MoU signed between Indian Army and Tata Realty
In order to provide quality housing to army personnel, a historic milestone was reached with the signing of a memorandum of understanding (MoU) between Indian Army and Tata Realty & Housing.
Key Highlights of MoU
It enables Indian Army’s personnel to immediately take over dwelling units in 13 ‘Ready to Move in’ projects of Tata Realty pan India spread in more than 10 cities such as Pune, Chennai, Bengaluru, Gurugram among others. These housing units are available at a discount ranging from 11% to 27%.
This MoU signals a new era for Army Welfare Housing Organization (AWHO), which has always endeavored to provide quality housing for personnel in Indian Army who are deployed in remote locations across country.
AWHO will now facilitate acquisition of homes from reputed private builders at discounted rather than building them for soldiers.
About Army Welfare Housing Organisation (AWHO)
It is a society formed in December 1978 with objective of constructing structurally sound, economically viable and functionally efficient dwelling units for serving or retired Army personnel and their widows in selected stations throughout India.
It comes under Indian Societies Registration Act XXI of 1860.
Function: To construct houses for desirous serving or retired members of Army and their widows on ‘NO PROFIT NO LOSS’ basis in selected popular stations.
Ex-officio chairman of AWHO: Adjutant-General of Indian Army (the senior administration officer who reports to Chief of Army Staff). AWHO’s board of governors is entirely constituted of senior army officers. The Adjutant-General of the Indian Army is also the Colonel of Corps of Military Police.
Category: Defence Current Affairs
Topics: Adjutant-General of Indian Army • Army Welfare Housing Organisation • Housing Project • Indian Army • Indian Societies Registration Act XXI • Memorandum of understanding • Tata Realty & Housing
|View All E-Books: Recent Release|