1. Owning a house becomes easier for Army personnel

Owning a house becomes easier for Army personnel

Owning a house has become easier for the Army personnel now. In fact, the Army personnel by virtue of deployment in remote areas find it extremely difficult to invest time in buying a good house.

By: | New Delhi | Published: March 3, 2017 6:12 PM
A pilot project is being undertaken in Delhi/ NCR and based on its success, similar ventures will be executed in other locations.

Owning a house has become easier for the Army personnel now. In fact, the Army personnel by virtue of deployment in remote areas find it extremely difficult to invest time in buying a good house.

Therefore, to fulfill this need and meet the aspirations, AWHO (Army Welfare Housing Organisation) has come up with a pragmatic business model called the ‘Private Industry Collaborative Business Model’. This will facilitate acquiring houses from reputed private builders at discounted prices for the Army personnel & Veer Naris.

A pilot project is being undertaken in Delhi/ NCR and based on its success, similar ventures will be executed in other locations.

Major advantages of this concept are detailed market research to identify the most suitable builder/ project, negotiations for price reduction, due diligence and buyer-friendly terms & conditions. Prop Equity, a leading real estate data & analytics consultant firm, has been selected after a prolonged process to undertake the facilitation process forward.

An MoU in this respect was signed by Lt Gen Rakesh Sharma, UYSM, AVSM, VSM, Chairman (Ex-Officio) AWHO, and Samir Jasuja, MD, Prop Equity Analytics, today.

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According to the AWHO website, the following people are eligible to apply for a housing in AWHO:

A: (a) Regular Army Personnel – (i) All Ranks serving on Regular terms/ Short Service at the time of acceptance of application. (ii) All Ranks who have retired having put in minimum of 5 years of service. (iii) Battle Casualties boarded out of service.

(b) Medical Officers who on getting commission become members of the Army Officers Benevolent Fund and have not registered for/allotted a DU by AFNHB.

(c) Army Postal Service – Serving Personnel of the APS who have served a minimum of 10 years of service in the Army or have retired directly from APS without reverting back to the parent unit after at least ten years of service.

(d) Territorial Army- Personnel who have been embodied in the Territorial Army and have an aggregate of ten years embodied service. Retired personnel are not eligible to apply.

(e) Widows of serving/retired army personnel who are in receipt of pension from CDA (P) Allahabad.

(f) Employees of AWHO who have rendered a minimum of 10 years of service in the organization. Employees who have retired/released from AWHO are not eligible.

(g) Parents of unmarried Fatal Battle/ Other Casualties who are in receipt of pension from CDA (P) Allahabad.

  1. R
    Rajendra Singh
    Mar 4, 2017 at 9:36 am
    Excellent idea.One small suggestion can some additional concession be given for War heroes- - Sena Medal ( Gallantry ) till PVC/ their widows.
    Reply

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