Over the years, the idea of owning budget flats in Kerala has gotten more and more difficult thanks to the ever increasing real estate rates. Today, most budget homes in Kerala can only be found at locations far away from city hot spots. More often than not, prospective buyers will have to compromise on the quality of construction, amenities and other necessary facilities when it comes to investing in budget homes in Kerala.
A revolutionary concept from Kerala’s most responsible and trusted builder, the Confident Group, is all about to change this. In a move that has taken the real estate sector by storm, ‘Smile Homes’ is an operational wing of Confident Group aimed towards developing budget homes in Kerala and Bangalore, backed by buyer-friendly home loans at subsidized interest rates, thanks to PMAY (Pradhan Mantri Awas Yojana). This special-purpose division, guided by our visionary mentor Dr. Roy C.J and under the leadership of Managing Director Mr T A Joseph, along with an able team of engineers and architects, will be developing over 1000 budget homes in Kerala and over 3000 budget homes in Bangalore.
Starting from just 29.5 lakhs, the 2BHK projects currently in the pipeline are scheduled to progress at prime locations in tier 1 cities of Kerala namely, Thiruvananthapuram, Kochi, Thrissur, Kozhikode and Kottayam. The first project under the ‘Smile Homes’ initiative was launched near Kariavattom in Trivandrum on 2nd April, 2017
The homes being built under the ‘Smile Homes’ brand will comprise of spacious and well-defined interiors with all necessary amenities and that too at prime locations. What makes these projects even more irresistible is the fact that Confident Group has partnered with leading banks and financial institutions to provide you with attractive homes loans at highly subsidized interest rates by integrating the Central Government’s Pradhan Mantri Awas Yojana (PMAY) scheme.
The beauty of this scheme is such that first time home buyers looking for budget homes in Kerala and Bangalore who are eligible under the central government guidelines will enjoy various benefits. The categorisation is as follows:
|Category||EWS||LIG||MIG 1||MIG 2|
|Family Monthly Income in Rs.||Upto 25000||25001-50000||50001 – 100000||100001-150000|
|Eligible loan amount for subsidy in Rs.||600 000||600 000||900 000||1200 000|
|Subsidy on interest rate||6.5%||6.5%||4%||3%|
|Loan Period||15 Yrs||15 Yrs||20 Yrs||20 Yrs|
|* Actual benefit of the Scheme|
Appox. In Rs.
* Subject to bank discretion. For Eg : If home loan of Rs.15 lakhs is taken at 8.5% interest rate for tenure of 20 years then the interest subsidy of 3% would be applied on Rs.12 lakhs and on remaining Rs.3 lakhs interest rate of 8.5% is applicable. The subsidy of Rs 2,30,000/- would be credited upfront to the beneficiary loan account resulting in reduced EMI.
We understand that you always had the aspiration of owning your dream home on a budget that suits your needs but were not able to due to the lack of options. Smile Homes is Promoted and Managed by the same team of professionals who have delivered the Confident Group stamped homes in Kerala. The 450 crore investment made towards this initiative is aimed at giving you, the prospective home buyers who are looking for budget homes in Kerala and Bangalore, a lifetime of happiness.
Thank you for visiting our website. We would like to take this opportunity to keep you up-to-date with the changes currently being deployed in accordance with the rules and regulations stipulated by RERA – Real Estate Regulatory Authority.
This process may take time, and it’s duly advised not to take any information currently mentioned on the website like images, material, stock photography, projections, details, descriptions, etc. to make a final purchase decision. All information should be deemed to be or considered only as advertisements, solicitations, marketing, offer for sale, an invitation to offer, an invitation to acquire, including within the purview of RERA.
You are therefore requested to personally verify all the details and aspects of any booking/acquisition of units/premises, directly with our sales department. To reiterate, please do not rely on the information contained on this website to make a final purchase decision until all the revisions and updated are completed.
Also, please note that we’ll not be accepting any bookings or allotments based on the material, images and descriptions mentioned on the website. We request you to contact our sales department for expert advice and information on the same.
Thank you for your patience.