Affordable Luxury Homes in the heart of Bengaluru Under PMAY Scheme

Hebron Properties has launched its flagship affordable luxury homes in the heart of Bengaluru called Hebron Avenue that becomes a part of Prime Minister Awas Yojana (PMAY), a central government’s scheme to provide housing for all by 2022.Hebron Avenue offers homes at a competitive price as its Hebron’s vision to provide comfortable houses with all amenities. Preen and Prema chandran, Director & CEO, Hebron Properties, said, “It is a scenario of radical change in the real estate growth and buying a house within the city limits at an affordable cost is a farfetched dream.  We have always envisioned providing a residential project for entry level employees with an age group around 25 years.” This BDA approved project houses 448 apartments each with 850 sq.ft. built-up area spanned across over 4.08 acres of landscaped greens. Every member of buyer’s family can delight in the amenities offered by Hebron at Avenue that includes club house, swimming pool, badminton court, multipurpose playground, multipurpose community hall, cricket pitch, tennis court and gym. It is also ensured that green environs envelop the apartment. For buyers buying a home in Hebron Avenue, the four criteria mentioned under PMAY scheme are mandatory such as beneficiary’s maximum age to be 70 years, annual income must be between Rs. 3 Lakh and Rs. 6 lakh for (LIG) since Feb 2017, beneficiary should not have an own dwelling unit on the name of any family member in any part of India and an adult female membership is mandatory in the property ownership. “If all the criteria are met, the buyer can avail a subsidy of upto Rs. 2.67 lakh. Since Hebron Avenue is a part of PMAY scheme, the buyer can avail Rs. 2.67 lakhs as a subsidy,” said Shobha P, Senior Manager & ASM-Mortgages, Axis Bank.