History | ||||||
The Punjab State Federation of Cooperative House Building societies Ltd., Known as “HOUSEFED” was established on 17.11.1970 with the objective to provide financial assistance to the individuals for construction of houses in rural and urban areas in the State of Punjab. 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. Now it has disbursed Rs. 120554.45 lacs as on 31.3.2020 through 343 cooperative house building societies for the construction of houses. There are 141 staff members in HQ and 10 district level offices. Besides advancing loans, the Federation has also successfully completed complexes at Mohali, Ludhiana, Jallandur, Banur and Kapurthala and developed 495 plots at Bhatinda of various sizes so far. All the flats and plots have been allotted and possessions to its allottees have been given. | ||||||
Objectives | ||||||
| ||||||
| ||||||
| ||||||
| ||||||
| ||||||
Status of recently completed Projects | ||||||
| ||||||
Future Plans | ||||||
| ||||||
|