The Punjab State Federation of Cooperative House Building societies Ltd., Known as
"HOUSEFED" WAS ORGANISED ON 17.11.1970 to tackle the problem of housing in the Punjab
State, by providing financial assistance to the individuals for construction of houses in rural and
urban areas. Any individual desirous of taking housing loan is enrolled as member of a
cooperative house building society already existing in that area. At the time of its inception with
a membership of 33 cooperative house building societies, the Federation manned by three staff
members could not start functioning till August, 1973. During the year 1973-74 only Rs. 4.47
lacs were sanctioned to cooperative house building societies. Since then Housefed has never
looked back and has continued to gain strength, with a total membership of 345 cooperative
house building societies, has disbursed Rs. 113326.15 Lacs as on 30.11.2011 for the
constructions of 121179 houses through its 17 district offices and H.O manned by about 365
staff members functioning at various levels. Besides advancing loans the Federation has also
undertaken the construction work of multi storeyed group housing complexes and has
successfully completed two complexes at Mohali, two at Ludhiana and one at Bhatinda
consisting of 888 flats and development of 495 plots of various sizes so far. All the flats and
plots have been allotted and possessions to its allottees have been given.
Housefed has constructed 96 flats at S.B.S Nagar, Phase-1 Ludhiana, 84 flats at Jallandhar &
144 flats at Amritsar, Construction of 168 flats at New Amritsar Complex Phase-II and 90 flats
at S.B.S Nagar Phase-II Ludhiana has been completed.
- To grant loan to the members of cooperative house building societies in the state of
Punjab both in urban as well as rural areas for construction of their new house against
the security of immovable property.
- To grant loans and advances for making repairs, additions, alterations or improvement
to existing houses/flats/apartments of the members of cooperative house building
societies both in urban and rural areas.
||Housefed has already advanced a sum of Rs. 113326.15 lacs for the construction of 121179
houses & disbursed Rs. 2782.54 lacs during the year 2010-11. Target advancement is 5000.00
lacs during the year 2011-12. Loan worth Rs. 2709.29 lacs has been advanced from 01-04-
2011 to 30-11-2011
||Construction of 96 flats at Kapurthala has been started during July 2010. Construction of 912
flats has already been started. Agreement to purchase 65 acre of land at Faridkot.
||The Construction work of 632 flats at Sector 79, Mohali has been started.
||Ongoing Housing Projects - Click here to Download Photos
|Step towards Modernisation
||The organization is yet to computerize its working. However, steps have been taken for the
installation of the same at the earliest, keeping in view the ever increasing business of the
federation. Detailed study is being made in this respect in order to find the areas where the
computerization is in utmost need to cope up with the maintenance of data especially in
Accounts regarding disbursement and recovery of loans as the same has already increased
manifold during the last four to five years. The computerization of Housefed is in process. The
Punjab Infotech had prepared detailed project report(DPR)
||Advancement of loans in every nook and corner of rural areas of the state. Construction of
modern cooperative housing complexes in all major cities of the state as a model projects.