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HUDA housing scheme is a project undertaken by the Haryana Urban Development Authority aimed at providing affordable housing to the residents of the state. It introduced the concept of Group Housing in the various Urban Estates scattered across the state. HUDA has allotted approximately 800 acres of land to various registered housing societies and organizations.
HUDA Haryana plans to provide residential plots to different income groups in cities and urban areas like Ambala, Dadri, Faridabad, Hisar, Jind, Gurgaon, Kaithal, Karnal, Rewari, Rohtak, etc. Its reserve prices will be fixed according to collector rates, or at 80% of the current market prices (whichever is higher.)
HUDA initiative will help the hundreds of residents living in the industry-rich areas of Haryana to afford their private residential plot. You can avail a home loan to meet the finances required for the expenses without straining your budget.
How to Apply for Huda Scheme?
You can apply for this housing scheme as an individual or via housing societies or welfare housing organizations. You will have to sign-up at the HUDA procurement portal to participate in an e-auction. Let’s take a look at the step-by-step process to apply for housing under HUDA.
1. Log-in using your ID and password and navigate to the main portal.
2. Select the ‘Sign-Up’ button to navigate to the contractor/bidder/supplier signup form.
3. Fill in the necessary information correctly and submit the form. Keep the login details with you as it will be required to participate in the e-auction.
4. Select the client as Haryana Urban Development Authority while logging in for bidding.
5. You will see the dashboard which will hold a list of current events and properties awarded. Current events will carry the details of live auctions while the awarded section will detail the bids submitted and won by the buyers.
HUDA affordable housing can significantly reduce the number of funds you will have to spend to purchase a house in major areas of the state. A smaller amount is one of the crucial factors that impact your home loan interest rate.
You can also opt for an advance from a financial organization that offers benefits under Pradhan Mantri Awas Yojna. Leading NBFCs such as Bajaj Finserv offers assistance on these schemes which can reduce your home loan rates to only 6.93%, and help you save up to Rs. 2.67 Lakh during the loan tenor.
Eligibility criteria to apply for affordable housing under HUDA Haryana include –
Domicile – Applicants who belong to Haryana are only eligible to apply for HUDA Plot Scheme 2019.
Income – You can apply for the HUDA scheme only if you belong to the EWS (Economically Weaker Section). Your family’s (including the husband, wife and child/children) income should not exceed more than Rs. 3,00,000.
Previous ownership – An applicant should not own any other house or residential plot in his or her name in the state of Haryana.
Group D employees of the Haryana Government are eligible to apply for this scheme.
Furthermore, there are some guidelines you have to follow when you apply for a HUDA housing scheme.
1. You can become a member of a maximum of 5 co-operative societies and retain the membership of only one society after an auction.
2. Every applicant is allowed to own a maximum of one flat in a housing society.
3. You cannot apply for a Co-operative affiliation if your spouse or dependent children own a house, flat, or residential plot in the same urban estate.
HUDA is a great initiative to help the Economically Weaker Sections of the society acquire suitable residential accommodation in Haryana. Purchase a home with a low down payment via HUDA and secure the future of your family in the state Haryana for years to come.
Mobile health or mHealth is slowly becoming a ubiquitous topic, and almost everyone is beginning to get acquainted with the app. It is understandable as this has helped in the practice and delivery of healthcare services.
There is substantial potential to holistically adopt mobile health technology as an alternative to other channels of healthcare delivery. Owing to the inadequate resources and infrastructure, the delivery of healthcare services is a challenge. There are multiple financial, behavioural and structural factors which generate a significant need for mobile health services. Also according to recent studies, around 60% of the people now utilise mobile health services and its popularity is yet to grow further.
What is mHealth?
Mobile health can be defined as a general term representing the use of mobile phones and other wireless technological devices in medical care. It helps educate the customers regarding the various preventive healthcare services.
Advantages of mHealth
Mobile health technology improves coordination, diagnostic accuracy and also helps build a bridge of trust. The various mHealth benefits have been discussed below:
1. Improved Point-of-care Coordination
Previously, due to poor communication, ambiguities in product names, and also misunderstandings regarding product use instructions resulted in many medication errors. Use of mobile devices has improved coordination in more than one way.
2. Seamless Flow of Data
The healthcare system network is quite complex. The utilisation of mobile health efficiently can significantly reduce the intrinsic complexities of the situation and help move information more efficiently.
3. Enhances Convenience
It helps healthcare professionals gain access to vital data on-the-go via portable devices. It also allows doctors and patients share data by overcoming obvious physical and logistical barriers.
4. Real-time Communication
It allows doctors to remotely cater to the patient without the requirement of physical communication. Regular communication also builds rapport between the patient and the doctor.
Challenges Faced by mHealth
Although mobile health is widely approved, there are certain challenges which mobile health has been suffering. These challenges have been discussed as follows:
Healthcare is one of the most highly regulated industries. Some regulations need to be met for mobile devices to become acceptable tools. For example, the transmission of patient information is protected by HIPAA.
