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ASSOCIATES LIMITED
EMPLOYEEHOUSINGSCHEME
The Employee Housing Scheme circulated on 27th October, 2010 had provided for considering salary
advance for meeting any shortfall in the contribution to be made by the employees as a special case.
In this connection, all employees of the Group will be pleased to know that the Hon'ble Founder
Chairman has very kindly agreed for upfront 200h advance to all employees participating in the
Housing scheme at concessional rate of 6% p.a. The employees will bring in their contribution of
balance 5% at the time of possession of the dwelling unit. We believe that our devoted colleagues
would appreciate the intent of this sweetened offer, which is bound to provide handsome returns.
The salient features of the revised terms of the Scheme and an illustration of overall cost of a 2 BHK
dwelling unit, cost of funding and annual payment by the employee before the EMI starts after 36
months, is tabulated in the attached sheet for a better understanding and appreciation. For any
clarification, the following may be contacted:
For Sales
CRM : Mobile: +91 9999988901
Email : anant@jalindia.co.in
Tel: +911204609090/1/3 Extn. 4065/3091
Mr Nimit Tiwari (Officer - Sales) Mobile: +91 9654379795
Email : nimit.tiwari@jaypeegreens.com
Mr Ashish Gupta (AGM _ Sales & Marketing) Mobile: +919711270444
Email: am.gupta@jaypeegreens.com
For Home loans
M,r Vivek Krishan Mobile: +919582142309
All the employees of the Group may approach their respective HR Department for completing the
application so that the loan formalities can be completed by the Central Bank of India at the earliest.
We should try to complete this process before the calendar year ends.
AlitheBe5t~
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H/i r
(Manoj Gaur) , I, "
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(Sunil Sharma)
I I"
Executive Chairman Executive Vice Chairman
Head Office: 'JA House', 63 Basant Lok, Vasant Vihar, New Oelhi : 110057 (India)
Ph.: +91 (11)26141540,26147411 fax: +91 (11) 2'6145389, 26143591
Regel. Office: Sector-128, Noida - 201 304, Uttar Pradesh (India)
1. Salient features of the revised terms of the Scheme will be as under:
.
c) 10% advance by Company @ 6% p.a. c) 20% advance by Company @ 6% p.a. simple
simple interest, repayable in 5 years interest, repayable from 7th year over 7 - 1C
years
d) 5% on possession d) 5% on possession (less booking amount)
(ii) 75% of the Cost to be funded by a Home 75% ofthe Cost to be funded by a Home Loan
Loan
B. Funding of Cost
a By Company as an advance, repayable from 20% of Basic Selling Price, IDC 379,962
7th to 10th year &Electric Substation Charges
b By Central Bank of India as a loan 75% of Basic Selling Price, IDC 1,424,858
&Electric Substation Charges
c By Employee on possession (including 5% of Basic Selling Price, IDC &Electric 311,811
upfront) lSubstation Charges + Lease Rent,
Interest Free Maintenance Deposit,
Maintenance Advance,
Club membership
Total 2,116,630
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C. Before start of the EMI, the Payment during first 3 years by the Employee will be as under:
The EMI will be determined by the Bank depending upon the amount of loan and its tenure.
.
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