Imphal: Panthoibi Construction Private Limited, a sister company of Panthoibi Housing Finance Company Limited (PHFCL), on Sunday launched “Panthoibi Green Home” at Khabam Bamdiar, here.
Chairman and managing director of PHFCL, Thokchom Hemo said the housing project will be giving the opportunity to only the state denizens.
Any individual can buy the plot of 2610 square feet area which has point 6. After buying the plot if there is financial issue then the company will also provide subsidized home loan, Hemo said.
There will be three option while buying the plot. The company will provide 10 per cent discount for those who buy the plot in one-time payment of the whole amount. For advance payment of 50 per cent of the whole amount, the buyer can pay the remaining amount at installment basis with a rate of 0.85 percent, however, the instalment should be completed within one year, he added.
For the third option any individual can pay Rs 5 lakh as advance payment and the remaining amount can be paid in installment basis with the same rate of interest within two years.
“Panthoibi Green Home” will have the provisions of G+3 with playground, club house, commercial building, health care facility and others.
Hemo said, “PHFCL is the only financial institute which is regulated by RBI not only in the state but also in the entire north eastern states.”