Security is one of the main concerns of the healthcare industry. Mobile devices have their own security concerns. Any flaw in the software may result in a breach of security which may lead to anonymous access to personal information apart from several other concerns.
3. IT support
Mobile devices require back-end support. These devices require a strong and also consistent wireless signal to be effective. IT personnel and other staff are required to maintain the network and provide support also.
Financial problems are another reason why some small healthcare companies are unable to adopt mobile health.
There are certain sections which require significant investment to systematically adopt mobile health. However, today may just be the best possible time to invest in mHealth considering the rapid growth in modern healthcare.
This also shows how mobile health technology can help boost profitability for doctors. The business loan for doctors can help the diagnostic centres, hospitals, doctors and healthcare professionals exploit the increasing prevalence of mobile health or mobile medical care among the individuals by enhancing their reach and their reputation.
The potential benefits of mobile health presently are more than the negatives. According to recent reports regarding the trends in telemedicine, Forbes had estimated that there might be up to 65% of mobile-relative interactions with healthcare services in 2019. This makes it evident that the road ahead will need mHealth and other mobile medical care services more than ever.
Author Bio -
Bella is a blogger and she passionate about writing on different topics like Health Insurance, Tech, Automotive, Finance and many others. She has been creating SEO friendly content for more than 5 years. For more info you can visit his blog at Wisdom Ancient.
Accidents are a part of life, but more often than not, you don’t prepare for them as well as you should. Instead of scrambling at the last moment, it is important to consider buying a personal accident insurance policy. This provides monetary cover to ensure you and your family members can take care of medical expenses during such accidents without feeling a strain on your finances. In the event of an unfortunate demise, this insurance cover secures your family's future as well.
Once you have decided to take steps to protect yourself and your family by opting for personal accident insurance cover, consider buying the Personal Accident Insurance provided by Bajaj Finserv. With it you can enjoy reimbursement of up to 40% when you make a valid claim, along with several other benefits such as a hospitalisation allowance or a 10% premium discount if your policy covers two or more members, as well as a child education bonus.
Take a closer look at why investing in a personal accident insurance is a smart move.
Protect yourself from disability
In the unfortunate situation that you meet with an accident and face total permanent disability, you can get up to 125% compensation of the sum insured when you buy personal accident insurance. This is offered to you as a substitute to your income in case your disability renders you incapable of pursuing a job. Similarly, if you’re confined to a hospital owing to an accident and this is affecting your income, you can claim Rs.1,000 per day for up to 30 days when you choose Bajaj Finserv.
Enjoy a low premium and easy claim process
A primary benefit of personal accident insurance is that its premiums are extremely affordable. Typically, you can get an insurance cover of Rs.10 lakh at less than Rs.1,000 per year based on the issuer, plan and number of add-ons that you select. You can claim the amount by providing evidence of your injuries without any hassles. When you buy this policy from Bajaj Finserv, you also get a bonus of 10–50% for every claim-free year, along with easy settlement within 7 days of submitting your claim.
Get accidental death cover
If you sustain injuries that result in your untimely demise, the nominee receives the insured amount as compensation. These funds can help pay utility bills, fund your child’s education, cover unforeseen costs and provide financial security to your family.
Get child education cover
In addition to medical compensation, in the event of death or permanent disability, your children’s education costs are taken care of as well. When you take personal accident insurance from Bajaj Finserv, your family can claim 10% of capital sum insured for this purpose or get Rs.5,000 per child under the age of 19 years, whichever is lesser.
Now that you know how health insurance and personal accident insurance policies protect you, invest in it without any delay. Research the issuer and check the exclusions of the policy to know exactly what’s covered and what isn’t. To simplify and speed up buying insurance, check your pre-approved offer from Bajaj Finserv and use it to apply fast and hassle-free. Apart from this, also consider adding child personal accident insurance to strengthen the protection you offer your family.
Though getting a competitive home loan interest rate can reduce your EMI amount, repaying a home loan still takes a chunk out of your income. In such a scenario, you may be looking for additional financing for a variety of personal and professional needs. However, an unsecured loan may prove to be too expensive and a using credit cards may not give you a large window for affordable repayment. One of the best options is to avail a top-up loan on your home loan.
A top-up loan is not only easy to apply for, but also comes at an affordable rate of interest. Lenders will offer you a low interest high value top up on your Home Loan or Home Loan Balance Transfer so that you can meet your fund needs with ease. There is no restriction on how you can use this amount. You could use it to fund a wedding in the family, meet the education costs for your children, or buy a number of assets for your business.
However, when you apply for a top up loan to avail funds, your lender will keep a watch on certain factors to ensure that you can repay the loan along with your other EMI commitments. So, read on to know how you can secure more funds as a top-up loan on your home loan.
