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HOUSEFED
      list of allottees of SBS Nagar Flats - Click Here
      Housefed Draw Result for Banur Housing Project. - Click Here

      History:-
       

      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., with a total membership of 341 cooperative house building societies, has disbursed Rs. 120583.03 Lacs as on 31.1.2014 for the constructions of 124779 houses through its 17 district offices and H.O manned by about 342 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
      .

      Objectives
        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 acquire and develop land for the benefit of housing programme in the state.
      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.
      To undertake construction work of other cooperative institutions on deposit work basis.
      To provide loan to the members for the purchase of built up house/flat/apartment.
      Future Plans
      1
      Housefed has already advanced a sum of Rs. 120583.03  lacs for the construction of 124779 houses & disbursed Rs. 4566.02 lacs during the year 2012-13. Loan worth Rs. 549.48 lacs has been advanced from 1.4.2013 to 31.1.2014
      2

      Construction of 96 flats at Kapurthala, 912 flats at Banur and 632 flats at Mohali  has already been started and possession of all flats will be given shortly i.e. during March 2014.

      3
      Kapurthala

      No.of flats

      Construction cost

      Date of allotment

      Date of completion (extended)

      Work to be executed upto 31.01.2014

      Actual work executed upto 31.01.2014

      %age of work completed

      96 flats

      18.61 crore

      16.07.2010

      28.02.2014

      18.00  crore

      15.00 crore

      80.60%

      4
      Banur

      No.of flats

      Construction cost

      Date of allotment

      Date of completion (extended)

      Work to be executed upto 31.01.2014

      Actual work executed upto 31.01.2014

      %age of work completed

      912 flats

      160.29 crore

      18.11.2009

      28.02.2014

      160.00  crore

      160.00 crore

      99.81%

      5
      Mohali

      No.of flats

      Construction cost

      Date of allotment

      Date of completion (extended)

      Work to be executed upto 31.01.2014

      Actual work executed upto 31.01.2014

      %age of work completed

      192 flats

      19.16 crore

      14.8.2012

      28.02.2014

      18.50  crore

      15.00 crore

      78.28%

      Step towards Modernisation
        The organization is yet to computerize its working.