedicated teams across the country. These
teams have conducted extensive workshops to educate developers and their sales staff, corporate
and their employees, etc by setting up help desks at their offices. HDFC during the quarter ended
June 30, 2020, 37% of home loans approved in volume terms and 19% in value terms have been to
customers from the Economically Weaker Section (EWS) and Low Income Groups (LIG). HDFC
retained its position of having the largest number of beneficiaries under CLSS, with cumulative
disbursements to nearly 2 lakh customers under the scheme.
HDFC Ltd in March 2019 was awarded as the ‘Best Private Sector Financial Institution’ for PMAY-CLSS
at PMAY Empowering India Awards 2019. Also in June 2018, HDFC was awarded the best performing
primary lending institution in the EWS (Economically Weaker Section) and LIG (Low Income Group)
and second best in the Middle Income Group (MIG) category by the honorable Prime Minister Shri.
Narendra Modi. This is one small step towards “Housing for all by 2022” which HDFC ltd has been
working on as a mission and business objective to take the government’s flagship scheme, ‘Pradhan
Mantri Awas Yojana (PMAY)’ to the real beneficiaries.
HDFC follows a single-window concept and offers free property counselling services for a variety of
individual needs, legal & technical guidance and has capabilities to approve loans swiftly. With its
understanding and knowledge of the real estate market, HDFC also advises customers on property
related issues. It has grown to provide not just the finance but a complete solution to the customers’
housing needs since buying a house for most of us is the biggest Investment and once in a life time
decision.
Innovative products tailored for the customers:
Housing loans
Home Improvement Loans
Home Extension Loans
Plot Loans
Rural Housing Finance Loans
HDFC Reach
HDFC Arya – loans to Central and State Govt. Employees
Loans to NRIs
Loan Against Property
Top-up Loans for existing customers
Customized repayment options
