Eden City launches “Homegain” – home owning option
May 30, 2013
Source : The Times of India


KOLKATA: Eden City Group one of the renowned real estate developers in the city with its flagship project Eden City Maheshtala has announced ‘Homegain’, an innovative home owning option. ‘Homegain’ home owning option is offered for its ready-to-move-in apartments that allow one to take possession of his new home by paying a minimum of 20% of the property value. The buyer is also required to sign a home loan agreement for the balance amount; the EMI for which starts after one year.

This is a first of its kind initiative in the country which will allow many families staying in rented accommodation to own their own abode with much ease.
One can reap multiple benefits by simply signing up for ‘Homegain’ home owning option. Since, the EMI starts from 13th month; the buyer enjoys free stay for 12 months as during this period he is not required to pay any rent or EMI.

Moreover, one can save the amount equivalent to EMI or even more every month for and pre-pay part of the principal amount of his home loan at the end of the year. As a result, the principal home loan amount reduces and the EMI amount for the rest of the home loan tenure also gets reduced. That is not all. One can enjoy appreciation for one year for the entire property value by paying only 20%.

“This option is for the customers looking for an apartment in a well planned secured housing complex with modern amenities like Eden City Maheshtala. Since the customer now has the convenience of paying his EMI after 12 months, not only the rent that he used to pay earlier has stopped but he also gets EMI holiday for a full one year,” said Biswadeep Gupta, Vice President-Marketing, Eden City Group.

Salaried individuals/ Businessmen/ Professionals having the status of Resident Indian / NRI / Persons of Indian Origin or Karta of HUF can buy a property under ‘Home Gain’ loan option subject to approval by the Bank or Financial Institution which has endorsed such a home owning option.

About Eden City, Maheshtala
Eden City, Maheshtala is the largest housing project in South Kolkata (Maheshtala), funded through Foreign Direct Investment by UK based F&C REIT Asset Management. The Project is spread over 22 acres. There are G+7 & G+15 Towers with more than 2000 Flats of 2-3 Bedrooms. Amenities include fully equipped Club with swimming pool, gymnasium, library, games room, yoga and meditation room, coffee shop and restaurant, banquet halls, medicine shop, convenience store and ATM. Apart from these, there are four Community Halls, an Indoor Stadium, a football field, multipurpose courts, children’s play ground jogging tracks and two natural water bodies. It also has air-conditioned buses dedicated for the residents.

A School, Hospital, Shopping Complex, Multiplex and a Football Stadium is also coming up shortly next to Eden City Maheshtala.

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