I: Maharashtra Housing and Area Development Authority (MHADA), has signed a Memorandum of Understanding (MOU) with HDFC appointing it as a Most
Favored Institution (MFI).The MOU was signed by Vikas Desai, finance controller at MHADA, and Ajay Sachdewa, joint general manager at HDFC Limited.
As an MFI, HDFC allottees from all 7 MHADA boards across Maharashtra (Mumbai, Konkan, Nagpur,
Aurangabad, Amravati, Pune, and Nashik) will get loans at competitive interest rates and minimum processing charges.