NEWS

Invest In Property, Grant Man To Couples

“We applied through Housing Authority and then the grant came through them. We applied for the loan in August for the new financial year and we got it around the end of October before Diwali.”
05 Jan 2022 12:48
Invest In Property, Grant Man To Couples
Navneel Chand in front of his home in the new field 40 subdivision in Lautoka on January 4, 2022. Photo: Salote Qalubau

Navneel Chand is urging young couples to not be afraid of investing in properties as this would benefit their families in the long run.

The 31-year-old Denarau Villas Limited Maintenance Engineer was the recipient of the Fijian Government’s $30,000 Home grant assistance under the Ministry of Housing and Community Development. He has subdivided the home into two units, one of which he plans to rent out.

“For young couples, it’s good that you should invest; go and ask; we all know the Government is giving this home grant so just try your luck and you might get it, and the Government will be there to assist you a 100 per cent,” he said

“We applied through Housing Authority and then the grant came through them. We applied for the loan in August for the new financial year and we got it around the end of October before Diwali.”

The Labasa native said after three years of marriage, he and his wife Vilashni Devi decided to move from Nadi to Lautoka with their two-year-old son.

“It took four months to build the house partially, the back flat not yet completed. We have made the whole structure for the house, all partitioned, all plastered, but finishing for the back is still left as it is two units; there are two bedrooms in each flat,” he said.

He said he would stay in the second unit behind of the first unit and that the flat would have two bedrooms, inclusive of a master bedroom, a toilet and a bathroom.

“We will rent out the one in front while we stay in the flat at the back. This will also help us in paying off the loan and it’s a relief for us so we have less to pay,” he said.

He said he would use his current annual leave time to finish construction on the second flat and to complete other pending features of the house.

“From today I am on leave so I want to finish the house fast and since things are opening up, by February people will be looking for new jobs and it’s also a good time to rent out the flat,” he said.

“We are not sure about the rent amount as it will be confirmed by Housing Authority and the Lautoka City Council after they value the area.”

 



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