Andhra Pradesh Housing Board
Andhra Pradesh Housing Board was established by the government of Andhra Pradesh in 1960, under the A.P. Housing Board Act, 1956, in order to provide affordable homes to all sections of home seekers. Reasonably priced homes with all modern amenities and easy payment option for economically weaker sections are the main motives behind the establishment of Andhra Pradesh Housing Board. Besides, it is not just the homeless people within low income group that can get benefit from the schemes of AP Housing Board. Even people from other social sections can also find housing solutions according to their need and buying capacity. Thus, the popularity of Andhra Pradesh Housing Board is ruling high across the state.
Besides constructing residential houses for various income groups, it is also engaged in the construction of commercial complexes like offices and shops and hence gives a boost to the economic progress of the state apart from adding significantly to the Infrastructure of the city concerned. In this way, the real estate Properties in Andhra Pradesh also get a fillip form further growth. It builds multi-storied structures to let out commercial spaces on rent to businessmen and traders. Under the residential housing segment, it plans and executes construction of houses for the social groups falling within the brackets of lower income, middle income and higher income.
You can get houses built by the board under two schemes, namely out right sale and hire-purchase. In the category of out right sale, you will have to clear the balance within three months, while in the category of hire-purchase, you are required to pay the balance amount in equated installments.
To get a house under any category, you need to apply before the concerned executive engineer of a housing project under AP Housing Board along with a filled-in application form, which can be had from the same office. You will also have to pay Earnest Money Deposit (E.M.D.), the amount of which depends upon the cost of house applied. The E.M.D. will also depend on the category of allotment scheme.
If the number of eligible applicants exceeds the number of housing units, allocation will be done through drawing lots. The final result is exhibited on the notice board of the office of executive engineer concerned. Successful candidates will be notified to pay the balance amount within the period mentioned by the board to take possession of the house. And, here is the crux of the whole affair and the relief provided by AP Housing Board at this juncture to home buyers, more particularly to those from lower income group, really goes a long way in realizing the dream of own home.
For detailed information, please refer to the address provided to you by indiahousing.com.
1st floor, Gruhakalp, M.J. Road,
Hyderabad - 50004, Andhra Pradesh
Telephone: +91-40-24603571 to 75
Email: email@example.com or firstname.lastname@example.org
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