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.