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6.99% Interest on Home Loans on All Properties at Ensaara Metropark

October 10, 2014 - Mumbai, Nagpur, Pune, Maharashtra, India

Luxora Infrastructure is very pleased to announce an agreement with HDFC to provide home loans at a special rate of 6.99% per annum. The rate, which is available for a limited period only, is exclusive to Ensaara Metropark. Ensaara latest offer will help reduce the overall cost of home ownership by reducing the buyer’s home loan interest burden to 6.99%, as compared to current prevailing interest rates of 10.25% to 10.50%.
The agreement means that prospective purchasers can enjoy so much more for lower monthly interest payments. Not only will they be able to choose from a range of six stylish and comfortable homes, which have been specially designed for Nagpur’s climate and will be cooler in summer and warmer in winter, but they’ll also be able to enjoy all of the amenities and facilities of the ‘first of its kind’ 300-acre metropark - all on their doorstep.
These facilities and amenities include a school operated by Centre Point School Group, a hospital, a member’s club and neighbourhood clubs, a prayer and worship zone, a shopping mall and convenience stores, a lakeside retail area with restaurants and coffee bars, police and fire stations, and a petrol and bus station.
Ensaara Metropark is located in South Nagpur (SoNa), where there’s the space to develop such an exclusive world, and it also boasts a 32-acre central park, Biodiversity and Astronomy Parks, gardens, adventure playgrounds, sports grounds, six acres of orchards and vegetable gardens, streams, ponds and a large lake - all master-planned by HOK, the international master-planners.
The agreement also means that prospective home owners will benefit from lower loan interest rates and reduced bills, because all of the homes at Ensaara Metropark are being built with energy-saving features, such as solar power, double-glazed windows and thermal exterior paint.
Commenting on the initiative, Mr.Sanjay Kothari, Group CEO said, “The true cost of a home is not just the price one pays to the developer, but it’s the price paid to the developer plus the interest cost on their home loan. We believe when it comes to owning a home nothing should come in the way. This offer from Ensaara will not only help the buyers (who were earlier waiting for rates to come down) in buying their dream homes but also send out a positive signal about the investment climate”.
About Luxora Infrastructure
Ensaara Metropark is a development by Luxora Infrastructure Private Ltd. and is jointly promoted by the Aanya Group and Luxora Group. The organisation has over 30 years of experience in residential real estate development, with a particular focus on producing high quality developments, which feature beautiful, modern designs built to exacting standards. The two groups combine intelligent building design, local sensitivity and international best practice to create progressive, socially-responsible developments. They share a vision of creating residential housing and multi-use metroparks, which exceed expectations and are symbolic of modern India.
About The Housing Development Finance Corporation Limited (HDFC)
The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an ‘in principle’ approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of RBI’s liberalisation of the Indian Banking Industry in 1994. The bank was incorporated in August 1994 in the name of ‘HDFC Bank Limited’, with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995. HDFC Bank began operations in 1995 with a simple mission: to be a "World-class Indian Bank". It realised that only a single-minded focus on product quality and service excellence would help it achieve its mission. Today, it is proud to say that it is well on its way to its goal. Its efforts towards providing customer convenience have been appreciated both nationally and internationally, with numerous awards won from organisations like The Asian Banker, Dun & Bradstreet and Forbes Asia. It currently has a nationwide network of 3,488 Branches and 11,426 ATM's in 
2,231 Indian towns and cities.

PhotoCaption: Luxora Infrastructure  provides home loans at a special rate of 6.99% per annum in partnership with HDFC

Source: Business Wire India


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