Work on your History with Repayment
Lenders look at your history with servicing loan amounts before granting you a top-up loan on your home loan transfer or home loan. Your credit score reflects your history with credit and lenders are willing to give you more money if you exhibit a healthy relationship with credit and do not have any large financial commitments in the present.
In case your existing lender is unwilling to offer you a top-up loan you can transfer your home loan with another lender who offers an array of benefits along with a substantial top-up loan sanction to make the most of your home loan.
Improve your Income
Over a period of time, there is bound to be a rise in your income as your career grows. This increase in your earnings gives you a better opportunity to get a higher top-up loan as lenders can count on you to be able to repay the new EMIs without defaulting.
Have a Valuable Property
It is highly likely that the value of your property appreciates over time owing to which lenders will be willing to offer you a hefty top-up loan. This is because the increased value of your property acts as secure collateral for your lender as all top-up loans are secured loans offered against your home.
Simply remember that you should not be using this additional loan amount for speculative purposes such as investing in the stock market, but rather put it towards any direct expense. Thus, buying a property in a prime location will prove fruitful especially if you intend on securing additional funds.
What are the Criteria to Get a Top Up Loan?
You must be a salaried or self-employed individual with minimum 3 years of work experience. If you are a working professional, in order to apply for a top-up loan, you must be a resident of India and between 23 to 62 years old.
How to Use a Top Up Loan
With a top-up loan in hand you can use fund an array of expenses such as:
- Pay for a wedding in the family
- Pay your child’s education expenses
- Travel the world with your spouse
- Buy machinery or equipment for your business
- Fund a business expansion
- Set up a new office or factory
- Buy land or a warehouse for your existing business
- Fund medical emergencies
- Invest in another property
Securing large amounts as a top-up loan on your home loan has never been easier. So, check your pre-approved loan offer today and avail a customised top-up loan deal from lenders.
The city of the Nizams, Hyderabad, has become a prime destination for home buyers. The affordable real estate prices and the rapid growth of IT hubs have rung in this trend. Today, the city is home to some of the top IT companies in the world. When it comes to investment, most people stick to mutual funds and bank fixed deposits.
But if you know how to use real estate as an investment tool, you can profit from it too. And, if you have the patience, it can even outrun your expectations. If you are looking for residential property in Hyderabad, PBEL City has a wide range of housing options. PBEL City Hyderabad offers luxurious 2 BHK and 3 BHK apartments. It also has an in-house playschool for your child along with the best in class sports arena.
Here are the top four reasons why you should choose Hyderabad to buy your home:
# Low cost of living
The cost of living is a crucial factor when you make any real estate investment. But this is not the case with Hyderabad. Even though it is a metropolitan city, the lifestyle is cost-effective.
In fact, in Hyderabad you can enjoy all the conveniences of a big city without shelling out too much. And if you choose a property like PBEL City, you can live luxuriously without much of a pocket pinch.
# Employment opportunities
Most young people are more inclined to setting up home in locations that have employment opportunities. Like Bangalore, Hyderabad has also become the preferred destination for the IT industry.
This has led to the creation of more jobs and spiked the demand for real estate. Thus an investment in property in Hyderabad is guaranteed to give you good returns.
# Excellent infrastructure and connectivity
Hyderabad’s infrastructure and connectivity have transformed remarkably in the last few years. The city’s promising infrastructural growth rate is increasing every year. The growth of IT and non-IT enterprises can be observed in popular places like Gachibowli, HITEC City, and Nallagandla.
The Outer Ring Road (ORR) is one such development project that has maximised road connectivity around Hyderabad. The inclusion of the Metro Rail across the city has boosted the connectivity options further. Coupled with government’s support the property market is all set to grow. So, whether you buy a home here or keep this as an investment, it will be a lucrative venture.
# Real estate in Hyderabad offers good returns
Real estate prices in Hyderabad are only rising. The need for land and homes is always increasing in this big city. For example, places such as Kukatpally saw a 7% rise in prices while it was over 4% for HITEC City. Those who have already invested here in Hyderabad, needless to say, are reaping handsome returns. Besides this, major corporate players such as Apple, Google, and Amazon are setting up their businesses in the city.
Hence, a real estate investment in Hyderabad promises a great return in future. Look out from gated communities like PBEL City, Hyderabad. These are great for renting out and ensure great resale value too.
So, without further delay, look for a suitable opportunity and invest in the property market. Buying a home is easier than ever before. You can get your home loan approved in no time. Both banks and non-banking financial companies (NBFCs) offer loans at good interest rates. NBFCs like Bajaj Housing Finance offer home loans up to Rs.3.5 crore and top-up loans up to Rs.1.5 crore.
By now that you know that Hyderabad is an ideal investment destination. So, keep the above points in mind and check out some excellent flats for sale in Hyderabad. In case you want an apartment, PBEL City Hyderabad offers some amazing flats at attractive prices. Truly, your new property in Hyderabad will be worth every penny.