Realty Bites

Emperium Happy 

Homes in Panipat

Emperium Realty Private Limited launched Emperium Happy Homes near Model Town in Panipat recently.  Floated under the Pradhan Mantri Awas Yojna, the 5.08 acre project will offer 754 apartments and will be developed as a modern residential development comprising of apartments of 1BHK, 2BHK and 3BHK. Party hall, local shopping area with ATM, medical shop, dispensary; mini football field, badminton court etc are some of the key features of the housing project. Speaking on the occasion Ravi Saund, Founding Director, Emperium Realty Private Limited said, “Panipat is fast expanding into one of the most popular and seamlessly connected real estate destinations in NCR. The city has a robust demand for quality affordable housing.”  This ambitious project will be made with an investment of Rs 100 crore. 

Loan facility for first-time homebuyers

Cash Suvidha, a startup fintech company has joined hands with HomeCapital to provide unsecured credit at zero per cent interest to first-time homebuyers in Pune, Bangalore and Mumbai region. First-time homebuyers have always been a driving force in real estate because they enable existing homeowners to trade up to bigger homes and create demand for new construction.

Through the tie up, Cash Suvidha and Home Capital aim at changing the way loans are procured, assessed and disbursed and through the Down payment Assistance Programme, it is targeting the salaried people in the age group 20 to 45 years.

“We extend credit to applicants who don’t have access to traditional lending practices. We have developed our own ‘Suvidha Social Score' for assessing creditworthiness using social media portals to check educational and professional backgrounds, track lifestyle spending, payments behavior, and spending patterns,” said founder Cash Suvidha, Rajesh Gupta. Digital lending platforms are proving how technology can strengthen lenders’ position by providing the benefits of basic efficiency improvements and cost avoidance. Applicants without credit scores are taking the digital journey to procure loans.                     — Agencies